Ashtead Share Discussion Threads

[disc0dave45] 12/1/2023 14:14

US CPI lower than forecast at 6.5% (forecast 6.9%)

[bracke] 11/1/2023 18:09

disc0

Known unknowns or unknown unknowns.

[disc0dave45] 11/1/2023 17:46

Forgot to add, ex div tomorrow 15 cents (12.4p)

[disc0dave45] 11/1/2023 17:40

Good evening Mr b "Either way unless and until the markets 'take fright' at one thing or another the gap is unlikely to fill.....but I do think it will."What "fright" are you expecting that isn't already priced in?

[bracke] 11/1/2023 13:41

Good day disc0


"It would not take a very large fall to fill it.”
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Perhaps I should have added 'relatively speaking'. Viewing the chart I posted it will be seen less than a 50%Fib retrace would fill the gap.

It seems that the US Markets are not bothered about the FED Benchmark Rate going above 5% or they believe it will not reach that level. Either way unless and until the markets 'take fright' at one thing or another the gap is unlikely to fill.....but I do think it will.

The event Mr Powell spoke at was about Central Bank independence and he stuck to that. US CPI tomorrow and the US earnings season commences on Friday.

[disc0dave45] 11/1/2023 10:17

Good day Mr b"At some point I do expect the gap at 4550 to fill. It would not take a very large fall to fill it."Forever a glass half empty and full of gaps.....perhaps the 4550 gap is the new never to be filled gap of 2888?. Would say a 10% fall is a very large fall but then I'm forever a glass half full chap....but respectful of guru status.Mr P seemed more interested in policy and politics than giving any clues about rate hikes. US CPI and jobless claims tomorrow may pivot the Powell :)

[mayers] 10/1/2023 23:00

Thanks for that Bracke and for your display of the graphs.

[bracke] 10/1/2023 16:39

Good day mayers

At some point I do expect the gap at 4550 to fill. It would not take a very large fall to fill it. I did think it would have done so by now but the share price remains resilient. As to what will cause it to fill I don't know. The US markets continue to look on the bright side.

There is another gap down at 2888. Barring a major catastrophe it looks set to remain for a long time if not forever. On the bright side there are two gaps to be filled near the high at 6200 and 6328. Little doubt these will fill but it may not be until 2024.


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[mayers] 09/1/2023 20:01

bracke
I imagine it may be difficult to say but how great is the threat of the gap at 4550 but does it remain there to be readily filled on a bad day, an abrupt fall or one with some warning? Thanks.

[bracke] 09/1/2023 17:05

Good day disc0

"What a guru! :)"
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I've been saying it for years!

The US markets are looking to the 'Sunny Upland' for a reduced rate increase at the next FED meeting; maybe 0.25%. BUT he who can and often does put a spanner in the works speaks tomorrow; yes it's the one and only Mr Powell!!! The man who can turn optimism to pessimism with one word and vice versa.

I will await the uttering of 'The Powell' with colonic anticipation!

[disc0dave45] 09/1/2023 16:47

What a guru! :)

[bracke] 09/1/2023 10:59

Looks set to reach 5100.

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[bracke] 06/1/2023 14:51

"so far" being the operative words. Market has changed its view....just for now.

[bracke] 06/1/2023 14:13

Good day disc0

Following the US data release this morning the market has decided to focus on slower wage growth and ignore the rest......so far.

[disc0dave45] 06/1/2023 14:02

Good day Mr bThe hound loves Icecream!, woof.223k US jobs added Dec.....all those turkey pluckers! :)

[disc0dave45] 05/1/2023 09:25

Mr P seems to be standing firm on his now hawkish opinion.....but he's known to change his mind!.Just noticed AHT's golden cross occurred in Nov, can't recall it being mentioned?.

[bracke] 03/1/2023 18:39

Tomorrow at 19.00.

[disc0dave45] 03/1/2023 16:48

Happy New Year Mr bNobody IMO can forecast the future to such an extent particularly a decade.Yes a bull market will happen, like night follows day, but who knows when....a lot a saying H2 could see the start but who knows. I'm just building up my PF cautiously.Is our friend Mr P giving his minutes this evening or is it tomorrow 7pm GMT?. Soz I'm being lazy :)

[bracke] 02/1/2023 16:30

Happy New Year disc0

Thank you for the link.

Will you be placing your bets/investments on the strength of it? It's a macro forecast based on very historical data. The idea of using charts to forecast where markets will be 10 years hence is not for me, I'm far more micro....no rude comments please.

The three main US Indices were all down in 2022:
NAS 100 -32.97%
S&P500 -19.43%
DOW30 -8.78%

The FTSE100 finished up 0.91%

Barring something truly catastrophic it's a fair bet that the US Indices will recover some of the losses but we may have to wait into the second half of the year.

As a short timeframe trader who trades long and short I will continue trading the strategy and tactics that I have evolved over the years which work for me.

On a slightly different subject I saw 'Biden signs $1.7 trillion government spending bill into law'. The irony was not lost on me that Biden has approved spending on a range of projects whilst Powell is trying to reduce inflation by means of interest rate rises to reduce spending. It's probably part on a cunning plan but the logic eludes me.

[disc0dave45] 02/1/2023 13:38

Mr bYou may find this of interest, but then again you may not!. Bulkowski's forecasts:Https://thepatternsite.com/JanForecast23.htmlHave a happy and prosperous 2023 everyone

[bracke] 29/12/2022 14:37

Good day disc0

"Guess every investor (& shorters like yourself) gains in one way or another from some people being impacted negatively. Balanced with charitable donations to ease the guilt!."
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Yes very true.

As for Mr P who knows. Even if he does what the market thinks e.g. 0.25% it's what he says afterwards that determines the market reaction.

AHT is taking its time dropping to fill the 4550 gap.


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