Chariot Share Discussion Threads

[andonis] 22/8/2011 17:19

It's been said many times before:
Gold is the money of kings
Silver is the money of gentlemen
barter is the money of peasants
debt is the money of slaves

[invisage] 13/8/2011 21:36

Ando

What are your views on AV. and BA. please? thanks

[trint76] 13/8/2011 14:41

Thanks andonis, as I hold GKP I probably have a bullish bias on the stock and so was looking for a neutral/other perspective, hence I raided your thread ;)

I still have concerns over the GKP chart (and with the wider markets) due to it being in a continuation pattern until either that triangle support or resistance breaks, hopefully the latter.

All the best.

[andonis] 13/8/2011 13:51

trint 76: I dont have enough data to do this properly. Its a new company relatively. Yes it could do what you have plotted in your chart. I simply said I was a bit worried. It all depends on how sharp the markets will receed in October....Best of Luck. You have done a great job charting it.

[trint76] 13/8/2011 12:34

andonis, appreciate your charts as you highlighted what those ellipses/circles can achieve.

One thing I was hoping to run by you though was the GKP chart. I do share some of your concerns with a possible retracement but what I'm seeing in the GKP correction at the moment is a weakening of the downward trend (seems a diagonal or terminal triangle is appearing in what I have down as wave C). My concerns are the 128p support/resistance level and the fact we haven't seen any positive divergences yet(due to heavy market volatility..?)

Expanding triangle knowledge in EWT is a little thin but I picked up some info from....particularly the S&P example.


Anyway, here's that chart I have...with quite a bit of important news due, can you also see a breakout upwards as a plausible outcome...?

I've labelled Highs and Lows (H and L) on the chart at similar turning timing points between wave A and C...any comments welcome.

[andonis] 13/8/2011 11:54

Gold is overstretched....

[andonis] 13/8/2011 10:22

What do you think Invi, the chart above is the picture. Do you think the pices will rise or fall. The move is certainly this year..

[invisage] 12/8/2011 18:55

How low do you think Brent will go Ando and in what time frame ?

[andonis] 12/8/2011 18:21

Lines of the day....

[andonis] 12/8/2011 18:03

GKP: A bit worried abou this one. Could go back to 67p. Basically I would sell this one at strength. Then go into a better share, one with a decent chart. Other probl. with this one is that there is not enough data backwards to chart well..... if it goes up to 133p I would be happy to get out....

[andonis] 12/8/2011 17:57

RKH: Strange cookie this one. Yea it should bounce and t has...

[andonis] 12/8/2011 17:51

CHAR has retraced from an exponential rise to 307p. The rise can be thought of as 5th wave extension. That means there is a danger to drop to 84p or slightly less. At this level I expect a bounce. But when later on in October the markets dive this may reach the low 80p theoretical level.... So Not further lows just yet, but more to come later.

[andonis] 12/8/2011 12:55

MTC looks like a bottom yea...

[theprovosts] 12/8/2011 11:39

what you think of the AIM oilies?

They are all pretty darn cheap imo.

I did some charts for CHAR, RKH, GKP.

(CHAR)

(RKH)


Although very speculative, do you think they have bottomed?

cheers.

[invisage] 12/8/2011 10:08

Ando

What do you think of MTC pls ? thanks

[andonis] 12/8/2011 10:05

all within the plan