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Note to traders - Shares going ex Dividend Wednesday Interim Ex Dividend: AVON : Avon Rubber - 3.7(p) BSET : British Assets Trust - 1.3(p) CDFF : Cardiff Property - 2.2(p) CRY : Country & Metropolitan - 1.1(p) HMP : Hampton Trust - 4(p) ITE : ITE Group - 0.55(p) MAJE : Majedie Investments - 3.2(p) NHP : NHP - 3(p) PUB : Punch Taverns - 2.9(p) RE. : R.E.A. Holdings - 4.5(p) RNO : Renold - 3(p) SCV : Scottish Value Trust - 1(p) WTAN : Witan Investment Trust - 2.7(p)Final Ex Dividend: ABNY : Albany Investment - 5.4(p) AGG : Aggregate Industries - 1.67(p) AUW : Atrium Underwriting - 8(p) AXD : Alexandra - 3.3(p) BAA : BAA - 13.4(p) BOOT : Boots Group - 21(p) CAM : Camellia - 67(p) CHU : Chaucer Holdings - 1.35(p) CTF : City Lofts Group - 1.94(p) ENN : Ennstone - 0.78(p) ET. : Establishment Investment Trust - 1.45(p) FSTA : Fuller Smith & Turner - 12.21(p) HDU : Hardy Underwriting Group - 8.25(p) HEAD : Headlam Group - 10.25(p) HILS : Hill & Smith Holdings - 2.45(p) HTG : Hunting - 2.25(p) JHT : Johnston Group - 3(p) JJB : JJB Sports - 7(p) JMAT : Johnson Matthey - 18.2(p) LPK : Linton Park - 10(p) MCP : Martin Currie Pacific Trust - 1.4(p) MRT : Merchant Retail Group - 2.75(p) MTN : Matalan - 5.4(p) NRI : Northern Investors Company - 14(p) PEA : Peacock Group (The) PLC - 5.3(p) PILK : Pilkington - 3.25(p) PVI : Private Investors Capital Trust - 0.5(p) RTN : Restaurant Group - 2.9(p) SJE : Smith (James) Estates - 5.5(p) SMT : Scottish Mortgage Investment Trust - 0.4(p) YULC : Yule Catto & Co - 7.7(p)

Here you go, Stockbunny. I know you are a WLW fan. Check out the price
action and the Macd for the past 6 months.

Middle of Jan and the price peaks at 47.5p.
Note the Macd, the Blue line on the bottom chart. It peaks at the same
time.
It then crosses through the green signal line and then through the zero
line and keeps dropping.
The price falls to 39.5p before the Macd stops dropping and turns.
Beginning of Feb and the Blue Macd line crosses up through its green
signal line.
The price rises to 43.5p as the Macd squeezes back above the zero line
and starts to topple again.

It trends down again to 38p in April, with a few range bounces along
the way which are captured by the Macd and its signal line.

Since then, the Macd and the price have trended up, without dropping
back below the green signal, up to the present day.

Now you need to look at the Ma's on the main chart and see if they could
have helped you trade the dips and peaks along the way.

Happy investigating. :-))

Melnibone.

Melnibone:
How are you I hope fine and the Holiday was good. So now u r back with Batteries reacharged. Very good chart and explanations -very useful for everyone and as u say if u dont put your hand up and say please can u help and explain than u never know.

rgds
zarif

Hi, Zarif.
I'm in fine fettle thanks.
31'st wedding anniversary tomorrow, so I've been out buying
Mrs. Melnibone some trinkets today.
Doesn't seem that long, it's hard to believe.
I'm 53 but I still feel like I'm forty and most folk
won't believe I'm over forty when I tell 'em.

Mebbe it's all that Marathon fun running I did in my late
20's and 30's. It certainly fittened me up and knocked
years off my physical body and waistline. :-)
The waistline has put on a couple of inches now, mind. :-(
It does when you stop.

Musing on whether to open a short on the NDX, or wait until/if
it topples.

Melnibone.

If anyone needs to understand TA try these sites.

http://www.equis.com/Education/TAAZ/

http://stockcharts.com/index.html

"God" is on the second one!

Al
;-)

Thanks for that Al.

Just had a look at your favoured second site and it is
a mine of information and charts.

Think I'll be spending a few hours on that one, in the future,
checking out if my own views coincide with theirs. :-)

Melnibone.

Melnibone.

The God I refer to is Murphy. His book is considered the bible of TA, but is large and can be hard going - you won't get to grips with it quickly as it covers everything. My advice is to keep it simple at first using MA's and probably MCAD and RSI along with trends (channels) and support/resistance. That's all I use now. Tried all the complex stuff and it just confused me.

Keep it simple!!!

Another bit of advice is really understand what each does before trading with it. If you don't know what it's showing it can do more harm than good.

Don't often post in the Investors' Room, but hope it helps.

Al
;-)

Much apreciated Big A. Stockcharts.com do some really excellent charts
and indicators that don't appear in the usual list of TA indicators.
Here's a list of them for anyone interested.
http://stockcharts.com/charts/catalog/09.html

Here's one I like.
The Bullish Percent Index.
The Bullish Percent Index (BPI) is a popular market breadth indicator that is calculated by dividing the number of stocks in a given group (an exchange, an industry, etc.) that are currently trading with Point and Figure buy signals, by the total number of stocks in that group. Bullish Percent levels that are above 70% are considered overbought, whereas levels below 30% are considered oversold. Strong buy signals occur when the Bullish Percent Index falls below 30% and then reverses up by at least 6%. Conversely, promising sell signals occur when it goes above 70%, and then reverses down by at least 6%. It is important to note that the Bullish Percent Index is not something that can be applied to a single stock but rather an index that is calculated for a group of stocks. The most popular version of this chart is the NYSE Bullish Percent ($BPNYA) which is mentioned prominently in Thomas Dorsey's book, Point & Figure Charting however it is important to remember that the Bullish Percent index can be calculated for any grouping of stocks.