Member Info for pipedreamer

It has already hit 36p and it may go a tiny bit lower. This is what to expect, but it's a smaller move so it's just for monitoring.

If it doesn't hold then we work out the next scenario. It does look as if the resumption of the bull market started again at 33p.GLA.

Just to explain,1972 came 43 years after the 1929 Crash.

As per my post the other year explaining the 42 year /86 year cycle where a war or major event that takes out all the excess/bubbles in markets. I cited the 86 year gap between Tulip mania and the South Sea Bubble, and the 42 year (halfway ) peak in 1972 which was followed by the index losing 73%. It can even be seen in two extremely bad Financial collapses in the Roman times, the gap in years was the same.

In 2025 we will be 86 years from the outbreak of 1939. History doesn't repeat itself, People do. Which one's Hitler and which one is Mussolini ?. One major player WILL be fairly obvious, with his fans looking very similar to those in the Nuremberg Rally!!!!.Of course for this to happen ,institutions will have failed us ,and we will have little trust in those we SHOULD trust. Nothing will seem to work. Obvious ain't it.

It's only strange if you look at all the news about Boo lately. Why was the exit seen as positive ?.Could have been seen as NEGATIVE. Price action explains it all.

I posted that something was going on when i posted on here at 35.14. yesterday.

Seemed like a given that anywhere around 33p was a good buy. Trying to be so exact as to when we get a bottom, is a very hard call. It has always though been about numbers. I do hope that LT holders bought lately and also before when it was around 30p. It was always a dodgy call, but those who tried to improve their buying average are doing better than they were.

The rise has been so steep that it's difficult to read as to where the top is, before we see a pullback.42p comes to mind, as a pause ( pullback), i believe that some other poster said 42p as well ?. Nevertheless that will be of interest to short-term traders only, and i wouldn't bet money on it. i believe that those that bought between 30/40p will not be interested in selling, which i think is correct as per my "Hold " opinion.

This rise has been a classic case where the "chatter" and "noise" gave little indication that such a rise was going to happen. Screw so called Fundamentals, price action reigns!!!!!!!!!. Supply and demand!!.GLA

Mass exit at Boo, and the price goes up!!!! Take this on board. If the S.P. had collapsed, the media would have cited the exiting at Boo as the reason for a fall. Tomorrow's news will read that "the market saw it as positive step to start afresh, which was welcomed by investors". So, doesn't price action trump any attempt to read fundamentals ?. Remember, Fundamentals were championed by posters on here all the way down from 415p.

Every attempt by traders to start a down move recently has been scuppered spectacularly. There are buyers coming in that seem to be not worried by the shorters or any negative TU news. This could well be M.A and co. buying. They seem to be buying in anticipation of a big move. The bringing in of new talent, especially considering what they are known for doing, could well mean the the shorters are taking fright. They are playing a dangerous game. It seems that there are two camps and one of them is going to end up losing out badly!!!??. We shall see .GLA.

I do work on shares that are coming down from there highs and are in a bear phase ,and are plotting support levels that are possible long term bottoms. This takes a lot of doing, as i tried putting in share alerts but that take an eternity.

I have something like 30 to 50 shares that i monitor, and that takes time,, which in turn takes me away from precious research.

I have around 30 equations that i do to work out the support predictions. As i say it takes an eternity and i have missed some bottoms that happened due to lack of time to check. Which is very frustrating!!!.

I did mention once before that i am using Boo as practice. As i reckon that if i can read FAIRLY successfully the moves on Boo, which is a nightmare stock to read chart-wise, then i'll be better at the easier ones. Let me tell you other shares are a lot easier to read than this one!!!.

If anybody wants my take on a share i will have a quick look, if you think they have or are near their bottom. I did mention i think some other shares, but was quickly curtly told that this was the BOO site.

Some on here are trying to make money. Discuss things that are relevant .

Before the bounce that is!!. An attempt is being made to finally make a leg down. Looks ok so far. I'll keep monitoring it.

So far so good, then we can then see a positive move up when the pattern is finished,(emphasis on the WHEN ).

Third time it's bounced off very low 33's. Pattern now forming (or trying very hard to).Extremely likely it's going to 32p or slightly lower. There is always the chance of an extension to the move that will dive it lower still. But calcs will reveal how low it's going re the bottom (before the resumption of the Boo Bull market ), (hopefully!!).

Too early to forecast, but it's possible that the last move down is happening. I'll keep watching. With all that's going on in the world, and with shorters and no update, this is going to be hard to forecast fundamental wise. Let's hope the chart can help us to see through the fog.

Thank you all for your comments especially Level5 and PDS2023. So much work to do on various shares, and that coupled with doing one's own research that is out there in left field, leaves me with only time to do Boo as regards the Elliott wave.

I am not an expert at it, (well i didn't think so!!),but on looking at the 1 minute chart, there is no evidence that an up move since 33.00 has the right shape that qualifies it as the start of a Bull market YET (early moves are extremely tricky on a 1 minute chart). Looking back from the last top on the 15th it appears that we have one more down move to go. Whether an extension will happen that will drive it down to test 27.77 we will have to see .An ordinary move down will take us to a 32.00p real bottom.

It's still too early to make a definitive prediction. But a sit watch and wait for the moment is what i advise, until things become clearer.

Nice spike down to 33.00p.I said it would bounce off "33.00p",and it has.Where we go from here will depend on the shape of the up move.

Perhaps now posters would like to engage me in conversation ?.I came on here to learn from other posters. All i read on here is petty arguments about "chatter", which ends up with posters saying " £1 by Christmas, "topped up at 40p"etc, and all WRONG.

I had Hexam tell me that TA was twaddle, even though he had never researched the subject. I then read later him saying that charts work for short term trading. Where did he get that from ?.For as he said, that he had never researched the subject and that charts were "twaddle".

Fat lot of chance of me learning on here, as lots of knowledge abound about Fundamentals,(balance sheet reading et al ),

but absolutely very little as to getting the direction of the S.P. right. Comments anyone before i think about leaving this site ?.I don't want to ,but all i read is stuff that doesn't seem to matter a jot as to what the S.P. is doing.

I have been on here since 200p,i was on here when it bottomed at 140p after it topped out at 266p (2018 circa ?).I had the bottom then down as 135p and posted so.

So you see i would like to interact, but i get very few comments on here, and i have no idea why so many posters would want to engage that have a track record of being so terrifyingly WRONG.

So comments ANYBODY ?.

The s.p hit 33.21,and the rise curled over and penetrated previous top, meaning the attempt to get something moving bull wise failed. It didn't fall below 33.08 anyway so was doomed to fail. Sorry Level5 but we are in the waffling 33's again (sorry couldn't resist that, we all make mistakes and so do i!!!).Hard to tell if it bounces off 32.00p whether it will move up in a bullish pattern, thus signaling that the Bear interuption has finished.

The problem is that the corrections on the way down lately have had lower highs when it should have had higher highs.

This gives us the running corrections that signal bad weakness in the S.P. So one needs to sit on one's hands and maybe wait and see if any up move resembles the correct pattern. Yes you would have missed the turn, but probably will get on lower than if you jumped in too early.

It's difficult to know whether a pattern has finished or whether we get an extension. Those sort of calculations are beyond me and most people. Reading this share has been a nightmare with so many false dawns. I am watching it carefully, and looking to see if it bounces off 32.00p initially, and see if the pattern holds on the way up. If it fails to hold then 27.77p looks possible, BUT close scrutiny and updating of the price should tell all as to what to expect.

(hopefully!!!!).GLA.

It never did reach 36.68,never mind the correction down was coming, ("looks like it's going to have another bite at 33.00p ") and so it looks as if it is going to happen. Lets hope when it does it resumes the Bull Market.

Lot of confusion about the TU. You would think with all the mobile devices and the internet, things would be clear. But there again we are living in a lunatic world.

We may get a technical top of circa 36.68 before it shows weakness again. It will need some really good news in the TU for it to really start motoring. It could initially fall on the update news and then bounce on 32p or a retest of 27.77p,then continue it's resumption of a Bull market.

Is that the technical algo said bounce coming at 33/32p, it hit low 33p and has risen. That is all one needed to know as to what to do. All the rest is noise and chatter getting in the way of what is important.

The need now is to see if a technical dip to 32p is on the cards. It certainly looks as if it's going to happen before the resumption of the Bull market that started 0n October the 3rd. The bounce up from 33p has a wrong pattern as far as i can see,so i think we will need to wait.

All assessments can be scuppered when there are really serious things going on in the world. Covid negated any share pattern you could have looked at when it hit. So really bad stuff going on now in Gaza/Suez et al can mess up all our calculations.

If something really bad happens (an escalation ) world markets could take fright, and it wouldn't matter what share you were in. This happened in '73 when the oil crisis really hit home. So be aware and watch the chart carefully. GLA.

Even though the bounce up has been welcome, it doesn't look right at all. So a test of 32.00p is on i reckon. Still slanting downwards instead of upwards these moves. Those underwater may top up at 32p, but it's not giving cause for much hope.

Everyone expecting a rally, but no sign that it will be fireworks, unless shorters have got it all wrong.

But like Ocado, they CAN get it badly wrong, so fingers and toes crossed.

I see it bounced off the 33.00p support that i had, now we look to see if 32.00p is tested. Shorters seem to have things well sussed, but a bit dangerous one would think at this level ?. Shorts went up on Jan 8th, a bit low to short methinks, so do they know something ?. Certainly the rallies have been very weak, and the selling into the rallies smacks of real confidence on their part.

Maybe they are just trying to shake out weak holders ?. Will we get a retest of 27.77 ?. Seems as if we will get our answer come update day. Any take on this you posters out there ?. Price-wise specific i mean ?.