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.

sned, CSR dropped through trendline support at 778p, looks like it's bounced off the 200MA.

PT Greyhound, apologies, my fault.

s'allright guys, FX TA is a good place to learn, moves so quickly, gives the opportunity to see what works and what does not :)

CSR ..... true i jumped back in too early, but i expected 800 to provide better support. however, i reckon their figures are pretty tasty and fully expect the stock to recover smartly (assuredly the kiss of death)

CABLE ..... 20530 now being challenged (arguably broken)though i accept there should be support somewhere between that level and 20470 ..... shall i top slice? ..... not sure ..... answer = i shall be out if $ weakens to 20520 (currently 20499.40), but may shift that later if $ continues to strengthen

and so it was ...... $ now 20505 but as i am out for dinner this evening and could not watch am more than happy to have made a good turn ...... Wall Street has turned soggy again, so all rather ominous for the morrow

PTH and all - May I please ask for some analysis on FPEA? I moved out of this a few weeks ago, since when it has remained quite flat @ its present levels. Seems to have held out the present storm; had a (in my opinion) a good recent up-trend and wondering whether I should have another go based on TA.
Thanks again - Simon

Quite a few volatile days on the markets. Pleased to see that my targets have been hit, a small precis with approximate profits:

TAN Short from 207p - target hit at 175p = 30 pts
SCHE Short from 280p - target hit at 235p = 45 pts
DOO Short from 265p - -target hit at 240p = 20 pts
CSR Long from 760p - target hit at 900p = 140 pts
Bearish on CSR from 840p - target of 820p = No idea what I would have closed at today :S
EMG - Long & Short, have lost track
WNG Long from 104p - position still open - currently -6 pts
SOLA - originally short, but would have closed flat, suffering from fence sitting syndrome.

The others were just an opinion and would not necessarily have been traded.

Difficult to come up with an exact total because of CSR & EMG, but probably somewhere in the region of 350-400 pts, even at just 10 per pt that would mean 3.5k - 4k over a two week period. The point I am making is that you do not have to bank the house on a trade to make significant profits, if you had, say at 100 per pt the same trades would have netted 35k - 40 on spread bets.

Think I might rest on my laurels for a while.

pth

simon

I have had a look at FPEA, I have to say I know nothing about this type of stock. It seems to go for days without any movement at all and sometimes extreme falls. I really wouldn't like to try and predict where its going next. Seems that you can lose half of your investment in a heartbeat, not one for widows and orphans.

pth

thanks for that pth - i will take note of yur comments (being an orphan myself .......:)

Maggie, not entirely sure about this but EMG is back to a support level of 600p, have a suspicion it may be on its way back down to 565p - 575p. If you were back in at 600p might be an idea to close? Just a thought, no advice intended.

With the overall market weakness at the moment I can see that quite a few trending shares are no longer doing so and it's becoming more difficult to judge where they are going next. Trends come to and end eventually.

pth

i am sure there are loads of potential bargains in today's market, but i rather fear there will be many more and greater in the coming days and weeks ...... glad i'm short of SOLA but shame that my Cable short was closed out, albeit at a good profit - was out of range for constant monitoring and it would have been easy for that profit to have evaporated.

i just reiterate something i posted (153 i think) ....... "the turbulence of the current markets does give me cause for concern as, from memory, this sort of nonsense is often the prelude to rather more prolonged nastiness."

.

Cat got yer tongue Richard?

PTH , good call on tan , whats the story on tmc ?

Thanks for the very good advice which I am more that happy to recieve unfortunately my head was so far into the sand I've only just read it. Am suffering a loss at moment will just have to sit tight. Am hoping sp will find support around 589 but doesn't look like it. Don't think I'll be in and out in 14 days this time :o(

maggie you never know. Going to have a look at FTSE and DOW charts later and see where this is going to stop, well, at least attempt an uneducated guess :))

Neil, I'll have a look at TMC for you, but the whole market is skewed now with this sell off and I don't think it''s over yet. I agree with Big Al's post on the Traders Thread, a lot of small stuff will be getting sold now especially if panic sets in.

pth

PT .... back again; loadsa trouble with site - for me at least, but now seems sorted

from memory, FTSE is due correction and DOW, though it never reachd its true target of 14400, could easily suffer a fall of (a further) 1000 without breaking the uptrend

Welcome back Richard, you didn't miss much LoL

TMC for Fliper



Neil, for clarity I have omitted some of the up trendlines that TMC has fallen through during the sell off. What you can see is that the stock is firmly entrenched in a bearish channel, so I wouldn't even condsider a buy until that changes.

The upper of the two trendlines was firmly breached today and the only one left is the lower which will offer support at 200p. There is also tentative support where it stopped today, but judging from the current overall state of the markets I wouldn't put too much faith in this. RSI and MACD both heading South with no indication of a change in sentiment.

Overall I think 200p is a distinct possibility.

pth

wot i am waiting for

outlook for tomorrow is dire ..... DOW now down 400!!
bloodbath is far more than a racing certainty and there will be massive forced sales, both for margin and computer generated.
it is at times like this that the minnows get totally hammered, and indeed become almost unsaleable.
i am glad i am short of at least one stock, though i am sorry for the many "friends" who are long.
even more glad that i liquidated plenty over the last couple of weeks so now have reasonable fire-power as and when the blood-letting looks to have run its course