Chariot Share Discussion Threads

[andonis] 10/2/2010 09:56

I do expect a down day today nav yes.

[navyan] 10/2/2010 09:55

wont be today, will it? next couple of days as the above cycle chart suggested?

I like truth :)

[andonis] 10/2/2010 09:54

Truth is I do get things wrong. So Do your own work before you risk ANY money, all i post is NOT recommended and all liabilities as well as gains and losses are totally yours.

[andonis] 10/2/2010 09:53

Nav I dont want to be accused of giving cheap free gifts. LOL
But today as Axe says it is a great day of falls. Seat belts on. LOL

[navyan] 10/2/2010 09:50

I can see a lot of work been done here this morning :)

nice charts Ando. especially the last two charts.

[andonis] 10/2/2010 09:39

Clear as crystal we are going to have fun.

free stock charts from www.advfn.com
and for those who need glasses.........

[axe79] 10/2/2010 09:25

If it breaks through 10,000, well we be off to the races!

[andonis] 10/2/2010 09:17

You wont find this in the books.....Not even our tea boy knows nor agrees with it.
Wave (I) and (V) of equal length and wave (III) a clear and precise Fibonacci wave.

[axe79] 10/2/2010 08:49

As Paul Simon sings....

I'm just a poor boy with diamonds on the soles of his shoes


He he

[andonis] 10/2/2010 08:19

You have the ways and confidence and the gut feel like nobody i am sure. Just do not overtrade. We all do it at times and pay for it. But maybe you are a secret quiet millionaire who owes a cheap Greek island and you keep it quiet.

[axe79] 10/2/2010 08:18

Didn't enjoy yesterday, held short and rode through the carnage. Didn't make a bean.

Hope to make up for it today!

[andonis] 10/2/2010 08:15

Hi Axe. Enjoy trading today!

[andonis] 10/2/2010 08:13

have added MACD

[axe79] 10/2/2010 07:38

Morning Tony, yesterday was a wild day.

Much of the market action due I think to the reported 5 Billion short the Hedge funds have out against the Euro!

The rapid spikes up apparently were due to short covering, big volume seen at times.

I agree with you, today should be down. The big rise (Bear squeeze) having been pushed as high as it was came up to (as your charts show) a level of strong resistance that will not be broken through at full stretch.

My bet is on the Hedge funds, they will not get turned over by any government.

This is set to fall heavy!

[wookie77] 10/2/2010 07:34

andonis, stop being a drama queen!! i meant nothing by it. I find this thread impressive and very useful. I was a leg pull more than anything!

[andonis] 10/2/2010 07:20

Keeping it simple. Red resistance line has been hit.
The rebound as you can see has at the same time has been all the way to 1/3 of the total fall. Near term therefore we should see a fall. How low is it going to be and WHEN then ask god...or use your head.....Will it be lower than 10k or not? If you like Elliotts look at the higher order level to get a feel of the direction that the lower order should take.

free stock charts from www.advfn.com

[andonis] 10/2/2010 07:15

From another site.....Major Distribution Day seldom comes alone, in another word is that there could be another big sell off ahead....

[kash18] 09/2/2010 21:50

hi all


have been watching your charts, don't fully understand them yet, are we saying it's back to 9860 and trading is within the triangle for the time being. Could it not break out to the 10200 level.

sorry if this sounds a stupid question

[navyan] 09/2/2010 21:34

I say it is going DOWN.

[andonis] 09/2/2010 21:26

So 3 guesses what the market should do from here...

[andonis] 09/2/2010 21:23

The label 3 should be lower....but cant be bothered changing it...

free stock charts from www.advfn.com

[andonis] 09/2/2010 21:14

60 points and I bet overnight it will go to 10k. But if it doesnt I get a kick in the back for saying it will.

[andonis] 09/2/2010 20:57

there you are 60 points drop near the close. I am sorry I disappoint some people for the free commentary.....