Chariot Share Discussion Threads

[andonis] 04/10/2010 13:27

short at 12:38 was spot on then Nav. We said Mrs Thatcher when u were a baby.

[navyan] 04/10/2010 13:16

who are 'we'?

[andonis] 04/10/2010 12:24

well inversion time It seems we go short at 12:38 hrs. Lets see if we are right this time....

[andonis] 04/10/2010 11:37

Tip: Well regarding FTSE today. Consider going long at 12:38 hrs and see what happens I will tend to close my longs 13:50 to 14:00 lets see...(all an opinion not advise)

[andonis] 04/10/2010 11:35

Morning Nav, yea nice chart. I tend to agree...it is possible to get 10k. Lets see...

[andonis] 03/10/2010 16:33

It would be fun if it came down in flash to 10,000 and back up to hit new highs!

[rvfchick] 03/10/2010 09:54

(laughing)
As you've maybe noticed, I trade intraday as it's how I earn my income. But the control freak inside me needs to understand the ruling market conditions when I'm trading. Despite all my wee lines on the screen over the last few years, I'd missed this particular potential.
The interesting thought behind is is applying H&S arithmetic to the neckline takes the DOW to zero in around 5 - 9 years times. So, something else to worry about...

Och well, we'll see how Monday does.

[andonis] 03/10/2010 09:01

well I think it is premature to say its forming H&S. You wont be sure before 2012. I do not think the markets will fall. Opposite they will rise strongly to 2012. As I trade near term is the issue. I dont care if it will longer term collapse or not, it does not scare me. But I see your point, If it keeps within the bounds of your lines it could perhaps develop into one. In my opinion the so called head of yours will be soon revisited, 12k is almost inevitable.

[rvfchick] 02/10/2010 23:52

Oh, I forgot to say, it's the DOW from 1996 to present and the neckline and shoulder lines are parralels. Scares the heck out of me.

[rvfchick] 02/10/2010 23:51

ANDO
This is a picture of the DOW

Would you suspect a H&S is developing?

[andonis] 02/10/2010 23:11

No need to be clever for trading I would suggest Monday to wait until 18:30 just before, and short. Simple. Thats the easy bit. Whats the risk? The risk is this may raise to 11.2k not Monday, perhaps Wednesday. That would be a full extension as shown below.

[andonis] 02/10/2010 23:07

5th wave extension with expanding diagonal. to retrace to minimum 10666 and if lucky to 10490 likely and hey it would be Xmas if it reaches 10333 unlikely. But it would be a surprise to some when in a flash it comes down to 10,000? I think so. That is what charting is all about.

[andonis] 02/10/2010 18:33

edited the post EI

[essentialinvestor] 02/10/2010 18:05

ando, can you just clafify post 4604?, many thanks.

[andonis] 02/10/2010 17:54

5800 FTSE on 23 November 2010............you read it first here.

[andonis] 02/10/2010 17:47

Just to remind people that the expected downturn next week is not going to last longer than 13 October maximum. The we are off to new highs.

[jon827] 01/10/2010 22:08

Ando you should make your charts bigger... just saying :-)

[andonis] 01/10/2010 22:02

Buying Monday Morning. In theory it should end 10970! Monday. In practice we will see. Monday will be see-saw day. So long in morning (I mean 30 mins after DOW opening, and then wait for top. Then short. By Wednesday it should be lower than 10800.

[jon827] 01/10/2010 21:58

.

I think were just going to rattle around in this range for a bit, just looking for buying opportunities myself

[andonis] 01/10/2010 19:50

10920 is feasible chartwise Monday...

[andonis] 01/10/2010 19:10

Look at the way it return to kiss the circle since it departed....