UK Stockmarket 2009 and beyond

sabretoothtigger

$16.5 was a big number for SLV apparently so see if it can stay above this or not. I wonder if a fancy share sell order could trigger off a commodity price, I bet somewhere does that
http://img10.imageshack.us/img10/2145/slvbigchart.gif

Took some charts of Fres and silver and drew some lines

http://img225.imageshack.us/img225/4443/silverv.jpg
http://img248.imageshack.us/img248/407/25013413.png
http://img12.imageshack.us/img12/720/fres.png

I keep thinking there's got to be (????) a short-term blow out soon, got to be, hasn't there

upsidetrader
voulme up 40% 2day over 90 day average, up+25 yesterday and day before, so vol is picking up-blowoff top? who knows

Whens that options witching day thing, end of this week?



Barclays throws 12.3bn of credit market 'assets' into a liferaft and casts them adrift - http://www.iii.co.uk/articles/articledisplay.jsp?section=Markets&article_id=10053049




Rough estimate for ftse top would be 5400 shows next 'wedge' of resistance in price volume traded, this represents last summer and previous history.
This is assuming ishares etf is proportional to the market
SPY is in a vacuum, 1200-50 is topside so it says. Longer term - 115

turbobob

On the resources theme I noticed ENRC broke out from a symmetrical triangle pattern yesterday on high(ish) volume. Maybe has a bit of catching up to do with its brother KAZ?

tradetime

Whens that options witching day thing, end of this week?

Triple witching, sometimes now called Quad witching occurs on Friday. Easy way to remember it is, that it is the Third Friday of the Third month, ie March, June, September and December. Normal options expiry is simply the third Friday of every month.

turbobob

cloud_dog wrote: »

Been away for a few days on business and it seems 'crazy FRES' has decided to completely ignore my post of possible action and has continued withi its balistic rising. So, the questions are...........

• Will it reach / exceed my 810 possible high
• What will I do if it does :-)

Err, its there (827p at the moment of typing) :money:

tradetime

turbobob wrote: »

Err, its there (827p at the moment of typing) :money:

:rotfl::rotfl::rotfl: Crazy dayz!

cloud_dog

tradetime wrote: »

:rotfl::rotfl::rotfl: Crazy dayz!

As I type its back down to 808, so its spiked up butits dificult to read the SP intraday, we'll have to wait for closing price.

It may just follow a similar trend to the late April / May rise and pullback a little bit / level off and then push on again.

With the recent bullishness around silver price action (see STT post, etc) I don't know where its going to end but....... it will end at some point.

RE the witching hour, there was an article (I linked to on one of the Gold threads) which gave justificiation for thyis FRiday as the pullback trigger (who knows - certainly not me).

[Deleted User]

Bullishness is gathering momentum

http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=357677&re=6860&ea=3040

uk_steve

got my account details for iii i note they charge extra for limit orders :-(

£2 a pop extra on top of the £10 per trade = £12 eachway buy or sell

even charge you if you cancel or amend the limit order details

he!he! sods!!


back to deals

sold SAM made 20% on my stake :-)

uk_steve

any of you folks use real live dealing accounts?#


level 2 or 3 is that the name for them?


i am sure this is really my best upgrade for me if its not too dear


speak soon

turbobob

uk_steve wrote: »

any of you folks use real live dealing accounts?#


level 2 or 3 is that the name for them?


i am sure this is really my best upgrade for me if its not too dear


speak soon

Hi, do you mean direct market access? Essentially this allows you to bypass the market makers. Theres some more about it here - http://www.londonstockexchange.com/private-investors/tools-and-services/direct-market-access/direct-market-access.htm

I have the facility to use this through IG Markets but TBH I have not used it yet.Will look into it at some point I think its more of an essential for a day trader as opposed to a longer term trader.

Level 2 data allows you to see the depth of buy and sell orders on the stock exchanges system. This could help tell you for example where there is likely to be levels of support and resistance, and whether more people want to buy or sell etc..