Member Info for pipedreamer

Hello BV, "the second wave"?,are you referring to the accepted notion of third Elliott wave ?, (which is the longest).
if so I agree with you entirely.i don't think people have appreciated the seriousness of the situation.
Where leadership has been needed,we have been given vague unclear instructions from our leaders,(advice even).
All we get is REACTIVE action ,instead of PROACTIVE action.
God help us all with this lot in charge.They are already getting ready to point the finger elsewhere,e.g,("people didn't listen to our advice"),if it goes pear shaped.The problem with the Market is that investors are looking over and into the abyss,but can't see where the bottom is,and that scares them.
So the old maxim is true, "The market hates uncertainty",and thus...………..

The chart pattern is still holding so far,so still in with a chance of furher highs.But as we know the S.P. has gone sideways before ,only to break down.So it needs to be watched carefully from now on.

Always remember,the markets hate uncertainty,uncertainty disappears,markets go up.
Although the s.p. has fallen back since the high this morning,followers of charts can see a positive pattern that gives hope.
So it's all eyes on the future and steady as it goes is the hope for all holders of this share.
Who on here are still in ?.

Yes it seems that the s.p. has a long way to go before we see whether a bottom has been reached.Creating some sort of base pattern at least would need to happen for any confidence to gain hold.
Do you Hi Hi have a high success rate based on fundamentals?.
If so I will post,on here my choices,as and when the time is right.So you and any other posters who are confident of their performance can collaborate with me if you all so wish.
Could be interesting.Big business merge with each other and share their knowledge.But ordinary investors never seem to get together to form an unbeatable coalition.Odd,strange,and a waste of good opportunities to make money.
To draw a comparison.A footy team is made up of defenders ,midfield players and forwards,and of course,a goalkepper.
A private investor seems to want to succeed by playing all the playing positions himself.Ridiculous.!!!.
Anybody fancy a change ?.

Haven't been on here for a while,last post I posted that a bounce looked likely off 63p?.It looks as if it could be a breakout tho time period is slightly skewed.If it goes sideways from here the important thing will be when it goes x divi,and the pullback and how it looks on the chart.
I see that fundamentalists disagree on here.Being a chartist,i have been looking for a good reader of the fundamentals,as my low predictions of ITV at 103 and Dunelm at 484,and Travis Perkins at 970,were very good (YES,obviously i do get some wrong !!!!!).
But where do I find a good picker based on Fundamentals?.
We would make a very interesting and profitable match!!?.

Looks like my bounce at circa 63p,turned out to be a bounce at actually 64.58p.The rally seems to have come to an end,(tho there could be some false dips still),and we are heading down again soon.
Seems it could well be the final move down.But what sort of bounce will happen?.Sustained or short lived?.
Can any up move be trusted as regards to leading to any sustained worthwhile punt?.
Yes,difficult and although a nice bounce could happen,is it too risky at these levels?.
Look elsewhere?.

Sorry,no insult intended,just reminding those that don't know,and from your posts,you are certainly not one of them.Once again apologies.

I'm surprised at you.You know that emotion should play no part in investment decisions.Basically it's all down to math,the calculations of a buy point that is.
Sure,if a bid appears for a company,or something unknown comes from out of left field it can screw with the math,and all bets are off.But I put my trust in TA,at least It gave me no desire to buy anywhere between 170 and 130,and in the end 135 to 85.Yes this share is a dog,but the only chance left of making money in it is if it can bounce off circa 45p.
Even then,it would be a risk.If you did buy and it racked up a 20% bounce i'd sell up.

Coming to the end of the corrective move.Some false starts then it starts it's next move down.Thanking you all for engaging me in your replies in advance,so many at times I can hardly reply to them all.

Don't even think a rally is going to happen at 63p.If it does,not worth a punt,not much of a rally.
We are right in the middle of a down move.No reason to participate,just sit back and observe.Things will become clearer.

Why don't investors look at the long term chart ,and look at the fall from 402p.Imagine its the flight path of a plane that gets into trouble..The rallies are where the pilot attempted to pull out of the dive,and the peaks are where the plane's engine cut out again.
Draw a line connecting the peaks,then do the same with the lows.Question.Does this plane look as if it's going to pull out of the dive anytime soon ?.answer,no.Why not wait until at lest it starts rallying and at least stars to track sideways,giving at least the impression that it might pull out of the dive.
One thing to note,WE ARE GETTING VERY CLOSE TO THE GROUND !!!!!!!!.Sorry to explain things this way but some on here lack the basics.Buy if you must,but better to miss the first 10 % rise,(that way it would give you some confidence at least to invest).At least wait until it forms some sort of base.

It shocks me as to some of the comments on here as to how large a commitment some people have made in these Shares
.Best policy always is to put only 2% of your bank for buying shares in any ONE company.It's a tried and tested formula that they have come up with time and time again after giving prospective Fund managers and the like,dummy money to invest how they like.They tended to invest too much on the duff shares and too little on the good performing shares switching and yo-yo ing in strategies and getting in a right mess.
So the saying "never put your eggs in one basket,"has obviously hundreds of years of anecdotal evidence backing it up.
If you are right more times than you are wrong,you should do alright.Technical analysis will give you entry and exit points to consider,and if you buy and it goes down more (10% stop loss),sell ,swallow the loss and move on.That way you never ride any share all the way to the bottom.
Another good idea is not to buy a share that has trebled or quadrupled in the last 3 years or more,asking for trouble,do you not think ?.

If there is no good news on the horizon that is likely to be announced,i would tread warily.We are in the middle of a down
wave,.Yes there will be some ups,and it's hard to do the daily movements.
But, sudden down moves are set to happen shortly,and it's going to get very hairy.Getting short term moves correct could be disastrous.
Anyway,just my opinion,based on math of course.This share is not for the faint-hearted.

I came on here when it was 172,and said that if it didn't hold,123 was the next possible bottom.It bounced off 124 then up to 163.
I said when it then came down to 136 that it was heading down and 85 ish was the next stopping point,confirmation from Kelloggs cheered me up.Having dipped in at 88 I sold at a loss last week.
A small bounce off 63 is possible,But the preffered next stop is circa 43p.My understanding of the Elliot wave supports these figures.But the understanding of extension waves is very tricky for me,so between now and 43p is going to be hard to read.It can pull up short, and egg on face is possible with these figures.But it is better to have a map when trying to read these things.Better to know what is likely to happen rather than stumbling around in the dark,and there has been a lot of stumbling regarding this share !!!!.In the end me included !!.
seriously,i hope i am wrong and that all those still in, rejoice in the future with a rise.But with my understanding of price action et al,this is not for me anymore.

Totally agree.Look elsewhere,this is a dog,with possibly no bottom.Unless you include zero.

Possible bounce off circa 63p.But probably a dead cat bounce.Nothing is impossible with this share !!.

Actually no,a fall.If we don't get a rounded bottom,and a more sideways move,this could go below 110.Depends on the length of the fall.First wave was a lot longer than it should have been.So it doesn't auger well.
But i'm sure all of us will monitor the moves closely.Timespans need to be looked at also to see what sort of scenario is going to happen.
Anyway that's how I see it.Like everybody else I can be wrong.But considering some of my calcs in the last few years,i can be optimistic,tho not (and never !!) ****y about it.

Wave 3 starting sometime very soon.

He said,"Capitalism can only exist in moving markets".And therefore opportunities arise.

You are a very canny, and a smart fellow.Agree with you on your buy points that you have listed.Do you have one for Vod ?.
I agree with you entirely,the market HATES uncertainty.I lived through the 73/74 crash,and know exactly what you mean !!!!.
Keep up the posts.I shall be reading them avidly,and suggest that other posters on here do likewise.