I often find all manner of reference to Technical Analysis whilst reading threads, questioning certain elements, asking for advice on indicators and also requesting advice on a stock and whether it's a good time to buy, sell, hold or remain indifferent. I am the first to admit that my own TA is still in its infancy, but I do spend time on expanding my knowledge (hopefully in the right direction!).

Rather than having to ask a TA question on a particular thread, perhaps this thread could be used as a forum for TA queries and become a knowledge base. Just a thought, if there is little or no interest, the thread will sink without trace and that will be the end of that. I will personally add a few snippets to help those with less knowledge (if that's possible) to keep things rolling. There is a danger that the thread will receive countless requests for opinions on a variety of stocks and there is only so much I can do alone, therefore I would more than welcome input from other posters, no matter how rudimentary they believe their own knowledge to be, hopefully some real experts will take the time to contribute.

for those who cannot read charts the spx and nasdaq both fell thro the supporting trendline whilst the dow sits just below

UKX support at 6186

GF

Apologies I missed your post, but FWIW her's my opinion. The white trendline is obviously the longer term uptrend, which in the event of any pull backs should provide support, so any downside limited to 100p and rising. The other trend (blue) is somewhat immature in that it hasn't been overly tested over a lengthy period, so will be interesting to see if it holds should the occasion arise. Actually neither trend line is particularly challenging, both being relatively shallow. Overall it's a nice steady chart with the odd leap followed by a period of consolidation. It tried to break out above the 120p level last week and fell back, I wouldn't be surprised to see if it has another go, although with the current market volatility who knows? Incidentally the long term chart shows a sort of 'saucer' or even 'cup and handle' pattern forming, well possibly, so if you believe in that sort of thing, long term could see a return to 160p by the end of the year.

pth

shan't be in the office this afternoon for otherwise would have been very tempted indeed to go long on Dow .... however, it is quite a dangerous call though odds are in favour of at least a temporary bounce, but as i can't monitor shall be a good boy for once!

having got home about 18:30 i took the plunge ...... the record will show the result as i am far too modest!

I hope you are all looking for potential reversal bars on stocks for the morning right now?

I have 3 major Dax ones to watch along with the usual bunch of UKs. It might not be the bottom, but for short termers like me could be good gains.

may be too late by opening time ..... FTSE indicator is already showing +70, so unless already long ......

theres always the pullback and gap fill to get in on

no point buying the open

Id rather wait for the horse to bolt instead of anticipating

I think this is my fave candidate, if it can show some strength above todays close without dropping below it I could be in for x per point

UK I would say RB.

Hope this isn't a stupid question but how would I recognise a potential reversal bar.

look in your rear-view mirror!

come on Richard, that was a stupid answer...lol

in a frivolous and frisky mood after last night's continuing good fortune

lol

can you post your entries at the time, or do you only post the "profits" after the event ? ;-)

so you really want to get on board when i venture into the shark-infested waters of indices? ...... certainly don't keep it secret, but of course it will still be after i have done the deed.

if you mean when buying standard stocks, then usually do - e.g. have just bought RSA this morning as posted on relevant thread

why after the deed?.. your obviously online making the trade, just quickly post here "gone long dow at 13XXX", it will take you 2 seconds. It will also help people like maggie see its not as easy as you make out to make money from index trading.

Or do you only post to boast like below.. 2 hours after the event.


cynic - 06 Aug 2007 20:50 - 359 of 372
having got home about 18:30 i took the plunge ...... the record will show the result as i am far too modest!

before we get into another spat , what about your live trades?

question is why dont people only worry about their own affairs???
if your making money, what does it matter what other people do?
I'm not afraid to admit, i am losing thousands...lol
In fact judging by my track record, i should give up... but i consider i am learning by being in the market and in this case i give credit to Mr.C , by highlighting shares can go down as well as up...
Actually my view is shares can go up as well as down.... my glass is now more than half empty.