ptholden
- 01 Oct 2008 17:03
- 2746 of 3050
I don't think the news from the US will be bad, well now worse than it has been so far. Volatility rules. There may be some mileage in going long at the moment, but I really have no confidence in this chart now. I'm not sure what time scale those MAs are, but I'm assuming 200, 50, 25 (or thereabouts). If that green 'un dips beneath the black 'un you have the so called Death Cross. Now I know my pal Cynic will pop up and tell me it's all a load of cobblers (crosses, wedges, pennants, flags and whatever elses) but the Death Cross is a pretty damn good harbinger of gloom (bit of a mixed metphor there). personally I wouldn't take a position until that little matter resolves itself. If it crosses down, short away. IMHO naturally.
HARRYCAT
- 01 Oct 2008 21:18
- 2747 of 3050
PTH, 90% of people who expressed an opinion, said that the $700bn vote would get through first time. I hate to think how many people went long on the DOW that afternoon in anticipation! I stand by my comment....."If the news etc..".
cynic
- 01 Oct 2008 21:27
- 2748 of 3050
only do death crosses at easter!
btw, i think the correct term is dead cross, but quite happy to be flexible in my terminology come "carpentry time" ...... anyway, just remember the warning from the centurion - "Drop that cross once more and you're out of the procession!"
goldfinger
- 02 Oct 2008 11:29
- 2749 of 3050
Looks to be a good TA case for buying here (dare I say it).
Both lagging and trending indicators pointing to a move upwards.
Im watching very carefully this afternoon and may BUY.
goldfinger
- 02 Oct 2008 11:31
- 2750 of 3050
Not as volatile as it once was this stock.
I reckon with more stock in the hands of the market that the beta is now progressing to that more in line with the general market.
goldfinger
- 02 Oct 2008 11:36
- 2751 of 3050
Bought in short term.
Pre-Market: 11.69 +0.46 (+4.10%) - Oct 2, 5:29AM EDT
HARRYCAT
- 02 Oct 2008 11:58
- 2752 of 3050
So we've got a death cross versus lagging & trending indicators!
Hmmmmm......might go & buy a Fortune Cookie to shed some light on this!
goldfinger
- 02 Oct 2008 12:26
- 2753 of 3050
he he, nice one HC.
ptholden
- 02 Oct 2008 12:40
- 2754 of 3050
Harry, Cynic was right, should have been a 'Dead Cross' - apologies.
You swallowed a TA book then GF?
goldfinger
- 02 Oct 2008 14:45
- 2755 of 3050
Summat like that PTH, he he.
Truth be known i started out 28 years ago investing purely by charts. Different world now with it all being online.
Seem to be revisiting my youth now that ive just retired at 51.
Thumbs up anyway on this one.
jkd
- 02 Oct 2008 15:21
- 2756 of 3050
gf
like it
island reversals, dead crosses, wedges, and all the other stuff.
seems candles have now taken over.
same gravty different meat as they say.
regards
jkd
jkd
- 02 Oct 2008 15:48
- 2757 of 3050
re my above post.
should it be the other way around?
spelling mistake also.
regards
jkd
cynic
- 02 Oct 2008 15:59
- 2758 of 3050
gravity, meat and candles seem odd bedfellows ..... meat and potatoes and gravy i could understand!
hlyeo98
- 06 Oct 2008 11:24
- 2759 of 3050
Anybody dare to buy SOLA now???
cynic
- 06 Oct 2008 12:24
- 2760 of 3050
don't dare buy anything, seriously oversold as the indices now look
hlyeo98
- 06 Oct 2008 15:22
- 2761 of 3050
SOLA is dying now
Falcothou
- 06 Oct 2008 15:25
- 2762 of 3050
The baby, bath and dental floss have been thrown out with the bath water!
dealerdear
- 06 Oct 2008 15:26
- 2763 of 3050
don't forget the electric fire ....
hlyeo98
- 08 Oct 2008 08:52
- 2764 of 3050
187p now.
HARRYCAT
- 08 Oct 2008 12:44
- 2765 of 3050
From 190p to 230p in the blink of an eye! (or as fast as an interest rate cut statement could be made). Shorters starting to get anxious, possibly?