Not looking very healthy

testing 14

watch the stalks, if any, on the last candle. They will give a hint as to bears or bulls in control

Amities / Objective discussion ? On SEO ? ln the interests of brevity i will merely say personally l think 10p will be upon us the very moment MMS have cleared this massive overhang of stock . Even to the MOST amatuer of chartists things look utterly dire . But i dont think we need look at the chart to see whose in control . Observe the volume of sellers. ....

can you change the blue to red , you know it makes sense and are you short?

no maddoctor I am not short. I bought and sold twice on stop losses at around the 22 and 18p mark. Each time for a small loss. It does mean of course that I preserved my pot and may (or may not) buy again on a bounce if it tests the 4-6p region.

looking as well , you were abit hard on the non-believers in TA!
thro' 62% AND WHERE WILL IT end , still some support at 13 although volume was poor before

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