Many thanks to Howard0181 for being this weeks Thoughter

Howard was a bit nervous about doing his PLUG for Francesca but hey if your going to ramp something do it well I say.
So blame me for the embedded music but if you havent got your speakers turned on its worth listening to her. Very nice.

Francesca singing American Tune is embedded in post 2 so once that has gone from your screen you will not have it playing to you all Mondays Trading day.

Good Hunting
Oxon Tune

must admit i enjoyed it.good luck to your daughters career,howard

Good evening.

Thanks to Martini and Howard0181.
Don't worry about plugging your daughter, Howard. Go for it!
It's great to see a Dad trying to help his daughter fulfill
her ambitions and dreams.

As to the markets. Not a lot's changed and not a lot happened
last week. All the Indices tippy-toed a little closer to the
cliff and had a little peek, but they're all still here.

Markets were quite resilient, IMHO, considering the effect that
Cisco, HP and the oil price should have had. Ftse is still in the
'noise' range on the P&F chart and above support.

Swing charts are still Bearish, but seeing as we've come down they
would be, wouldn't they? :-) Still think we are due an oversold
bounce.
Stuff has been going down on lightish volumes which would tend to
indicate that the institutions, which move these markets, may not be
doing a lot of selling even though they aren't buying. If they decide
to come in and push the prices up for the end of quarter figures for
September, we could see one hell of a Bear squeeze. Because from what
I'm reading, the world and it's dog is already short and the 'Herd' is
saying that the game's over. Don't like it when everyone agrees, it's
seldom that everyone is right at the same time.

Watching 4300/10800/1060/1300 on the UKX/DOW/S&P/NDX for Bearish moves.
Swing still charts say down, so until they change, I will carry on looking
for Indice shorts on the pops, and oversold, Blue Chip, UK stock longs
on the dips.

Melnibone.

Brilliant start to the week, guys.

Howard - beautiful music. My best to Francesca, and to be supporting Geno must be a fabulous feeling. I mean the guy is a god! It's that simple.

Very interesting you are trading SETSmm, Howard. I've been doing quite a few of these recently and doing quite well. I never could fathom SETS and moved to MM shares. When they first became SETSmm, I really couldn't fathom how to make money from them, but am now finding them highly profitable, both intraday and on a 2-3 day outlook as well. Their bots are so much more transparent and easier to "play" with. ;-))

As for the news, I'm very interested in the SHEL and MTN stuff. Steven Sunnocks is widely regarded as the man who turned NEW around - I know because I bought them for my better half at 53p and she did very well! ;-) In fact it was Gianni who first pointed them out to me. Ih Sunnocks has been picked to hit MTN it may be worth watching IMO. As for SHEL, well they singularly failed to get involved in any of the sector consolidation 5 years or so back, but better late than never? ;-)

So, what mish-mash of rubbish do I have?

Longs: AMT, AQP, HTG, MNZS, MNA, PLR, TIG
Shorts: RST

Hmm, a bit short of shorts by the look of it! ;-))

Have a profitable week, all!

Al
;-)

FTSE100 downtrend held for the week.On the 10day chart we have a 2 tier trend down at this moment.
Levels to watch Monday 4290-4310 for a bigger move either way, IMHO. 4330-5 to upside to take us back into early forming uptrend. Or 4270 to test bottom of down trend.
To the downside, this will start to bring into play a ten year trend I have been watching for last few weeks around the 4240-50 level.
We have bounced aggresively 3 times from the trend(97,98,01). But the one time we went through it, it was a massive move down in 2002.
Posted 10 Year chart below. Could be a big move week. But which way??? As ever, Oil will be the Key, IMHO.

Could be an interesting week. Oil as usual will be the key.

morning campers

Morning.

MPI - well on course at halfway and confident for H2.
http://www.uk-wire.com/cgi-bin/articles/200408160700049695B.html

ANC - confident depending on what the market does? Hmm.
http://www.uk-wire.com/cgi-bin/articles/200408160700069721B.html

PLR - farm-in offshore Gabon.
http://www.uk-wire.com/cgi-bin/articles/200408160700079735B.html

MRS - production update from Bulgaria. Looks good.
http://www.uk-wire.com/cgi-bin/articles/200408160700089739B.html

CCN - funding for further film production.
http://www.uk-wire.com/cgi-bin/articles/200408160700089747B.html

PDL - joint venture with BLT.
http://www.uk-wire.com/cgi-bin/articles/200408160700099748B.html

SUG - interims look OK, although upturn was slower than predicted by industry analysts - there's a surprise.
http://www.uk-wire.com/cgi-bin/articles/200408160700099751B.html

LOOK - appear to be way ahead of the game at halfway.
http://www.uk-wire.com/cgi-bin/articles/200408160700099754B.html

UTF - another profit warning. This lot really are in deep doo-doo. Woof!
http://www.uk-wire.com/cgi-bin/articles/200408160700119759B.html

CFE - losses well down.
http://www.uk-wire.com/cgi-bin/articles/200408160700129765B.html

EBR - how the hell do you ever figure out whether this kind of company is doing well or badly? Beats me.
http://www.uk-wire.com/cgi-bin/articles/200408160700189788B.html

Have a spiffing day one and all.

Could someone please explain what the 8.5.5/13.26.9 system is please

SEADOG
If you have access to the Traders room there is a thread running on it.
However if you dont here is the opening post, which gives you a flavour
M

The MACD 25/40/25 Thread (MACD)
mg - 17 Jun'04 - 10:32

Inspired by Iain's observations on the Day Traders thread I thought it might be fun to use a separate thread to highlight stocks we might notice that conform to what I have found to be an interesting indicator.

I must admit that I first started looking at the MACD a fair while ago. At the time, my favourite indicator was the MACD Histogram for trading the indices - particularly the DOW. I used the 60 minute MACDH with settings of 12,26,200. I found that the 200 setting smoothed out the histogram to give reasonably good triggers. But it was still a little unreliable.

I then noticed on one of Ruth's posts that she was using 5/8/5 settings on a normal MACD chart which she was using for day trading. I therefore, simply extrapolated to 25/40/25 to see whether it would give a more predictice/less eratic picture of what was going on.

AND - hey presto - what you get is a set of charts which provide a smoothing of movements such that - with a relatively high (BUT NOT PERFECT) degree of confidence that a change in direction is likely to continue for a reasonable length of time before the next move in the opposite direction.

I still trade the indices but needed something a bit more predictive for a SIPP that I'd just set up. I am now, principally, using the 25/40/25 for adding/deleting stock from that portfolio.

This thread is simply for fun - NAG/DYOR etc. etc. - so please, no-one follow it slavishly - 'cos it isn't anything more than something I find useful.

However, just by way of illustration, I will post, from time to time, stocks that I think look like good 'uns based on the MACD.

mg (being terribly serious - for a change)

Many thanks martini - will go to traders

Morning all.

I see we've already had a Bear squeeze this morning. The rapid rise
shows what I was talking about last night. IMHO, a fair chunk of the
declines we've had is not genuine selling, but Bears flattering to
deceive with their shorts. If the US squeezes this afternoon, as well,
then we could see the bounce I've been looking for.
How far we bounce, if we do, will decide whether this Bear trend
continues or sentiment changes to the upside. For the last quarter
we still have the US election, the Xmas rally, and the September/December
end of quarters mark-up to support the Bull case.

Ftse range is still holding. Don't 'yer' just love these markets. 'Gotta'
be the best game in the world. :-)

Melnibone.

Martini, have read the thread and found it very interesting. A number of years ago I attended some seminars by an American, Chris Manning and after three years of back testing he came up with the figures 5,35,5, with the addition that a 21 day RSI had to be above the 50 for a buy and if it was below 50 it was a sell. I monitored this for a year and found it to be quite accurate. Regards

Nice little long scalp on GSK this morning.
That'll do me until the US shows its colours this afternoon.

Back to the laminate flooring. :-(
Sigh. :-(

See you later.

Melnibone.

Afternoon all.
Does anyone know where I can get a FREE real time quote for the DAX?

's OK I found one.

Good, coz I didn't have a clue! ;-))

lol!

We got the squeeze I was looking for and now the S&P is making
heavy weather of getting back through the previous swing low
in the 1080(ish) area.

If it peters out here, after the Eurozone closes, I wouldn't
fancy holding any FTSE longs.
Now looking for signals to open NDX and DJEustox50 shorts if
this squeeze fizzles out.

Melnibone.

Not a bad day really.

Nice little long in WBY when some idiot stuck a very low offer in and took them straight out - closed in auction +8.5. Lobbed my remaining AQP in auction for anywhere between +17 and +39 so well happy. Will re-enter if strength in the morning. Took +4.5 from EBR - started late. Downside was AMT -9, intraday FTC long -2 and I think that's it. All in all, up, which is not like me for a Monday - it's never my best day! Also MNA, HTG and TIG longs nudged upwards - the rest are sticking.

Currently more in cash than for many, many weeks so on the hunt for culprits! ;-)