Has the stock market peaked?

Thrugelmir

EdGasket wrote: »

No idea why you think 6370 is a peak when FTSE was over 7000 a while back??

Do you expect the fortunes of the likes of Centrica, Tesco, HSBC, Shell and Glencore to turn round overnight. Companies such as these are the real drivers of the index.

coastline

kittie wrote: »

Ah well you see that is my personal strategy, I am always very happy with the bit in the middle ie I neither try to get the top of a trend nor the bottom. Believe me I was extremely happy to be safely banking a very large profit indeed. All my limit buys are in place now, good for 90 days and I`ll just carry on living my life while the sipp computers deal with my orders

Certainly works for me, obviously not risky enough for some, depends on outlook, age, pot size, circumstances. This is a pension in actual drawdown so I do have a primal need to be a conservative these days, unlike my early days of trading the dow

If you don't mind me asking what are you using for overbought and oversold indicators....considering you mention the study of charts.
Its always good to hear other peoples views despite the reluctance of most investors to follow this path..

[Deleted User]

coastline wrote: »

If you don't mind me asking what are you using for overbought and oversold indicators....considering you mention the study of charts.
Its always good to hear other peoples views despite the reluctance of most investors to follow this path..[/QUOTE

I use sharescope 15 minute delayed. Basic indicators for me are support and resistance, I also use channels and sometimes indicators like momentum or OBV (on balance volume) which may show divergence. I didn`t use them this time, just simple support and resistance and channels. I use mainly candlesticks or quite often one of the variations which takes out much of the `noise`. A lot of people gamble with shares, unless they just buy with a view to holding for income and possible capital growth. I don`t gamble and I do tend to be contrarian ie not a sheep

racing_blue

Kittie thanks for your post. I like to hear real life examples of how people approach investing.

Impressed that you have doubled a pension fund in drawdown.

bigfreddiel

I'm going to predict that the market will have peaked around about 2021, give or take 6-12 months!

Cheers fj

EdGasket

kittie wrote: »

I use mainly candlesticks or quite often one of the variations which takes out much of the `noise`

I use mainly tea leaves - quite often one of the supermarket value brands which takes out much of the 'flavour'; (probably where I'm going wrong with my investments lol)

masonic

Don't forget that if you let a candle burn out or light your candle from a fire, this could bring you misfortune. To counteract this, you could try swallowing a raw chicken heart.

[Deleted User]

EdGasket wrote: »

I use mainly tea leaves - quite often one of the supermarket value brands which takes out much of the 'flavour'; (probably where I'm going wrong with my investments lol)

proof is in the pudding. Lots of `punters` use tea leaves or they read some ramping or de-ramping stuff in papers or online sites. Baaaaaa. You can`t beat experience. The more they lose, the louder they shout

Let`s just say that I started small and now have way enough in the pot for my children, for their retirements as well as giving me a very comfortable old age for the rest of my life

You make your own luck mr gasket and it isn`t via sticking a pin in a list and hoping for a wish to come true

racing_blue

I wonder what Kittie's attitude to investment risk is. Because my understanding is that in order to buy the chance of a better return, it is generally necessary to run the risk that outcomes may be worse.

If their method has beaten the market since 2006, then is this just one flip of all possible coins? Could Kittie's twin, lets call him Doggie, be sulking somewhere because active trading using candlesticks has halved his pension?

_CC_

Doubling your money in ~10 years, unless my maths are off, just means an annualised return of around 7%.

Was the level of risk and time/effort involved worth that level of return? Different strokes for different folks.

Facts are there were mainstream passive funds where you could have invested the same sum, kick your feet up and relax, yet achieve the same result or better.

The HCBC FTSE 250, American, Asia Exc Japan, and Pacific (Ac.) funds would have yielded better returns. All are popular, mainstream funds.

The poor performance of the FTSE 100 has been brought up, but even this (HSBC Ac.) has returned an annualised rate of 5.7% , 75% over 10 years.

A decent, balanced portfolio would have more than likely doubled your money over 10 years, with no stress or work to boot.