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 can also to be included in posters analysis

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RESOURCES

http://blog.tradersdaytrading.com/ http://stockcharts.com/school/doku.php?id=chart_school http://www.cantos.com/charts/masterclass http://www.onlinetradingconcepts.com/TechnicalAnalysis/ZigZag.html http://bigcharts.marketwatch.com/ http://www.stockmarket-coach.com/index.html http://www.trade2win.com/knowledge/equities/ http://www.financial-spread-betting.com/

CHART SCREENERS

http://www.iii.co.uk/spreadbetting/?type=technical http://www.barchart.com/lookup.php?field=name&search=contains&string=YELL&e=nf&type[]=2&type[]=1&type[]=5&type[]=9&type[]=10&type[]=4&type[]=CAN&type[]=LON&type[]=IND#results http://www.autochartist.com/ Nb, only free to IG Index Members. http://www.britishbulls.com/

BULLISH TRENDING CHARTS. Timeframe 3 Daily. Updates And Renewals Will Take Place On a regular basis.

MOMENTUM http://www.onlinetradingconcepts.com/TechnicalAnalysis/Momentum.html ADX http://stockcharts.com/school/doku.php?st=adx&id=chart_school:technical_indicators:average_directional_

BEARISH TRENDING CHARTS Timeframe 3 Daily. Updates And Renewals Will Take Place On A Regular Basis.

12 WEEK HIGHS Timeframe 3 Daily. Updates And Renewals Will Take Place On A Regular Basis.

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Banks getting clobbered today on back of greek issue.

Yes my "New Highs" list is very short and the "New Lows" list growing by the day.. AIM in particular has got something like 130 shares on or around their 12 month lows.

RSA (I hold) is looking at the 12 month low 98.50 - which is also the 6+year low.

hic

Holding for yield? It's pretty much flat on a total return basis over 2 or 3 years.

They are in the 'safe' part of my SIPP :-)

I bought in the fall last summer @127 and twice since - my average is @112p

That PERFORM PER chart I was on about earlier. Love these type of charts that arent erratic and volatile and just move up smoothly, leg by leg......

Went ahead and bought PER, couldnt resist that chart.

How is your AAT?

RPC chart looks interesting breakout through roof of downtrend ceiling. Wonder whats going on here.

Here's a chart of the FTSE All Share Index with some market indicators. These are different from standard technical indicators in that they are derived from all the components of the index rather than just the index itself. Some more details at Stockcharts introduction to market indicators.



Some cut and paste commentary on what they can mean:-

* Advance/Decline Line
The Advance/Decline Line (A/D Line) is a measure of market strength and direction. Typically, a rising A/D Line (when more securities are increasing than decreasing) coincides with a rising market. If more securities are decreasing, driving the A/D Line lower, the market is usually falling.

Declining issues outnumber the advancing issues. This is causing the Advance/Decline line to fall. A falling Advance/Decline line indicates a falling market.

* McClellan Summation Index
The McClellan Summation index is a long-term version of the McClellan Oscillator. Both indicators detect overbought and oversold conditions. High values are overbought and are considered bearish. Low values are oversold and considered bullish.

The falling McClellan Summation indicates a sell off is in effect.

My comment - it is not "oversold" and no sign of divergence. The selling could well continue...

* Cumulative Volume Index
The Cumulative Volume Index is a running total of the differences between Advancing Volume and Declining Volume. It is similar to On Balance Volume and is used to show whether volume is moving in or out of the market.

The Cumulative Volume Index is trending down, suggesting that money is moving out of the market.

My comment - note the Cumulative Volume Index has failed to make any new highs since April 2010. This was really when the EU crisis started to blow up in a big way.

* New Highs/New Lows Cumulative
The New High/New Lows Cumulative is similar to the Advance/Decline Line. It reflects the market direction based on the number of securities making new highs versus those making new lows. Generally, if more securities are making new highs, the market is moving up. If more securities are making new lows, the market is moving down. However, when this indicator reaches extremes, it signals the market is near to exhausting its motion in that direction and will reverse soon. Since extremes are difficult to identify until they happen, when this indicator is making new highs or new lows, it is a strong signal of market direction, but should also be viewed with the caution that a reversal may occur soon.

The falling New Highs/New Lows Cumulative shows weakness in the market. Look for a downtrend.

Interesting Jonuk. I have used mclellan previously but not these others. Im printing your post off and Ill have a good look at this over the weekend. Cheers.

Shame to see this I started my Investment days on the old Jenkins matched trades platform many years back. Met some good mates along the way. Never really thought they would survive but it was fun but ohh so illiquid.

Wonder if AIM will be next. Hope not but their is some s---e on their. Especially foreign stocks.

http://www.growthcompany.co.uk/news/2103403/plus-to-close.thtml

How long ago did PLUS start GF ,i remember buying a stock listed on there ,i cant remember which one.

ohhhh it was after dot com then I think it was the recovery in may 2003 and afterwards but cant remember like you .

Jenkins was way before that.

Problem is unqouted site aint their anymore. Their were other small sites that covered. Winnifrith had one and sharecentre, plus a chap called Conrad Widnham he had a site. All dissapeared. Writing was on the wall.

Wasnt Medical Marketing was it the stock. that was a 30 bagger for me. Ashpool was another favourite. Think Motion Media started their aswell. Britania Finance. The gooners were on their. Some well know names but I havent been on for about 5 years now.

Peter Hippy a very well know PI and angel investor was a big fan I heard he died last year in a motor bike accident in Bangcock only in his early 50s. Hed have been very sad to see it go down.

I think it was Medical Marketing ,wasnt a 30 bagger for me though i was too quick in and out back then , and your right it probably was about 2003 .

I think OFEX started circa 2003 and became PLUS @2007 ?

Thats it Skinny spot on, Offex was a development from Jenkins platform yep.

Bullish wedge and lower indicators turning positive, plus big volume and EMAS turning up. ....... I like these type of companys.

Interesting fresh off twitter.........

#ICAP buys Plus Markets exchange for a £1