UK Stockmarket 2009 and beyond

tradetime

Market following the script, we had our holiday reversal, and we now see continuation of the prior downtrend. 1044 area is the first likely target where support may occur, should that fail then 1019 area would be my next target area.

carol01

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tradetime

carol01 wrote: »

reported spam

They should put a spam button on the profiles page, that way people could report multiple spam postings all at once simply by identifying the author of a spam post.

carol01

tradetime wrote: »

They should put a spam button on the profiles page, that way people could report multiple spam postings all at once simply by identifying the author of a spam post.

hiya yes i know you should be able to well hopefully this will go soon 21 spam posts and still here :eek:

sabretoothtigger

Im watching 1066 for some action, I expect it to fail and we go downwards on course with the red arrow shown here :

http://www.stocks-n-options.com/symmetrical_triangle.html


Im told Nov low or 1029 would be a good point for it rest at if volume selling occurred, it was the august highs



Shell spent 5bn on Natural Gas continuing their overall strategy I guess http://blogs.forbes.com/energysource/2010/05/28/shell-brushes-off-alaska-block-with-5b-marcellus-buy/


Ive been watching UNG and it appears to be outside of its negative trend. I would not have expected it do this in the summer months when gas surplus is true more then ever.
Its very negative but I do wonder if it can prove to be a good investment eventually, I think it will require a much weaker dollar to realise its true worth to america. I read the usa has exported some gas to the uk even
http://img708.imageshack.us/img708/595/ung.png


Last week I sold cne, got some hdy, gkp, bp, bnc, hyc & lloy.

The thing to buy last week was CEY, thats near the top of its range for now. POG is midway.
Hoc broke a downtrend I think
The same as FRES which is struggling at resistance. I can only hope silver will prove volatile and I'll get some at 650 maybe


FTSE futures is showing 5090, support at 5080 I think then 5055 and 5160 topside I think

turbobob

tradetime wrote: »

Market following the script, we had our holiday reversal, and we now see continuation of the prior downtrend. 1044 area is the first likely target where support may occur, should that fail then 1019 area would be my next target area.

Well, about half an hour to go and the US markets look in danger of not losing all their gains:eek:

sabretoothtigger

The triangle I drew above seems to have broken upwards. I did think it would go down if anything but it doesnt pay to have fixed opinions I guess


Obama gave a cheerleading speech apparently, speaking positively on jobs and natural gas. CHK was up 7% and ung about 5% which would appear to confirm its worst is over though I find that hard to believe.
Looking to sell into the rally leading to actual jobs figures on friday

SPY Volume confirmed the rises but I think overall today was below average?

tradetime

turbobob wrote: »

Well, about half an hour to go and the US markets look in danger of not losing all their gains:eek:

Yes be careful with any short term trading setup, they must be managed with good risk management and discipline.

Strong reversal on weak volume, but a strong day nonetheless, likely some shorts got caught. Market has to prove itself on the upside from here. 1145 is a possible bounce target, but it will likely be heavy going, short term traders have little choice but to sell into resistance anywhere between 1103 - 1120. Close above 1120 should see the bounce target full-filled. 1080 - 1083 short term support could be expected.

cloud_dog

sabretoothtigger wrote: »

The thing to buy last week was CEY, thats near the top of its range for now. POG is midway.
Hoc broke a downtrend I think
The same as FRES which is struggling at resistance. I can only hope silver will prove volatile and I'll get some at 650 maybe

I think both HOC and FRES are at resistance levels. Am looking to reduce some of my exposure.

cloud_dog

Interesting action going on with FRES today (currently up 23p / 2.5% at 943p)........ So is this a top blow-off or is it breaking upwards?

Decisions, decisions......:huh: