Member Info for pipedreamer

Hi all,i posted when the price was 172,on the way down,and said that it was a support level,and if it didn't hold that the next stop was 123p.Nearer to 130 I posted that 115 was a possible extent of the down move.
Another poster,[I forget his name],said virtually the same,but gave the next stop if 123 didn't hold as 86p.which was good because I had that price as well.
The thing is,is the rise since 124p merely a correction,or was it the bottom ?.This is a hard call.It does have a lot of characteristics of a correction move,but we know it can all be wrong.
As i said in my post the other week,the S.P. is reaching a moment of truth time.It could well result in a sharp move up or down,as tthe Bulls or the Bears capitulate.
I'm not very happy about the look of the chart,and am trying to see some possitivity.But i feel that we just have to sit back and see who gains the upper hand.If some of you believe it's ripe for a takeover,surely one will come well before it gets anywhere near 86p ?.
As i see it there is just a chance of one more move down,how big if it comes i don't know,we'll just have to wait and see.

Important moment for Centrica S.P.,it needs to bounce up off 149 circa for things to look better,comments please.

If you basically draw a line connecting the highs of 402.2 in 2013 and 234 in 2017,the latest high hits the line and therefore we now have weakness.It needs to go up and penetrate the line [top of the channel ] and stay there.
So as I said before ,this is a crucial moment for the s.p.Strong nerves needed if you are a holder.

Haven't been on here for a while.Everybody agree that the s.p.needs to get above previous high and stay there ?.
Base build at 160 would still be ok,as long as it then started to go up,even slowly.
Any weakness at this point [sudden 3/4 p drops],would not be a good sign.
Another moment of truth time is upon us.Let's all hope,and fingers crossed.

Technically a bounce is taking place,[or about to take place soon],this will look quite good.But unfortunately I will only be a good chance to get out. I'll be getting back in later,i have it set out already.Sorry for all those that have lost money so far,but an average down should pay dividends.Wait for a base going sideways,so that it shows that the fall from �5 is starting to level out at least.

yep,looking at too many shares!!!

there should be support at 129/130p,will it be a dead cat bounce?.All charts are still positive even tho it failed to break through resistance level. Any fall down through 218 would be bad.Charts are ok,but it's the fundamentals that we have to worry about as well. Don't get depressed about it yet,let's see what happens.Needs watching very closely.It may still form a base and take a run up and test the resistance level again,tho this may take a while to accomplish.

Maybe it's because it hit the top of the channel on the chart,and went down.Which it did and hey presto more sellers than buyers. Maybe it was time for the short term traders that bought at circa 220 to take a profit hoping to buy back again later. Makes sense.

I see everybody thinks the same way as me.Now I know I was right.Great to get confirmation from my peers. More than miffed that i had bottoms of 222 for BT,and 135 for Boohoo,and didn't get on. Is it alright if we mention other shares?.I see some mention other ones on here,albeit briefly.Nice to get confirmation anyway as regards Centrica. Am setting up a few others for a buy sometime,so lets all keep in touch.

Tried to get on at 1330,only went to 1377,What's the next chart support here ?.Long term with inflation going to rip in circa 2 years time,this is one to be in big time. Any help welcome

We are getting there,just wish it would make a break up.Punch up still going on between bulls and bears,just need to go higher so that XD won't push it back through the resistance. Honestly not sure what's going to happen.I just hope it all ends up positive chart-wise.

The danger is that if we don't get high enough,when it goes xd it will go back through the level. Which is not a total disaster as it can break up through again and keep on bouncing up and down through it and THEN break decisively through. As with a lot of shares there is a make or break moment,a moment of truth,where the bulls or bears gain the upper hand.It needs watching carefully.

Hi,i had a look last week at Sagas chart as it was tipped in one of Sundays papers.A quick look said that 108 could have been the bottom,with a possible of 92 also. As it is now 129,i guess that 109 was probably the bottom,and I missed it.I seem to be watching too few shares and miss opportunities.

I see some questions on here about the current resistance point. If you look or print off the chart, you can see that you can draw a line acroos the top of points147.7 on Dec 5th,146.15 on Jan5th,144.15 on Feb 28th,and 143.3 on April 9th. This gives a better view of the action that's happening around this moment in time.It has gone through the line and needs to push up and hopefully it doesn't fall back through the line.Nice if it was to continue to hold where it is or creep higher,where it would be nicely placed to go clear of the line that you have drawn. Hope this is of help,and puts it all in perspective.

So you have knowledge of it,you should have said,i did ask how you found it.Be specific about its failings. Resistance points,since it's high there has been only one,221.Depends if you know the subject.There are Chartists and there are Chartists.I find the MAJOR resistance point,not all the many minor ones which give you about 50 buy points on the way down,which is far too many.

Oh dear,it would take a long time to explain.Well bear with me and perhaps we will see what happens to BT. If what you say works for you,fine.But Would you not agree that you are making an unqualified statement. I.E.you have not researched the subject. Anyway good luck to you and all your investment decisions.

What was your verdict on Technical Analysis when you researched the subject.,and what was a common failure in your opinion.

Agree with you about BT, and Centrica as everybody says needs to break through resistance here.Good even if it forms a base just below and then it would lesser the chance of a a fall,and would then be better placed to punch through it from there. Not sure about M & S though,had 286 as a big support level,next stops much lower,But DON'T let me put you off. I HAVE been wrong sometimes.I passed on them, and at the moment am glad I did. You pays your money and you takes your choice.

Although you can do hours,days even months researching a share, Fundamentally and technicallly [charts], ,nothing can account for the Unknowns that can happen with a company. Nobody can for see for instance if somebodys been cooking the books or something underhand has been going on. [No suggestion at all that this has be going on at BT!!].In that sense it's a gamble. I know very little about the Fundamental aspect of shares,but it seems that when all views are in regarding a certain share ,you can generally see that the views are 50% positive and 50% negative.So not a lot of help there !!. I have found that Charts are a better way of predicting a shares future direction. Using Math and doing the technical analysis you come up with major support levels,sometimes like Centrica they can be wide apart,they were basically 172p,123p and an exteremely almost worst case scenario of 85p [All roughly in those areas.] So the support levels are not close together,which is good.The same with BT. I personally believe that charts are the way.But if it goes wrong people rubbish charts even when the shares tank because something unforeseeable BY ANYBODY happens [Tesco being a Classic example,who knew they were using unorthodox accounting systems !!!. So there it is.It's a gamble ?.I'd like to call it a carefully calculated investment [a gamble is gambling on two flys crawling up a wall],so we all have to then decide for ourselves what to Do.

Fruitster,i agree,fingers crossed