A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets
have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts plus FX can also to be included in posters analysis.
Its very frustrating David, Im about 95% cash at the moment.
Problem is with the charts being at all time highs their is no forward technical guidance and the market then falls back on to P/E ratios which are looking very toppy.
Im hoping for a sharp pull back and then going into December say with the FTSE 100 at 6400 looking to get the usual xmas rally.
But who knows, you think one thing about the market and it does exactly the opposite LOL.
I am about 40% cash and have sifted through my p/f for shares I think should be sold. OPAY is one but I think it has more puff left. So get blowing....
Hopefully I have hedged enough.
Be carefull skinny a stock like that will drop like a lead weight on a market correction.
Yep I know Im a miserable so and so and was out of the market 4months before the fall in the dot com in 2000, but I had booked a fair packet and lived to trade another day, a lot didnt.
Hope you have a stop loss where you are satisfied with the reward. Too tight a stop loss and say we go onto set new records on the indicies worldwide and you will be cursing yourself.
I cant see us breaking records though, but hope we do but id be on edge all the time.