Member Info for pipedreamer

Been busy.I see the shorts covered on 9/10th of May.This gave the support at 38p,one of my support levels.

Unfortunately,technically it may hold here for a while (only extremely surprising results would upset the chart pattern ).

Then i'm afraid a bit lower follwed by hopefully a solid base at that point that would track side ways (hopefully).

Then it will drift down and give a chance to top up again (if you are brave enough ) at circa 32p.

If it then holds there the chance of a triple bottom looks good, giving a 70% chance of it being a successful real bottom.

I can't see it really going to 25p.That's unlikely as the smaller moves from now on will give us a heads up.It would give a last chance for those underwater to top up and have a chance of getting out of trouble.

I take no comfort in this analysis,it's just that the fall since 60p ,while predicted by me,has been so sharp (taking even me by surprise at how deep and fast)that my calcs have indicated this outcome.Those who got in at 30/40p should imho only top up at circa 32p if it gets there.

Good luck all,we are all going to need it.P.S.It would need very good results tomorrow for things to really take off ("take off like a rocket"as some posters proclaim.Hand on heart,are we really likely to get results so surprisingly good that this will happen ?.

You say that a big fall is coming.Have we not already had that from 60p ?.What is your take on what happens now chart-wise ?.How do you see it playing out.I like to get other posters opinions,especially about T.A.

This is in the middle of the 3rd wave of a 5 wave decline from 60p.It has to rally (38p ?.) then up to wave 4 then down to the final wave of 5,which thankfully is normally a whole lot shorter than wave 3.Can only determine the bottom of 5, the real bottom when 3 is completed (which is soon now thankfully).Hold on to your hats (and everything else ).GLA.

Just to refresh my memory,why do you reckon are they doing this ?.Sorry, so many shares so many posts,i forget specific ones.

As Lenin said, "Capitalism can only exist in moving markets".That means that Market makers knowing full well about T.A.and knowing where traders are likely to buy or sell using the algo and T.A. will tend to mark prices in the direction that T.A.traders want them to go.One share (name escapes me at the mo ) suddenly spiked down and hit my target (and probably other traders target) thus creating a buy signal and a signal to shorters that they should cover quickly, just to get the market on said shares really taking off. There is no commision made if nobody buys or sells.Said shares moved up rapidly after and at the moment it appears that it was a probable Major Low (up 50%).

So market manipulation ?.Well yes that's one way to describe it.Remember in the 1929 crash some stock falls were described as peppered with what was described as "air pockets",which happened when at the time of the precise drop, the shares went down nobody was buying or selling them.

That is a market.An apple seller if he he can't sell his apples at a price,he drops them in price till he finds a buyer,etc etc.

Posters are hoping that a 3 wave correction is,or has happened, and we get a V shaped rebound from here.They may be disappointed.I wouldn't personally top up here If you bought at 30/40p.A top up IF it goes to 30/35p is a safer bet if you bought at 30/40,as i say, IF!!!!.

.As the chart carries on it could pull up short and bottom at 38p.Only closer monitoring from now would give us a clue to this 38p scenario happening.

IF it hits 30p again you have the chance of the TRIPPLE bottom,which in TA terms if it bounces from there it is one of the strongest signals supposedly for a BUY!!.

We seem at the moment to be in the MIDDLE of a corrective phase that is correcting (partially ?) the rise from 30p to 60p.That's the technical side as i see it,but as for the fundamentals it's a bit of a guessing game.But that is what i would do strategic wise.I'll post again as things unfold.Please post any differing or confirming opinions that a poster may have,especially T.A. wise.

i filtered SCB a while ago when he never replied to my post asking him respectfully, to lay out his reasons for his opinions .Looking at his posts on other sites as well led me to filter him.Money has to be made,among the hours spent pouring over charts and doing equations,and checking them with charts of other companies.Posters shouldn't waste time with posters who conduct themselves this way.
It's simple,find posters who on average make good calls and share dialogue with them, and posters who act respectfully. .I am not the font of all knowledge,and can only hope to be right more times than i am wrong.Look at my previous posts on the CEY chat page.A fair assessment from me i think regarding CEY.G.L.A.,and don't worry about Boohoo.

S.P. is doing as expected.Surprised at those who bought at 50p looking for a rise.My message is the same as before.
No need to panic or worry.Even leading up to results and after, any fall is to be expected.When we complete the 5 moves going down,then it will start it's next move up.Be patient,people have no idea to the fact that the rise in the past from 157 to 415 was actually a BEAR MARKET RALLY.people talk as if it was a bull move.
It will go up, but not as fast as everybody expects it to.Be patient.

If the last low was 99p,how can it's next leg start here at 107p ?!!!!!!!!!!!!!!!!.Another thing,does the U.S. jobless figures really make that much difference to these shares on a short or long term basis ?.

On the chart we have already started the third wave down,it will bottom and rally up to wave 4, then down to the bottom at wave 5.I haven't calculated the bottom of wave 5 is yet as i'm very busy at the mo.After that it's up and up.
I posted some time ago that we seemed to be starting wave C,comprising of 5 waves.I also said not to top up at 50p +.
My view is the same as it was then.I said that any move down to 38/42p would be an opportunity to add if investors would wish to.I see nothing wrong with this move down as it's correcting the move from 30p to 59p.I defintely wouldn't panic.I reckon i know exactly where we are at.
I reckon on a percentage play basis i'm 80/20 percent sure i have it correct.If u think of it in terms of the "Who wants to be a Millionaire "audience vote, one would be quite confident looking at these percentages that the Audience was right .(Yes i know that 75% of the Audience thought that Captain Oates went down with the Titanic !!!!!,ho hum),but i'll put that down to a blip !!!! on their part that day.
Good luck all,and don't worry.

Could it possibly be that we topped at 50p,and the moves after were an upward running 3 wave correction,of which the move down now from 59p represents the C wave that is yet to complete ?.
OR all the move up since 28th of December is nothing more than a corrective wave ?.Bloody hard to work out.

Yes I agree you are probably right.This is of course the AIM market !!!.I worked on the premise that if i could make sense of the Boo chart every other chart i read i should be a cake-walk,(and normally they are !!).Still it does still make SOME sense,tho ,only SOME sense.
In concentrating on Boo i missed JD Wetherspoon and a few others that i was looking at.I'll have to rearrange my priorities.

And i don't even think he knows where the price is going !!!!!!.I've said it before,a very difficult Share to read !!!!!.
Need some help from other chart followers on here.The s.p. appears to be running out of steam.The only thing left is the correction that appears to have started from the last top.That means a possible bottom of 42p or 38p,then it kicks off again from there.We can only hope that the pattern from the top looks like the beginning of a 5 wave decline.
I defo wouldn't buy at the moment but those that got in at 30 to 40p and want to top up should consider the 38/42p mark.I definitely need some input TA wise from others on here.This is one hell of a share to try and work out.
Please note,I am not at this moment as it stands a Bear of Boo.As i have said i recommend holders to HOLD only at this level and moment in time.

T4G,yes you are correct there are some others that are the same as scb.I only used him as an extreme example and yes he and i think it was moneysponge and some others that i respectfully asked them to explain how they arrived at their opinion.
I cited that i had an open mind and would welcome their input.But i got no reply.I do wish the internet was not like a zoo.It gets in the way of finding and learning things that enable me to crack the market.In six years i have spent hours each day checking math equations and the like,some out of left field,and totally out of the box,or outside if you iike.
I lived through the '73 crash and learned about David Fullers point and figure charts in the City Library in Basinghall Street in the Guildhall in London.When they got out of date the library actually gave me some to keep.
I left it all alone to make enough in the Property market to retire at 44.Now at 74 i am running out of time.Funny that it is only at nearing the end of your life do you work it all out.I'm on the cusp of cracking it all and am setting it all up in doing a trial run to see if it does in practical terms actually works.Unfortunately Markets are slow to move (day trading is the a stupid way to attempt to make money),so this again will take time.
May i suggest to posters that there is no time to waste with "geezers" who post,who waste time with drivel.Put it this way,whatever your age,I'TS LATER THAN YOU THINK.Therefore no time to waste !!!!!!.Let's discuss like gentlemen.We will i'm sure make some money.

Just exactly WHY are you posters out there replying to SCB?.You all seem intelligent. Unlike a lot of people who can't work out that Johnson and Trump should be filtered as well.It's a no brainer !!!! .
I sometimes wait ages for a reply and you indulge HIM ?!!!!!.I filtered him months ago.So all of you do yourselves a favour,and everybody else !!!!!,and let's move on and make some MONEY,not all this sidelining crapola.

Why ?.Thought i might have got a reply to my post as i basically got the call .With all the garbage written on Forums i thought i'd get a comment.
Still trying to link up with those that are smart.I'm anxious to learn,so as i say i'm a bit (well more than a bit) disappointed with the response to my post,or lack of it.Engage ?.

Much Appreciated.

What's the chance of 99p was the bottom,and now we start the 5th Elliott wave up ?.I posted before that i didn't know if 100p was the bounce point,or Naively suggested 90p a possibility ( 90p would have penetrated wave 3,so a stupid suggestion from me).
Hope you guys out there can put me right, as i see that you're very smart and don't tolerate nonsense posters like on Boohoo !!!!.Or for that matter that OTHER site !!!!!!!!!.

S.P. needs to move on up from here.Not so good if it closes below 52p.Fiendishly hard chart to read.
Any chart followers out there have a point of view as to what's happening ?.Give me your take on things.

Could posters be more specific.Retest what lows ?, 30p, 47p, ?.I see a case of it going down but only because it's a corrective move in a Bull market ,( a pullback).It's correcting all the rise from 30p,which as i have posted before, that it could go down to 42p or 38p.
I wouldn't worry because it should then continue it's next move up which should be the longest upmove.
This is not a criticism of posters but a plea more for them to be more specific as to whether they think it's a short term decline or one that is longer and deeper.GLA.