I suspect trading tomorrow will probably answer this conundrum, but I know there are some far wiser owls than me that contribute to this bb & I would be interested in their opinions.

My question is this: the chart below looks to me like a pullback of the uptrend (ie when it went north through 14.00) however I am unsure as it has now broken down through 14.00 whether this is trending up or down :-(

So what do you think - up or down, or should I just flip a coin :-)) ?

Went short @ 105.92 on the spreads, target 95.0, stop now at entry for risk free trade.

Target hit and out for now @ 95.0

KEEP an EYE @ 99.60p

Retracement done and now moving forward after bullish Candlestik de last couple days ( morning start ). Share price bouncing from 50 days MA.

MRSI - where is the fibonacci chart option on advfn please?

Wanting to break 100p once again was at 100p offer a couple minutes ago, should be poistive if it does soon.

All the Indicators looking positive as the are bouncing from oversold position
Share price kept ( bounce from ) the UPTREND bottom trendline

Interesting , general market remains bullish then could be looking at an easy 40% upside within 3-6 months.

A full penny up for starters and moving well over 100p, yesterday at the end was the market drop that brought down the stock.

Very volatile at the start as usual on the order book

MRSI - see post 710.

I had a closer look at the 5 days chart and I am reaching the conclution

Someone or a group of shorters are taking a short position every time the share price reaches or close enough 100p.

Most likley they know if it breaks that point the share price will move againts them so they have to supported taking further short

menorca - I am not a chartist, does the gap to 91ish have any significence or is it totally irrelevant?

No reply your worship.

I'm only a learning chartist but my understanding is that the gap has to be filled. Having said that I've been waiting since Jan for the gaps in Barclays to be filled but perhaps there's no time limit on the filling to happen! That might keep you going til his worship replies. I'd be interested to he what he says too.

Chris Carson

re - GAP at 91p

Take it with a pinch of salt but GAPs sometime are filled and other times are not

You have the one at the beguining of January at 84p it was never filled

It has some importance on the mind of many investors, and for that reason some are put off to take a buying position till that point is reached

Most likely in the short term the share price could drop to 95p again for a Double Bottom

But if the market gets nasty then 91p could be filled

There are some support around the 50 days MA lately

Thanks menorca.

The shares have been flagging lately that on any UPTREND this is positive.

shares have been strong since the recovery yesterday afternooon, so is back were it started yesterday morning.

maybe one could say easy down easy up

The trend is certainly on the up

Buy order triggered on the spreads @ 100.68 menorca see what happens. Target 115.0 Stop 89.0.

Some NEWS after closing yesterday ( AHL made 2.1% last week alone) has got the shares moving this morning .........

Man Group plc - 12 March 2013
Weekly Net Asset Value: Man AHL Diversified PCC: Class A Man AHL Diversified (Guernsey) USD Shares
As at the close of business on 11 March 2013, the Net Asset Value of Man AHL Diversified PCC: Class A Man AHL Diversified (Guernsey) USD Shares was US $1.1872
Track Record: From inception on 3 January 2008

Key Statistics
Last week 2.1%
Last 12 months 0.7%
Annualised return since inception 3.4%

AHL was founded in 1987. The net asset value of one of its longest running funds, Athena Guaranteed Futures Limited, is published monthly. As at 28 February 2013, Athena Guaranteed Futures Limited has generated an annualised return of 12.0% since inception on 20 December 1990.

another push this afternoon 103.65p now breaking the previous intraday high and the last couple days