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The objective stanelco thread (SEO)     

Snip - 05 Oct 2005 17:31

Chart.aspx?Provider=EODIntra&Code=SEO&SiChart.aspx?Provider=EODIntra&Code=SEO&Si

prodman - 05 Oct 2005 17:38 - 2 of 60

Not looking very healthy

Snip - 06 Oct 2005 09:30 - 3 of 60

testing 14

watch the stalks, if any, on the last candle. They will give a hint as to bears or bulls in control

TheFrenchConnection - 06 Oct 2005 12:16 - 4 of 60

Amities / Objective discussion ? On SEO ? ln the interests of brevity i will merely say personally l think 10p will be upon us the very moment MMS have cleared this massive overhang of stock . Even to the MOST amatuer of chartists things look utterly dire . But i dont think we need look at the chart to see whose in control . Observe the volume of sellers. ....

maddoctor - 06 Oct 2005 12:26 - 5 of 60

can you change the blue to red , you know it makes sense and are you short?

Snip - 06 Oct 2005 12:53 - 6 of 60

no maddoctor I am not short. I bought and sold twice on stop losses at around the 22 and 18p mark. Each time for a small loss. It does mean of course that I preserved my pot and may (or may not) buy again on a bounce if it tests the 4-6p region.

maddoctor - 06 Oct 2005 12:59 - 7 of 60

looking as well , you were abit hard on the non-believers in TA!
thro' 62% AND WHERE WILL IT end , still some support at 13 although volume was poor before

bosley - 06 Oct 2005 23:12 - 8 of 60

snip, on the way up , a lot of techies pointed out bullish signs such as higher highs and higher lows. the reverse has been true on the way down with lower highs and lower lows. IF seo creep up tomorrow or over the next few days , could that be taken as a sign that the sp has dropped far enough as it would be the first higher low in a while?

Snip - 07 Oct 2005 07:41 - 9 of 60

yes bosley but don`t rule out another test of the 14+ level. The more tests the better for a sustainable price rise. It makes a more solid base

bosley - 07 Oct 2005 07:54 - 10 of 60

cheers, snip.

bhunt1910 - 07 Oct 2005 09:45 - 11 of 60

Could you please give a quick lesson to the unititiated on what the candles and the stalks mean please. ie why aare some filled in - why are some not, why do some have tails, why do some have tapers ?

Thanks in advance

Novice Baza

Snip - 07 Oct 2005 09:55 - 12 of 60

bhunt I have to go to dentist shortly but in a nutshell. The solid candles mean that the price has been pushed down. The tails at the bottom mean that bulls have pushed the price up to close higher than the low. The longer the tail the better. Vice versa for a tail at the top. If a stock is really bullish then the white candle nust be engulfing ie be bigger that the series of filled candles before it. A white candle means that the price is increasing. For seo to look bullish then the white (open) candle, or series of them, must get to above 17

16.8 was a very indecisive time

more later if you ask. Root extraction now arghhh

bosley - 07 Oct 2005 13:34 - 13 of 60

snip, it's whatl you deserve for the rip joke....:)

Snip - 07 Oct 2005 13:44 - 14 of 60

roflmao bosley. I`m back, hehe he said that it had stabilised and I only had a clean!!

I changed the rip joke as some people were getting upset

candles are fantastic for showing a picture. Never mind the fancy names given to the patterns. The best one you could have for buying here would be a long lower stalk and a tiny top. This often shows the end of a trend and is actually called a hammer

maddoctor - 07 Oct 2005 16:24 - 15 of 60

something very odd going on - any ideas Snip?

Snip - 07 Oct 2005 16:33 - 16 of 60

maddoctor I always think that something is going on when shares are bought below the offer price ie people are selling to them at a discount but the 10 day graph is still ok. These re-tests are essential in base-building. The thing that I do find odd is that there are no big institutions involved in seo

treikiman - 07 Oct 2005 16:48 - 17 of 60

Snip is that four candles or fork andles? lol

NielsJensen - 09 Oct 2005 19:35 - 18 of 60

Baza, I can recommend "Japanese Candlestick Charting Techniques" by Steve Nison, available from Amazon.

bhunt1910 - 10 Oct 2005 09:37 - 19 of 60

Snip & Niels - thank you for the lesson. I dont think I want to study them - but wanted a bit of an entry lesson to get an elementary understanding.

Baza

Snip - 10 Oct 2005 10:42 - 20 of 60

I was hoping the 10 day chart above would update. Sadly not so I am posting the latest on monday 10th oct
Chart.aspx?Provider=EODIntra&Code=SEO&Si

Snip - 10 Oct 2005 10:45 - 21 of 60

notice the action below the level of the base of the open white candle. The last candle is a doji. It is indecisive but the bearish line above does not look good. It may change throughout the course of today.

and it changed while I was writing this. It now looks like a small open candle. Have a look eod because that will give a better idea

maddoctor - 10 Oct 2005 11:17 - 22 of 60

just indecision , my comment friday was really because i noticed that even with the smallest of sells the bid was moved down - seemed like nobody wanted the shares

Snip - 10 Oct 2005 15:07 - 23 of 60

re the top chart. There is just a small margin of safety before a potential big drop

notice the steepness down from 18 compared to the slope on the way up to 18

maddoctor - 10 Oct 2005 15:52 - 24 of 60

this has been under pressure for so long i would not be surprised to see it gap down

Snip - 11 Oct 2005 08:06 - 25 of 60

the chart for today the 11th

Chart.aspx?Provider=EODIntra&Code=SEO&Si

mg - 11 Oct 2005 08:07 - 26 of 60

Mind the gap !!

Well spotted md

Been watching these for a while - but think I'll leave 'em alone until they reach 10p now.

Snip - 11 Oct 2005 08:07 - 27 of 60

looks like next small stop will be 10 but not much support there

mg - 11 Oct 2005 08:36 - 28 of 60

snip
Agreed - around 6p is support - there are a lot of people who stepped in around there - doubt if they'll hold on too much longer and lose their gains. Could go sailing through 10p - unless it forms a new higher low.

maddoctor - 11 Oct 2005 08:48 - 29 of 60

watching for a blowoff here , may be entry soon

bosley - 11 Oct 2005 09:26 - 30 of 60

what's a blowoff?

hewittalan6 - 11 Oct 2005 09:28 - 31 of 60

Something that belongs on the Talk To Yourself thread, Bos!!
Alan

maddoctor - 11 Oct 2005 09:31 - 32 of 60

h6 naughty thread that

bos , think your taking the m*** but anyway watch the volume

bosley - 11 Oct 2005 09:31 - 33 of 60

lol, i think we'd get banned if we put pics up of that!!!! best not mention it to jimmy.....

bosley - 11 Oct 2005 09:33 - 34 of 60

it was a genuine question, maddoctor. i'm guessing it's some mad fluury of sells sending the sp down even more before it starts creeping back up in anticipation of news? that's something that has happened consistently with seo. dive before news.....

jimmy b - 11 Oct 2005 09:37 - 35 of 60

Watch out bos i'm lurking, and looking for a picture ,now what do i punch in to the search engine ??

Snip - 11 Oct 2005 09:43 - 36 of 60

a selling climax. Not likely here until around 6p. sellers are selling on the way down in order to wrap up a smidgen of profit or if they are awake enough not to lose most of their pot. It depends on the individual original buy point. The current buyers are into catching falling knives. There is absolutely no buy sign here

maddoctor - 11 Oct 2005 09:47 - 37 of 60

snip , your explanation much better than my brief word but volume already above the 50 dma and its only 9.45

Snip - 11 Oct 2005 09:51 - 38 of 60

lol md there are still lots hanging on. The panic will be at just above the major buy point ie 6p. The panic leads to the `blowoff` but then there will be several tests of 6p as sellers sell on each rise above 6p thankful to get out with the original pot.
Market psychology rules!!

hewittalan6 - 11 Oct 2005 09:52 - 39 of 60

Snip, agree that from a charting point of view there is no buy sign. But charting can only take you so far. Eventually you've got to get off and think. The buy sign for me, is that there has been nothing even remotely negative since the days of 28pps. The only difference is market sentiment, and that is a fickle horse to ride. The next RNS will (providing it is not bad news) see sentiment switch in the opposite direction and buying in then could be costly compared to now. The difference between us is probably only a matter of brinksmanship. I am prepared to buy at this level and not mind too much if the price has a bit lower to go yet, whereas others are determined to leave it as late as possible to get the best possible price. My timing is not that good so I look for a longer term return and sleep a bit poorer, but more soundly for it.
Alan

Snip - 11 Oct 2005 09:59 - 40 of 60

respect, Alan.

Each to their own.

Snip - 12 Oct 2005 07:50 - 41 of 60

I`ll post todays 10 day chart at the top of the page as soon as the action starts. IMO there will be a lot of selling activity as the overnight trades kick in

mg - 12 Oct 2005 08:14 - 42 of 60

snip
That pesky RNS looks as if it's done the trick :(

So much for a chance at the lows - the action seems to confirm that buyers are more than happy to keep this one up. The ADVFN crew will be wetting themselves with glee.

Well done to those who kept their nerve or bought at yesterday's lows.

stockdog - 12 Oct 2005 08:33 - 43 of 60

mg - I've certainly kept my nerves - I can feel each and every one of them at the moment, lol!

hewittalan6 - 12 Oct 2005 08:34 - 44 of 60

SD,
Take 2 Bob Martins 3 times a day, and a quarterly wormer. You'll be fine!!LOL
Alan

Snip - 12 Oct 2005 14:25 - 45 of 60

test of resistance coming up now. If this is going to carry on climbing then it has to push through on good volume

bhunt1910 - 12 Oct 2005 14:31 - 46 of 60

2:5 @ 13.5:14 and 30k v 375k

Snip - 12 Oct 2005 17:02 - 47 of 60

strange. There is another of those indecision dojis today 12th. It is a touch more bullish than bearish but IMO don`t get complacent about the price. This is a month graph and you can compare

Chart.aspx?Provider=EODIntra&Code=SEO&Si

Snip - 13 Oct 2005 12:06 - 48 of 60

up to re-test 18 imo

bosley - 13 Oct 2005 12:41 - 49 of 60

snip, you see this now climbing to 18p?

qc - 13 Oct 2005 12:47 - 50 of 60

Or the 18 month low!

Bema - 13 Oct 2005 13:01 - 51 of 60

Not much of a chartist me, but its a pleasure to read your sane SEO thread Snip.

stockdog - 13 Oct 2005 13:26 - 52 of 60

snip
my own reading (fwiw) is that we will need to test and beat in succession the 14.75p and 16.75p supports turned resistance before we can tackle the key 18p level again - which is where I would love to be as soon as possible so I can sleep again!

sd

Snip - 13 Oct 2005 13:36 - 53 of 60

you are right about testing and re-testing stockdog but I am using wider observations ie 12 and 18. I do believe that seo will need to re-test 12 and hopefully come up again from a higher low. The tests and re-tests will eventually make for a healthier rise. I do hope that, in the meantime, seo comes up with some good, concrete positive news for all the holders who are hurting at the moment. The hype on the other thread is not what is needed for a sustained recovery

bhunt1910 - 13 Oct 2005 13:40 - 54 of 60

So snip - am I a ramper or a deramper ??

Baza

Bugz - 13 Oct 2005 13:50 - 55 of 60

Top thread.

Not much of a chartist too but started looking at candle sticks a few weeks ago. Really interesting to watch.

Cheers Snip

stockdog - 13 Oct 2005 20:26 - 56 of 60

Snip - Bennny (Hill!) and I look forward to a nice double bottom, but have to admit severe disappointment it's only a size 12 - lol!

sd

Snip - 28 Oct 2005 09:19 - 57 of 60

.

Snip - 03 Nov 2005 19:31 - 58 of 60

very little support then 10p followed by 8p

This is happening quicker than expected

seo is weak

Snip - 04 Nov 2005 09:48 - 59 of 60

OH DEAR!!!!

bosley - 04 Nov 2005 10:22 - 60 of 60

snip, "oh dear", what?
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