stockmarkets -are we nearing the bottom or is there further to go ??

[Deleted User]

If you look at a ukx 1 year historical graph with 1 day candles, at the trend channel lines, ie the top points of the graph and the bottom points, then we are clearly at the top of this range. Projection to a potential bottom of range at approximately 5575. Stochastics and macd indicate potential sideways movement for a while and then the range bottom may well be a target. Put it this way, I would not be long ie betting on a steady rise. The monthly chart is a definite negative.

Day traders must be having a field day with all this volatility

oh I must go, didn`t mean to pontificate about charts, I know there are anti chartists here but each to their own. Dyor etc and whatever you do, all the best

bowlhead99

Some 200 posts earlier on this thread (#131) I mentioned having just bought some Deutsche Bank shares the day earlier. Cost me €13.255 then. After the ECB announcement today they spiked up by another euro or so and my limit order sold a bunch of them for €18.45.

39% rise in 28 days is not too shabby. I have no idea what the macd or stochastics or bollinger bands say about where it's going next as I haven't tried to read the chart tealeaves.

But having recovered 85% of the purchase cost by selling only 60% of the shares, the rest can affordably sit in my pension for a few years and hopefully be worth something in the long term.

My monthly regular purchases in my SIPP went through today (youinvest do the bulk buys on the 10th each month) and this month I'd set them to Personal Assets Trust which is positioned rather more defensively than most.

coastline

bowlhead99 wrote: »

Some 200 posts earlier on this thread (#131) I mentioned having just bought some Deutsche Bank shares the day earlier. Cost me €13.255 then. After the ECB announcement today they spiked up by another euro or so and my limit order sold a bunch of them for €18.45.

39% rise in 28 days is not too shabby. I have no idea what the macd or stochastics or bollinger bands say about where it's going next as I haven't tried to read the chart tealeaves.

But having recovered 85% of the purchase cost by selling only 60% of the shares, the rest can affordably sit in my pension for a few years and hopefully be worth something in the long term.

My monthly regular purchases in my SIPP went through today (youinvest do the bulk buys on the 10th each month) and this month I'd set them to Personal Assets Trust which is positioned rather more defensively than most.

Well done..:)

https://uk.finance.yahoo.com/q/ta?t=1y&l=on&z=l&q=l&p=&a=ss&c=&s=DBK.F%2C+&ql=1

darkidoe

This is me speculating but I hope the bear market continues so before I put in this year's +/- next year's S&S ISA allowance. Jumping right into the pits. Still considering whether to go in all at once or to spread out the the buying.

bigadaj

kittie wrote: »

If you look at a ukx 1 year historical graph with 1 day candles, at the trend channel lines, ie the top points of the graph and the bottom points, then we are clearly at the top of this range. Projection to a potential bottom of range at approximately 5575. Stochastics and macd indicate potential sideways movement for a while and then the range bottom may well be a target. Put it this way, I would not be long ie betting on a steady rise. The monthly chart is a definite negative.

Day traders must be having a field day with all this volatility

oh I must go, didn`t mean to pontificate about charts, I know there are anti chartists here but each to their own. Dyor etc and whatever you do, all the best

Fair enough, you are at least providing some firm predictions which you've veered away from previously, so will be interesting to see what happens.

Does the 1 year graph work with the leap year, and why not use 3 or 6 month trends, or 5 years for that matter?

coastline

bigadaj wrote: »

Fair enough, you are at least providing some firm predictions which you've veered away from previously, so will be interesting to see what happens.

Does the 1 year graph work with the leap year, and why not use 3 or 6 month trends, or 5 years for that matter?

Think this is still showing a daily time frame but its a 3 month chart and the stochastics have worked well at the cross over recently.
If it worked every time we'd all be millionaires but as you know no system is anywhere near perfect.
I use it for a guide in my buying and selling of FTSE ETF.. ISF.L...

https://uk.finance.yahoo.com/q/ta?s=%5EFTSE&t=3m&l=on&z=l&q=l&p=&a=ss&c=

BananaRepublic

bigadaj wrote: »

Also for banana republic, where are you sourcing this reputable advice? Is this from an ifa, subscription services, your own knowledge or something else.

Could you be more specific as to what particular piece of advice?

On a general note, I've had bad experiences with IFAs and avoid them. I suspect I do not fit their customer profile. Not sure what a subscriptin service is. My views are based on my experience of investing over twenty years, as well as decades working in technology companies e.g. telecoms, oil and gas exploration etc. My background was originally theoretical physics. I am more of a long term investor, I'm too lazy to buy and sell frequently.

BananaRepublic

bowlhead99 wrote: »

[Donotfeedthetrollsdonotfeedthetrollsdonotfeedthetrolls]

...[dammit]

No Glen. Is someone other than yourself saying that we are a republic?

Do let us know who is saying that and why, if you are satisfied that the rumour that we're a republic is false, you are so agitated by it.

:rotfl: Could you possibly remind me what you were telling me earlier? I can't seem to recall it.

Since this issue is clearly of interest, I will reveal that I like bananas. In terms of value for money, I don't think any food item comes close. It makes me wonder how a foodstuff can be so absurdly cheap, I can only assume that someone somewhere is being exploited.

Glen_Clark

BananaRepublic wrote: »

:rotfl: Could you possibly remind me what you were telling me earlier? I can't seem to recall it.

Since this issue is clearly of interest, I will reveal that I like bananas. In terms of value for money, I don't think any food item comes close. It makes me wonder how a foodstuff can be so absurdly cheap, I can only assume that someone somewhere is being exploited.

You may be bananas but that doesn't make you a Republic does it?

[Deleted User]

bigadaj wrote: »

Fair enough, you are at least providing some firm predictions which you've veered away from previously, so will be interesting to see what happens.

Does the 1 year graph work with the leap year, and why not use 3 or 6 month trends, or 5 years for that matter?

That last sentence of mine. I assume that you don`t understand any charting. Apologies if I am wrong. The one year graph refers to a graph over a period of one year. I jump my charts on 6 months, one year 2 and 5 years. I could do years in between but no need. I can use any length of candle or bar. If I use a weekly chart on a one year graph, then I would get 52 points of reference on that chart and so on. It is always good to get the overall background trend, particularly if wanting to invest for the long term. The weekly and daily would be the most helpful if I wanted day trading positions ie at the moment I would only go short but to do that I would sit on my hands and wait for various points to be hit first

Re the top sentence, I do not make predictions. They were simply my musings ie to why I would not be buying at this point in time. One or two people may want to know numbers and that is why I put them in. Same as I never ramp or de-ramp shares

Anyway an interesting period coming up of simply watching and waiting. Bowlhead very well done on that trade. I used to do that at times and sometimes it was like getting shares for free

Br, you are physics as well? interesting. I am physics too and a bro in law was astrophysics then started a hedge fund. Hedge fund groups are full of physicists turned traders. They are very secretive btw. Re financial advisors, we turned tail when one recommended hedge funds for the pension.