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Technical Analysis (TA)     

ptholden - 09 Jul 2007 23:14

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.

trigger45 - 13 Jul 2007 07:58 - 70 of 504

There you go again.

My only concern for you now is that you too may come under attack for expressing views on COH thatcertain people do not want to hear.

Couldn't resist it could you.

David10B - 13 Jul 2007 08:05 - 71 of 504

trigger I could not as its true, there are those here only interested in their own ramping ways. And this is simply not fiar on other seeking guidnace.

Some person was claim a 1 for COH in a year, how much more misleading that than unqualified nonsense can you get.

Get it right now trigger, I have no axe to grind about COH or any other company----just dont set out to ramp shares with an adgenda to solely protect your own position----thats not cricket SIR

cynic - 13 Jul 2007 08:13 - 72 of 504

10B+45 - if the pair of you want to bicker (and it takes 2 to tango), the please go to the COH board or elsewhere entirely

PT - confess i am very nearly tempted to take your advice on SCHE or at least take full profits with a view to buy back later ...... i shall certainly watch sp even more carefully than usual as it currently stands at about 555 mid

cynic - 13 Jul 2007 08:13 - 73 of 504

.

David10B - 13 Jul 2007 08:16 - 74 of 504

Cynic no more bickering. I believe my point has been made, thanks to both your and PTH's TA analysis.

All points should be made freely and openly and be open to sensible discussion.

Must dash have a train to catch. have a nice dy,

trigger45 - 13 Jul 2007 08:28 - 75 of 504

Yes it does take two to tango, but lets get one thing straight here, and I do apologise for highlighting the way this poster continues to dangle the bait that gets everyone so wound up.

"just dont set out to ramp shares with an adgenda to solely protect your own position----thats not cricket SIR "

Show me one example of any instance where the above is true.

I do appreciate the frustrastions of others having to read this as must be so infuriating.

I also appreciate that it is pointless to carry this on as there will be only one person with the final say.

It's no wonder his share club got rid of him and I feel I'm very fortunate in that I will never meet this man in real life.

Thats it from me, not going to post on here for a very long while as Moneyam feel it fit to allow this man to continue to post.

There is nothing wrong with both sides of investing but David is something else. Very polite in all his post, but manages to turn the screw everytime.

cynic - 13 Jul 2007 08:32 - 76 of 504

TRIGGER - enough! ...... i totally agree that 10B is very very annoying, but there is the simple expedient of the "squelch button" if you wish to avoid him

beemer2 - 13 Jul 2007 08:36 - 77 of 504

Trigger is right...AND IAN SHOULD BAN HIM

cynic - 13 Jul 2007 08:36 - 78 of 504

TAN - tend to agree with you PT ...... certainly time for this share to take a healthy breather, but i suspect i shall just hold rather than sell with the hope of buying back cheaper, which is what i successfulyy did several weeks back

ptholden - 13 Jul 2007 09:21 - 79 of 504

Good morning Richard, rather disappointed that the COH 'debate' has moved here now, but probably my own fault.

SCHE is now at my proposed short level, it really should come off from here. Best keep an eye on it, the theory says it must, but I guess it aint always right.

TAN having another go at 200p, will it make it this time?

pth

ptholden - 13 Jul 2007 09:41 - 80 of 504

Have been taking a look at the SCHE trades for the morning. Although most are reported as Buys, nearly all are AT trades at the Offer price. This would suggest a couple of things; SCHE is having the arse shorted off it or investors are so keen to get in that they are buying at the Offer through the book rather than the Bid, although the spread is so small it probably doesn't make a huge difference.

cynic - 13 Jul 2007 09:42 - 81 of 504

watching both very carefully.

not sure if Ian should ban 10B ..... the guy is a serious pain and badly clutters up the boards, not only by being repetitive, but also exceedingly verbose, but rarely personally abusive ...... he can be avoided via "squelch" but his posts will still continue to clutter.

ptholden - 13 Jul 2007 09:46 - 82 of 504

I see Adie has now copied and pasted one of his posts onto the WNG thread, 10B really doesn't need any help in cluttering up any more threads, good grief, where will it all end?

SCHE has bounced off my line, is that it or is there more life yet to come?

cynic - 13 Jul 2007 10:11 - 83 of 504

SCHE - seemingly sp has just poked up through 20 dma, which I would rather we had on this site instead of 25 ..... in fact, sp is performing as it has always done historically(!) and as i mentioned before - i.e. after a dip, sp has always to date recovered quickly and continued its upward trend ...... perhaps from a (your!) chart point of view, this will be the exception proving the rule

more generally, "my man" reckons FTSE has a little way to run to reach it's initial target of 6735, but if Dow continues strong, the that target could easily be breached.

fyi, Dow target is 14400, though obviously there will be corrections en route

maggiebt4 - 13 Jul 2007 11:26 - 84 of 504

Re my post 64 on EMG no need to confirm my thoughts as sp has gone up another 14 at min so must have been a buy signal would appreciate thoughts on sell signal if anyone has the time html>

maggiebt4 - 13 Jul 2007 11:29 - 85 of 504

OOps sorry thought I'd learned how to paste chart. Back to the drawing board

cynic - 13 Jul 2007 11:36 - 86 of 504

DOO .... good profit take of mine so far ..... PT - now your chart gets interesting as rsi is sitting smack on 70

SCHE - PT - per current sp, hope you did not short (567 bid) ..... at what juncture does your chart need to "reconsider"?

ptholden - 13 Jul 2007 11:55 - 87 of 504

Richard, no I haven't shorted, was watching L2 earlier and SCHE certainly wasn't showing any signs of wanting to come off. Just gonna look at the chart now and see what's what :)

BigTed - 13 Jul 2007 11:55 - 88 of 504

Rich... lol, this thread is interesting, will you pair take a look at HAWK... are the shorters out in force?, knew i should have waited, fed up with stopping stuff though...

ptholden - 13 Jul 2007 12:06 - 89 of 504

Looks like SCHE has pushed through my shallower channel (pink jobbie) which I thought might provide some resistance and has bounced off the next trendline at around 575 (blue jobbie). So I think a close above 575 ish is certainly time to 'reconsider'. Will have to wait until the close to see where it ends up and I can then take a look at both the MACD and RSI, my feeling is that this is the last oomph before coming off. By rights it should be, the MACD divergence is screaming SELL all on its own :S

Nice to see we got DOO right thus far.

pth
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