D1 Oils has been flying recently... 8% up today
MRP well up as well... big rise today and yesterday.... this could be due to ramping, or is there news out soon. Very high volume so far 2.7 million ...

Midday Market Summary

        LATE LUNCH TIME FUN

Tonker
re-DOO
that is what I said earlier at "UPS"......

Master RSI - 10 Mar'06 - 12:41 - 478 of 501 edit
DOO at 297- 298p +21.5p

Charts
Have a very good MACD for the last few days, at the moment share price have been risen very fast for the last couple days + 36p and has reached top on the Bollinger bands, most likely will be lower before going better

L2 very strong on the bid side, but at bid 297p there is only 4K and next one down is at 292.25p, so could easily be taken as "AT" and drop to that much lower price

Master RSI, sorry mate, what do you mean by "UPS" and MACD and Bollinger bands... I am a bit of a novice

Tonker

You have a bit to learn chart wise thats all

UPS is a thread that I run so nothing to do with DOO

now MACD is and indicator it shows at the bottom of the chart I posted, and when the line blue crosses the red on the way up is considered positive, the same happen on early January.

Bollinger Bands is another indicator ( is the two red lines at top chart going parallel )says:
Buy, when share price is at lower bollinger band and
sell, when share price is at upper bollinger band ( is happenig now)

hope this makes sence now

good buys to sells on marchpole today. A buy went through late at 4.27 for 250,000 at 24 p (I guess to buy). Hope this has further rises

Tonker an expanation of how Bollinger Bands work.......... Quick Summary Table

KEEP an EYE
IQE 9.75 -10p +0.125p

up on the bid ahead of results on the 22nd March
L2 is 3 V 1 and narrow spread
Indicators RSI and Stochasticks at oversold and now rising
MACD is on the turning

covered some ARM @132 +3

covered some more ARM +1.25

IQE 9.75 - 10.25p +0.25p

finally the offer is gone

a couple 100K plus 50K and a 100K from a MM done the damage after a 200K from another MM earlier

IQE 10 - 10.25p +0.375p

up on the bid by 2 MMs at the end

End-of-day Market Summary

Have a great weekend traders!

JOKE OF THE DAY

How men can remember women

What is a "successful hunting trip"?
When three men kill 9 cases of Budweiser in two days.

Men are proof of reincarnation.
You can't get that dumb in just one lifetime.

Why don't men cook at home?
No one's invented a steak that will fit in the toaster.

He keeps a record of everything he eats.
It's called a tie.

Why do women rub their eyes when they wake up?
Because they don't have balls to scratch.

Whats the difference between a man and E.T.?
ET phoned home.

Why are husbands like lawn mowers?
They're hard to get started, emit foul odors, and don't work half of the time

When do men insist that women are illogical?
When a woman doesn't agree with them.

Master RSI, can you give me the options for the graphs you done on DOO... would be gratefull.... also how do i find out more about these indicators

Tonker

Option 1 could easily carry on rising rising due to the MACD positive and provided it does not go too over Bollinger upper band
Option 2 RSI and stochastic now reaching soon points of Overbought 80 or over so one has to be carefull, sometimes is better to wait (as you have miss the starting of this cicle )for next retracement and buy on the next move up



There is plenty of places where you can learn the basics of CHARTING, but do not expect to do it overnight, One needs plenty of experience and practice.

I started as an investor,going for profits and earnings per share to give a valuation to shares, but for the last few years, I do also some short term investment using the charts, and the timing is pretty on most shares, if one follows a few basic together.

Like
Indicator RSI ( buy at below 20 and sell above 80 )
Indicator Slow Stochastic ( buy at below 20 and sell above 80 )
Indicator MACD ( buy when the MACD line crosses the signal line from below.)
(Sell when the MACD line crosses the signal line from above)

If you find a share with the 3 things together at the same time, plus bollinger band at lower Band, then wait till the share start moving higher and you almost can not be wrong.

Naturally all those options are short term

One example lately was MPH on 28th Feb to 1 March, last week, Indicators moving from bottom (oversold) and share price aswell from 12.5p to 22.50p
I posted over here with rumour included that eventualy was true with news one week later



link to charting ...... http://www.incrediblecharts.com/technical/chart_basics.htm

        EVENING FUN

       

Master RSI, thank you, food for thought