Member Info for pipedreamer

Ok lets try and get you to explain your technique.I am the same as you.tho you beat me by 2 years.How do you make your decisions and what are they based on?. You have not explained how you arrive at your decisions.Even if you are using your logic you need to explain,because it's a personal thing. Perhaps you are referring to perception,and base your decisions on that.Maybe you are referring to a "gut feeling",even that can be put into your own words. Whatever you use personally,you need to explain yourself.I only keep on posting,re your posts because you are not really explaining yourself properly. You won't here my "voice"again if you do that.We all on here welcome everybody's point of view.So can you enlarge on your point of view.?.

The Facts are previous closing prices !!!.Well feel free to go out today with a t shirt and not take guidance from the weather forecast. Ok shut your eyes and walk across the road using hearing only.Random Numbers ?.Previos closing prices are random and not facts ?. Feel free to walk across the Desert without a map.It's a GUIDE !!!.What are you going to use ?,the angle of the Sun only ?.Are you suggesting that as it's all a guess,that we should just guess ???. I am about to have dinner as I can't rely upon anything to base how i'm going to eat.I'll take a wild guess and put the food in the hole beneath my nose!!!.

Using Fundamentals and Technical Analysis is not guessing !!!.It is opinions based on FACTS, not an opinion based on an OPINION !!!!. Sure you can get it wrong still,but i'll go with that rather anything else.It's like saying that when you attempt to cross a road,you walk straight across without looking.We do in fact use experience built up from a lifetime of crossing the road,and make a move based on that. The same as using charts to tell us what's the best way to make a profit.Also using Fundamentals,same thing. Yes you can still get run over,and yes people do.But methinks i'll keep my eyes open.You know it makes sense !!!!.

I originally had support at 133 on the chart,[on another BB a guy said 132 today].Having seen the waves down since the recent high,i redid it to 136. It needs to close as you say at 136.But no calc is entirely precise.So I reckon as long as it holds 133 [circa] it should be okay.But it needs to then go higher and not close significantly lower than that. If it fails to hold that then we get a test of 115p.Any close significantly lower than 115p, means next stop 86p. Now as you know we have to impress upon other posters,that this is what the charts are saying,and they can take a different view as is their choice.But they shouldn't "shoot the messenger", it's only an opinion born out of chartwork and we are all open to be wrong [all of us !!!.] . Obviously, I want it to go up from here.But trying to be ahead of the game,and keeping track of all the possibilities is the best way to go I think. Do keep us all abreast of all your points of view about Centrica,and any other shares you think we should be looking at!!!.

Support is at 136,that's gone at the mo,but 133p should be lowest support level. Big worry is the Dow.Will it drag everybody down if the Dow tanks ?.Dow is at a crucial stage.Let's see what happens.

Kellogs is right,and watch has to be kept on the bigger chart (picture) There is a chance that it is not the bottom long term.I think ithat it probably is,but are the yanks going to spoil the party?.till then be alert.

As the Dow may pull everything down short term,it seems possible that 136 may be reached easily. The latest calculation comes out at 136 so hope it gets there. Then comes the next move up.I'm a bit surprised that some posters thought that it wouldn't come back down this far. As I said before sit back and enjoy and expect dips along the way. I see that Kellogs has been giving out more gems.Good advice. Best policy I think is to trade,set your target price that you would sell for a profit?and set the price that you would sell at a loss. it's disciplined and takes out emotion that will scupper all chance of making profit long term.IMHO.

I hope you are correct.A basic Elliott wave calculation gets a 133p support level. I would rather look to get in at your 136 level that wait for 133!!!. Forget Ken and keep posting.Are there any other shares that you think are near the bottom?. Do you have an opinion about my two, B T. and M&S. ?.

Thanks George, keep looking on here.I will have some bottom picks (hopefully) in the future,and hope for posters opinions and help from them.

Don't be hard on Kellogs.He may decide not to post and then we will all lose out. He comes up with the same figures as me,so I need his opinion to confirm or to alert me to any of my misreading of charts. How about BT did it bottom at 225 ?.or M&S at 286 I know it's not for this BB, but I need confirmation, from anybody.Especially Kellogs !!!!!!!!!!!!.

What I meant was as everybody's bought there will be pauses and pull backs and not to worry if they happen. I wasn't suggesting that people wait for a pullback to invest as i'm sure everyone on here has already invested. Hope this clears things up a little,if you are a long term investor sit back and enjoy the ride.

OK back on a different track.as Kellogs says patience.people are getting carried away at the moment. Gently does it,pull backs will happen.

I think the word you are looking for is Perception. By the time the nuns and the holy orderby of brothers were finished with me I thought I was useless. My workplace had nearly 500 people many punters who couldn't like me understand how I could pick big winners. Answer, it must be perception.It does surprise me that it seems on BB's that many cannot recognise that many charts have the same pattern,although of varying lengths (chaos theory ?). So you see your gut feeling is the same as perception that you have inbuilt in you built up over years of taking everything in. Grand National in 2 months,Gross ?,or do we have to add a pair of those well known golfing trousers ? Stuum .Sorry I couldn't resist.

I agree with everything that you say.TA is OK but as you say you need the fundamentals as well for a complete picture. That's why I read the posts on here,as i'm not savvy in reading fundamentals.The SP is on the rise and looking good.I hope we all make money. On a different note,I have had an opinion for a few years now that inflation will move up sharply sometime,soon I think,but maybe not until the footsie peaks in what ?, 2 years time ?. Considering the Gold aspects.Opinions welcome if you find the time.If not leave it for another time. Footsie shares should move up from here,just hope that the Dow doesn't spoil the party.

Well yes Jack I tried to do an updated possibility The other day.That'so why I said that honours go to Kellogs if 124 was the bottom,even though like me he had before posted a possible115p low as well. I have missed all the buying ops from 172 to 124,so that ain't too bad.Surely you are not asking for perfection ?. It's still not resolved as to whether the bottom has been reached or not.That's why confirmation is required. All I can say is sorry Jack, I apologise !!!!.

Looks very promising.chart holding up well 123p low was what I postedl when it went through 172p last year,hope 124p was the low Just a question of waiting for confirmation. Remember if it was the bottom,Kellogs called it first.quite a feat.

We are right at the point on the chart where it could either start a third wave down of hopefully the last of the 5 waves dowe (and that's where it bottoms out),or 124 was the bottom and it gets over and beyond 130. Surely some clue will come anytime today. Intense scrutiny is the order of the day.Bye the bye, a fall to 128 today wouldn't be a problem. Below that would give cause for a bit of a concern. Quite frankly I would leave it Kellogs to inform all of us as to what's going on.

My prediction on Dow turning at 25400 may be proved correct.We will have to see come next week. Price action.Yes,remember when results come out,if the SP. goes up they then report that it went up because of "news well received by investors". If it goes down they say it was because of resuits "not well received by investors." Or in other words, "the news follows the stock market,the stock market doesn't follow the news".

As the Dow Jones could peak at 25400,it's next move down could signal the next move down in Centrica's share price. Then we should see a bottom of the Dow Jones of around 21490.At that point it could well coincide with the bottom of Centrica's share price. That's a likely scenario,so we need to observe closely.

We can all only each of us, make decisions , based on what we do best personally. Good luck.