Member Info for pipedreamer

Hi Suf,my name is taken from the 1979 winner of the Royal Hunt Cup,a little horse that I swear could fly [won shedloads]. Robin,where 115 comes from is charting estimates,pure and simple.Like everything all open to be right or wrong.

Well actually not guessing.There's a Bear scenario,and a bull scenario as regards price targets.105 Tesco is what it could have gone to in a bear scenario. You have to set targets for both.This is achieved by ratios in the chart movements.Then by watching carefully you then have to work out when it turns bullish or bearish.Not being a shorter Tesco turned out to be a share that I missed..No bet, no win, but no loss either.If it doesn't reach my target,no problem.The idea is to be right more than you are wrong.

As I have said before, 115 to 120 is where the bounce is.I am not sure if it's the long term bottom,that could be circa 85p.Ok that seems harsh,but it was harsh when I posted 174 as a possible bottom,with a proviso that 123 was a possible low. I reckon when you have given up all hope that the share will ever recover.That's the time to buy.I still wonder whether it's safe or not to invest in this share.Any more lurches in the s.p.,like we had lately [what was it 160 to 138 in one hit?]and I think that it may well be prudent to just leave it alone.

When ?.After it hits 120 or a bit lower.

It's in the Telegraph,and apparently on the BBC at about 11.20.Food for thought at least.Please don't shoot the messenger.

Well,The run up from 176 has been quite good,[or very good !].It's due a correction on the chart.Now this was supposed to take us down to the 190 level and then go up from there.But because of the strength of the rally from 202 [200.6 intraday],the resistance should be a lot higher that 190. Best thing to do is to observe from now on and let it find it's own resistance level.At the moment the S.P. is showing very good strength and anybody holding should be feeling very comfortable.As I say any weakness at this point should give no concern or worry.Only a close below 190 should give cause for any concern,but that seems quite unlikely. Haven't looked in depth at the Amazon supermarket report,will do that later.

Yep,even better a close last Wednesday of 213.6,which retraces nearly all of it's fall from 214.

The S.P. has done well to get up to 212.Theres good strength in this rally,but should go lower short term. Comments please about the news that Amazon has opened a supermarket in Ohio I think,that reportedly has no staff or checkouts !!!!??. I'll check this out further.

Glad to know that they agree with me.Though I posted 25p last week.Maybe they looked at my post!!!???. There still is the problem that at these prices it gets dangerous,with the possibility of a sharp fall,or a sharp rise [takeover ?].As i have said before.if i were a shorter i would't look away from the screen for a second. The same i suppose if you bought these.Whatever your position you need to be very very nimble from here on in.

I will continue to listen to your every word,whether you are negative about a share,or positive.

In answer to your question,yes it's from charts.I haven't looked at it all that much lately,but it's the figure from some time ago,and reaffirmed again a few weeks ago. I'll look a lot more now that it seems to be finally heading down again.Using ratios and other research tricks that I have learned,i have levels as to where a share price should meet significant resistanceI will post more comments as time unfolds,so that I can try and spot the bottom.Here's hoping,fingers crossed.

A brilliant post Kellogs.Your knowledge of charting is light years ahead of mine.I agree about waiting for a clear pattern to emerge,and most importantly,your observation that patience and discipline is absolutely vital if profits are to be made. Just a little story.When I was 16 I found myself in an amusement arcade looking at a machine.It was one that kept on playing even when nobody put any money in.After about 45 mins of watching it iinvested my three penny bit. After about an hour I had turned 6 three penny bits into 33 three penny bits.I only put money in when I thought I was absolutely sure of a payout. Just an example of discipline.Of course these days these machines are computerised,with millions of combinations. I see people writing down the results of the machines these days.God how thick!!.Anyway please keep on with your posts.I reckon we may be just now starting the final leg movement [probably 5 movements] that should take us to around the 120p mark,lowest possibly about 115p.That's my take on it.

Monte,as sufcessex,said he was guessing,i took it that he was guessing.Suf,a gut reaction is an emotional reaction. It is said that one should put emotion to one side when making financial decisions.

Well Suf,fair enough.But what is the guess based on ?. Opinion based on opinion,or opinion based on facts.Something else ?.How did you arrive at these figures ?. Please don't take umbrage,as they are only questions,and I am very interested in everybodys take on Centrica. As regards charts,for those that don't think they serve much purpose,why not consider one to be like a map.You wouldn't go for a walk in the desert without one would you?.

I say again, I did and worked out the Math,and I have TWO instances where It worked very well.So I will take this equation/algo/formula/method,and use this as opposed to any guess based on guesswork. It's the same as working out the true price of gold on a fundamental basis.Do people really think that in 1932 when gold was fixed at 35$ that they "guessed" at the price that it was to be fixed at ?.Or did they use something based on math calculations ?. There is the situation that a new bull market started after the 1987 crash.Time will tell.It still stands that if I keep on checking my updated figures, and the if the Footsie reaches it I will definitely take notice. Nothing in life is guaranteed,but we all look for pointers to base our decisions on.

should read " IT had signalled the 1987 crash "

The thing is,is that my prediction if you like,is not so much based on charts,but actually on basic math.Put it this way.A car will keep on going until it runs out of gas.Same with the stock market. Where did the market run out of gas before?.I did calcs in about 1990 and worked out 6500 rough as the peak [rough because they had switched from the FT 30 to the Footsie].not too bad, as an irregular top took it to 6950.But even better was that i had signalled the 1987 crash. No back-fitting applied,as it had ran out of gas.And it wasn't open to interpretation either.I guess other researchers have discovered this and are keeping quiet. Of course nothing is guaranteed,but I sure know what I will be taking notice of !!!.

Sorry,that should read "as to WHERE the footsie peaks"

Thanks for the reply.Do you agree with me though as to when the Footsie peaks?.Just thought i'd ask. It's nice to get confirmation,or another persons take on it.

I still reckon that a bounce [or long term bottom] comes at around the 120p mark.