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DC2007.I believe i asked you this question before,and got no reply.As you say quite rightly we are in for a dreadful winter.
But how do we know if those facts have,or haven't been discounted in the S.P. ?.
Do you have take on your opinion based on T.A.,If so please give us a rundown on your analysis.I always welcome a different view as long as reasoning is detailed enough to understand and appreciate it.
Thanking you in advance for your reply,looking forward to you enlarging on your opinion.
Can we try and get away from the usual stuff of back anf for insults)and get back to the important thing,that is analysing the S.P.
The fundamentals are ok,but more needs to be said as regards where posters think the S.P. is going and why.
Talk of returns policy is ok,but suffice to say that it costs somebody well over £2 to drive to a mall and return something that doesn't fit,as well as time.So no problem there.
Anyway,more about the S.P. please.
T4G agree about possible manipulation.Looks like at support levels being triggered.It's a bumpy ride.One poster says after a good rise yesterday it's dropping.Well after any good rise ,the next day it comes back a little and as i post it's alreasdy recovering.With looking at waves,you sometimes need to wait to see a clearer picture emerge.It's never easy making money so it's never easy to analyse.
I guess that if markets went up and down in straight lines everybody would be making money.So things are always complex.I thank all posters for there comments and recommendations,much appreciated.I have changed my opinion from "no opinion" to "hold".I think it warrants it as i have now found out that certain things are allowable.I's not a stonking buy signal,but more of a "steady as she goes"recommendation,meaning we are still in the game going the right way,just need to get a bit clear of this area where we are in now.GLA.
Well the wave theory belongs as you know to R.N. Elliott.I do agree that one has to look at all things in making investment decisions.
Best of course is to DYOR.
Peoplepower,as regards moving averages,does it not happen that by the time you have confirmation,is it not by then a little bit too late to get on ?.Sure it may be a good maxim,but let's say it's better to get on at 50p rather than 70p ?.I'd prefer something that pinpoints the bottom earlier.But a useful tool none the less.
T4G,the thing is,is that we are not looking for a 3 wave movement,but a 5 wave up movement,and it's looking more like a 3 wave corrective movement seems to be forming.Which unfortunately means that the S.P. wil go lower than 51p.
It's not completely 100% positive that this will happen,it's just that it's a 60/40 chance that it will go lower than 51p.
Being as i am invested in Boohoo,leaves me in a quandry.Rules of T.A. state what SHOULD happen.i will go and look and read again to see if it actually says that what has happened lately on the chart, MUST not happen.A big difference !!!.
So the next week or so must be studied very carefully.What happens in that time period is VERY important.
I shall pour through my books and see what i can find.So until then,fingers (legs!!!)crossed.GLA.
T4G,i did ask DC 2007,last week i think it was.As yet he hasn't replied to me.
I can see your reasons for buying at 62p.But what about the penetration of the 59.8p mark to 59.02 ?.This penetration is surely not allowable T.A. wise ?.
I am not an expert on wave movement,but is a move like this allowable ?.Otherwise there is no other conclusion to arrive at than,the rise from 51.42 and the fall to 59.02 (intra day 57.79) is no more than a rally in a bear market !?.Meaning that is now forming a 3 wave corrective move ?.(having just finished the second wave at 57.79).
I would love to hear your take on this and convince me otherwise.I really didn't want to come up with this conclusion that i have arrived at ,as i am invested .So thanking you in advance for your reply.
The USA CPI,is of minor importance right now.All eyes should be on the S.P.,as it's at a point where it can SERIOUSLY end up going skyward or sink !!!!!.
COMMENTS PLEASE,AND AS ALWAYS,GIVE REASONS FOR ANY OPINIONS THAT YOU POST.
DO YOU WANT TO MAKE A COMMENT ABOUT THE S.P. MOVEMENTS ??!!!!.FORGET ABOUT POSTING ABOUT "FASHION",WHAT'S YOUR OPINION ABOUT THE PRICE RANGE THAT YOU HAD ?.
WHAT IS YOUR ANALYSIS BASED ON ?.IF IT'S T.A.,GIVE US YOUR RUNDOWN ON WHAT'S HAPPENING NOW,AND WHAT HAS HAPPENED LEADING UP TO IT.
IN ADVANCE OF YOUR REPLY,THANKS AND MUCH APPRECIATED.
Agree,but the moment of truth is here.Hold your breath !!!!!!!!!,and pray.
...........the stock market doesn't follow the news.Meaning if after Q2 the S.P. goes up ,they'll say,"the results were better than expected".If the S.P. goes down,they'll say,"the results were disappointing".The reasons for a up or down move always come AFTER a set of results.
About circa 64p.Doesn't matter much ,as it's going up afterwards anyway.
Looks as if circa 59p was the low point (the bounce).The S.P.is now doing everything it's supposed to do.
I had a go yesterday at predicting the bounce point, re the S.P..I had three goes at it ,then later i agreed with T4G that it was probably going to 58.5, so therefore,too hard to do.
One of my three earlier figures that i posted was 59.8.Late yesterday it bounced once off 59.90 and then once again off 59.80.I feel quite happy with that ,and i'm looking forward to the months ahead with a certain amount of confidence.
Are you talking about circa 44p ?.End of September seems too early for it to get to where you say.It would need a sharp
decline in that timespan.Do you use charts ?,and if so do you base it on reading that there is one more down leg to go.
You give reasons (Inlation etc.) for your opinion.But is what you say, best described as, known facts ?.How are we to know if that info is discounted in the Share price or not ?, and how do we find out if it is or not ?.
The S.P.is still on track,but although it will go slightly higher than 64p,i should be followed by a "small" drop.
It then needs to get moving from then on,and get clear of 64p.
Yeah looks as if it'll go to 58.5.Hard to do the miniscule !!! atm agree.
I'll try again re the "bounce".I have 60.8p, 60.034p,and 59.8p,let's see what happens.I'm not a day trader,but i like to follow things closely sometimes.
I don't like doing short-term predictions,as i look mainly at the long term.It could,i say COULD bounce at the 65.2 to 65.5 mark,and possibly not go any lower than 65.2p.
Short term calcs are not always reliable,and it only means that the shape on the card gets bigger and you have to redo the calculation.
BUT,it is still holding it's shape and it's still looking ok and on trend to go higher.A Bull rides a wall of worry (worrying that it's going to keep going down ),that's the way it goes.But i wouldn't worry at all at he moment.The shre price on the chart has shown no sign of running out of steam and curling over.Fingers crossed and GLA.
Keep us informed about the 50ma,and when it closes above .