Crocodile
- 03 Jan 2004 20:12
Premarket Futures |
FTSE -10 |
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The FTSE 100 index is expected to dip following Fridays loss
on Wall Street...
Europe's largest media advertising buyer Aegis said it was
trading in line with expectations and was expecting an improvement in the
media marketing environment
Vodaphone jut raised to
outperform
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09.30 Dec CIPS Construction PMI
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Auto Sales Dec 5.7M
Truck Sales Dec 8.0M
15.00 Nov Construction Spending m/m 0.5% exp.
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D07.00 Nov German Retail Sales m/m 0.2% exp.
11.00
Oct New Industrial Orders
11.00 Dec Flash CPI 2.1% exp.
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Crocodile
- 05 Jan 2004 08:00
- 10 of 35
Morning all :-)
ThePlayboy
- 05 Jan 2004 08:10
- 11 of 35
Strong ftse open even with considering DJ futs up from Fri close!
Druid2
- 05 Jan 2004 08:23
- 12 of 35
Morning all. ETL looking good this morning.
Douggie
- 05 Jan 2004 09:01
- 14 of 35
mornin all, Off Center Parcs grandchildren given extra week off now instead of spring! :-((
vasey
- 05 Jan 2004 09:41
- 17 of 35
well done on the ETL, lw!
Melnibone
- 05 Jan 2004 11:39
- 20 of 35
A belated good morning,
not traded yet today, have been MOT'ing one of our cars.
All sorted and passed. :-)
Having a struggle to stop myself going against the trend
and shorting at the moment.
I would prefer a higher swing low and go long, staying with
the trend.
Been watching GSK as a possible long if we retrace a bit, but I
think that there may be a possibility of a head and shoulders
forming over the past 3 months.
Neckline at 1250 and shoulders at 1300.
Anyone got a view?
Melnibone.
Fundamentalist
- 05 Jan 2004 11:50
- 22 of 35
Excuse the charting ignorance, but if GSk has formed a head and shoulders, what does that mean for the expected direction of the price?
Melnibone
- 05 Jan 2004 11:55
- 24 of 35
If it breaks the neckline and the Head and Shoulders hold
true, then you should get a big drop.
Reverse this process for an Inverse Head and Shoulders, which
if holds true will give a big rise.
There are measurements you can take between the shoulders and the
neckline which would give you a target price but I can't remember
them.
Can Croc or anyone else expand?
Melnibone.
Melnibone
- 05 Jan 2004 12:09
- 25 of 35
Link here for a better explanation of Head and Shoulders pattern.
http://www.chartpatterns.com/headandshoulders.htm
Melnibone.
Melnibone
- 05 Jan 2004 12:11
- 26 of 35
http://www.chartpatterns.com/headandshoulders.htm
Just noticed the 'insert website link' and tried it out above.
Melnibone.
Melnibone
- 05 Jan 2004 12:34
- 27 of 35
Trying the 'insert image link' now.
As you can see on this GSK chart:
Slow stochastic is turning down through 80.
Williams %R is coming down from overbought and is
looking like it's going to drop through 50.
RSI is turning down.
60 Day EMA is turning down.
Melnibone.
Melnibone
- 05 Jan 2004 12:36
- 28 of 35
Chart didn't come out on that post, I must be doing something wrong.
Above is a link to what I'm talking about.
Edit. That came out as an RBS chart for some reason. Trying an edit with
a new link.
Edit 2. Came out as RBS again. Have deleted link and given up.:-(
Melnibone.
averagedown
- 05 Jan 2004 12:53
- 29 of 35
I found the 20 year FTSE chart in the weekend FT interesting, unfotunately I've left it at home, but if I remember right the first 10 years (approx) was a slow steady rise followed by the 90's bubble and crash of 2000 and now, well to me it looked like we were more or less back on track to pick back up where we should be if there had never been a bubble, suggesting that the market should be trading just about where it is now. Something you wouldn't see with the normal 5 or 10 year charts we usually see. That would suggest no further recovery, as there is nothing to recover to other than to start a new bubble.