Member Info for taskmaster

Worst case £5 today ~ think that's S3 from memory, short term could slip back to mid 480s on weak divergence........Tempted to short copper myself, chart contradicts recovery story/reality.... will see. Assume you're using MT4/5 for you index analysis ? ATB

http://www.aviva.com/media/news/item/uk-aviva-uk-insurance-announcement-17736/

Hott, know exactly where you're coming from. Brave shorting the Dow ! Majorly turn it surely will, but when ? wouldn't know where to put my stop up there !

Overcooked......... that's Trumps complexion you're referring to I assume. Well it's toppy alright ( ftse ), think I have to wait for any topple........ history repeats, doesn't it ? Well done on the recent trade Hott ~ don't forget 'cash' is a position too ! hole, burning, pocket etc !

Blimey, you're covered again there ........was hoping for a solid prediction :--) Yes as you say not 'technically fib ratios' however many charts use 50% in their fib tool . I tend to look for recovery situations... AV could consolodate for a while, so happy to sit on the side atm. GL Hott Stockcharts.com............. many traders also like using the 50% and 78.6% levels. The 50% retracement level is not really a Fibonacci ratio, but it is used because of the overwhelming tendency for an asset to continue in a certain direction once it completes a 50% retracement http://s3.amazonaws.com/babypips-media-production/images/2016/05/grade3-fibonacci-retracement-uptrend-end2.png

Spikeyj, there's major resistance around £5.22 then weaker at £6.03 (50% and 61% fibonacci levels) Be interested to see Hott's detailed take. IMHO

Hott, been busy elsewhere ploughing my profits back in :o[ somebody's gotta do it. At least CNA are obeying the rules ! looks like I'm getting my coat on the AV forecast, still, theres the little matter of the rising wedge, never say never. dyor

Hott, the Tea leaf approach works as a back up. That's a stubborn £5 resistance, Bit worried about a shooting star at this point. GL

Grayling, if you find out can you let me know :--) ....... to me this still lacks momentum........ risking more egg on face of course. Has to close above 494 for more Hott balloons I recon..........it's all probability and interpretation that's the beauty of it. dyor

Looks like 238 picks it up for a test of 260 the 100ma.... this could struggle in my opinion and if so, there's little support until 205.

Two lower lows, two lower highs and a right shoulder add a dash of trump to taste........ Maybe sideways here on in ~ but a close below 467 points to 450 support area. Hott....... that Dow short should be doing well now ? dyor

Hott, indeed it's all a bit crazy at the moment with the Trump effect ~ uncharted territory for sure, gotta keep a close eye on it !..... I hope he stays clear of the Grassy knoll anyway. Noticed your Gog Magog chat over on itv........interesting stuff isn't it ? well more weird really........... still working on the handshake ;--) atb...

I see no ships - have to say, it still looks quite bearish to me ;o( Not invested here myself atm. DYOR

Hott u sure ? I'm still seeing 445- 450 support, maybe a v small right shoulder before, that's all. Cable is gaining strength, Trump has cancelled TPP (excellent) but what effect will these have on the ftse ? Good luck..

Another attempt at £3.40 will be the third fail at the 200ma break out which could signal a fall to around 260 area, equally possible, if we break 340 - 345 then a push to 440 will be a breeze. dyor vbol

Queues out the door before xmas, not looking too special in Jan - to be expected. Major top ~ if 280 fails.... first support 255... then 238. dyor

Hott, yes asked them, quickly actioned. Think this never met valid C&H criteria so that's history. It now looks to me like a short hike down, maybe till £4.50 ~ 23% fib also 100ma area (unless we see a close above 4.90 of course) PDYOR

Morning Hottentot, yes I'm getting quite good at doing that. Is there way to remove blunders ?

Hmm... looking more like C&H fail than break out now. thanks TM.

Looks good to me, aclose inside the band tomorrow would be my entry point with a £5.10 ish target. :o) DYOR