UK Stockmarket 2009 and beyond

[Deleted User]

those horizontal lines look like pivot points and generally, if prices are above the pivot point, then the oulook is bullish. Pivot points are based on previous data

I don`t use them

stt, how can I post a chart?

tradetime

On SPY second chart from the left the green line is the pivot, so I assume the others are pivot related, such as the s r and m levels,. I've never really got into pivot points either.

Article on them here. most charting software wil calculate the pivot levels for you.

tradetime

turbobob wrote: »

On the subject of support/resistance points, what do people use to determine these most often? Low and high prices? Closing prices?

Support and resistance for me are areas where demand overwhelmed supply, or supply overwhelmed demand respectively, high price and low price do have a potential for resistance or support, it depends how they were formed, and how the market reacts when arriving here again.

tonygee_3

Would have expected a bounce today after the way the DOW finished
'2 steps backward and 1 step forward'
Seems buyers reluctant ahead of earnings

tonygee_3

kittie,defensives may be holding up at the moment but these are usually sacrificed when cyclicals take off
I will be buying beaten down cyclicals first then transferring to better yielders afterwards at cheaper prices
fingers crossed

tradetime

kittie wrote: »

stt, how can I post a chart?

Kittie depends whose chart it is, if it's from a website you can right click on it and "copy image address" or "copy image location", (depends how it's worded in the browser you're using) and then use the "Insert Image" button when posting.
If it is your own, then you need to put it somewhere, either on your own site, or an image host. I usually use msn sky drive to host images I post, it's free.

turbobob

tradetime wrote: »

Support and resistance for me are areas where demand overwhelmed supply, or supply overwhelmed demand respectively, high price and low price do have a potential for resistance or support, it depends how they were formed, and how the market reacts when arriving here again.

Thanks for that. So its how the market reacts to the levels which is important. I was thinking I can see it on individual stocks, and surprisingly often support and resistance points seem to be round numbers. This is logical as someone will have a price target to buy or sell a stock.

I'm less clear on how they occur on indices, as obviously they are a collection of individual stocks and not really tradeable in their own right?

Nosht

tonygee wrote: »

Where do we go from here?
Some stocks have had a great run since early March is it time to cash in and wait for the next drop or have we bottomed and its a steady rise from here?
I would like to here from anyone who saw the last recession, late eighties,pan out and how the sectors reacted.
I viewed charts from then,it shows volatility till '92 before a general steady rise although different sectors behaved differently
Any thoughts appreciated

I think that this year a lack of confidence will kick in when unemployment figures rise creating further falls to about the FTSE 3000 or below mark.
This will only be rectified by a change of government next year.

Regards,


N.

sabretoothtigger

Its more complicated then that though because the ftse outperformed while our currency was devalued.
Now our currency has come back 20% or whatever, theres a bigger argument for a fall in the actual number

This is happening with the sp500, their dollar index is rising but the share index is declining but the net result is the actual value may be staying roughly the same

My conclusion is we wont see 3000 on the ftse even if value falls

The chinese I think are going on about imf sdr instead of dollars because it would be an index level instead of an arbitrary currency value that is confusing matters like above


Kittie - www.tinypic.com and copy paste the [Img]code it gives to here going on the above theory, the dollar index is down in the last 24hrs so the chances of staying above 900 is improved and the ftse might keep its 30pt 'bounce' ,otherwise I thought the close below 900 was a fake out (that wide pic is screwing up the text on this thread page opps :laugh:) Btw Moneyam looks good because it shows the spread % altering in realtime on the stocks which is an important cost and also indicator ? Hyder with market cap of 50m is 2.5% spread jeez! Most ftse is below .2% and rbs or shell are half the spread of that[/img]

uk_steve

my stocks have all been in the red for the last few weeks


i did buy a few last week nothing amazing just my faithfull
gmd and another

i do have a cash reserve to buy new stocks but ive been a bit picky recently when seeing my screen all red (you learn as you go along;))

mind you away from stocks
i purchased an ex st john ambulance hall in my home town via a property auction just completed yesterday

im hoping that i get the thumbs up to turn in to flats by the local council?!?!?! if not i be opening a cafe or something

that sure will keep me bizzy for mths whatever way the results go