snip, on the way up , a lot of techies pointed out bullish signs such as higher highs and higher lows. the reverse has been true on the way down with lower highs and lower lows. IF seo creep up tomorrow or over the next few days , could that be taken as a sign that the sp has dropped far enough as it would be the first higher low in a while?

yes bosley but don`t rule out another test of the 14+ level. The more tests the better for a sustainable price rise. It makes a more solid base

cheers, snip.

Could you please give a quick lesson to the unititiated on what the candles and the stalks mean please. ie why aare some filled in - why are some not, why do some have tails, why do some have tapers ?

Thanks in advance

Novice Baza

bhunt I have to go to dentist shortly but in a nutshell. The solid candles mean that the price has been pushed down. The tails at the bottom mean that bulls have pushed the price up to close higher than the low. The longer the tail the better. Vice versa for a tail at the top. If a stock is really bullish then the white candle nust be engulfing ie be bigger that the series of filled candles before it. A white candle means that the price is increasing. For seo to look bullish then the white (open) candle, or series of them, must get to above 17

16.8 was a very indecisive time

more later if you ask. Root extraction now arghhh

snip, it's whatl you deserve for the rip joke....:)

roflmao bosley. I`m back, hehe he said that it had stabilised and I only had a clean!!

I changed the rip joke as some people were getting upset

candles are fantastic for showing a picture. Never mind the fancy names given to the patterns. The best one you could have for buying here would be a long lower stalk and a tiny top. This often shows the end of a trend and is actually called a hammer

something very odd going on - any ideas Snip?

maddoctor I always think that something is going on when shares are bought below the offer price ie people are selling to them at a discount but the 10 day graph is still ok. These re-tests are essential in base-building. The thing that I do find odd is that there are no big institutions involved in seo

Snip is that four candles or fork andles? lol

Baza, I can recommend "Japanese Candlestick Charting Techniques" by Steve Nison, available from Amazon.

Snip & Niels - thank you for the lesson. I dont think I want to study them - but wanted a bit of an entry lesson to get an elementary understanding.

Baza

I was hoping the 10 day chart above would update. Sadly not so I am posting the latest on monday 10th oct

notice the action below the level of the base of the open white candle. The last candle is a doji. It is indecisive but the bearish line above does not look good. It may change throughout the course of today.

and it changed while I was writing this. It now looks like a small open candle. Have a look eod because that will give a better idea

just indecision , my comment friday was really because i noticed that even with the smallest of sells the bid was moved down - seemed like nobody wanted the shares

re the top chart. There is just a small margin of safety before a potential big drop

notice the steepness down from 18 compared to the slope on the way up to 18

this has been under pressure for so long i would not be surprised to see it gap down

the chart for today the 11th

Mind the gap !!

Well spotted md

Been watching these for a while - but think I'll leave 'em alone until they reach 10p now.

looks like next small stop will be 10 but not much support there