Circle Property Share Discussion Threads

[wassapper] 03/5/2006 14:44

Chestnuts - sold out? Not for a long time. When there is nothing to say, say nothing.

[Abuse team] 03/5/2006 14:33

Post removed by ADVFN

[bigbobjoylove] 03/5/2006 14:24

can't be far off and that will be the run to north of 150 imo.

[chestnuts] 03/5/2006 13:52

Pihead when will that come out

[pinhead3] 03/5/2006 13:39

No still here waiting for the METS report on Haib!

[chestnuts] 03/5/2006 10:33

Morning all
Very quite on here as every one sold out, ??
This am mm will give you 105 so they look like they want your stock

[pinhead3] 01/5/2006 12:27

DRC elections rescheduled for 30th July

'DJ Belgium: Congo Must Ensure Elections Go Ahead July 30


BRUSSELS (AP)--Belgian Foreign Minister Karel De Gucht called on Congo's
political leaders Monday to ensure rescheduled national elections go ahead July
30, to show to their people they are serious about reconstruction and
democratic reform.

De Gucht welcomed the announcement by Congo's electoral commission Sunday
that national elections will now occur in July, about a month later than
planned.

"He hopes that these elections will signal a new era of democracy, stability
and reconstruction in Congo," said a statement issued by the Belgian Foreign
Ministry.

"Minister De Gucht urges the political classes to keep strictly to this
electoral calendar and to show to citizens, that have for years suffered under
poverty and conflict, that the elections will go ahead," it added.

De Gucht also urged all political parties "to ensure that all actions are
taken to prevent any undermining of the (electoral) process."

The elections will be the first in 40 years for the violence-plagued central
African nation. The vote was originally planned for the summer of 2005 but has
been repeatedly delayed for logistical reasons and was most recently scheduled
for late June. The electoral commission said the date was pushed back until
July to more time to compile a definitive list of candidates.


(END) Dow Jones Newswires'

[nikesh2] 30/4/2006 22:48

judging from the recent trades(and nothing on technical analysis)i think we should expect a rise to above 120p fairly soon i.e. tuesday/wed next week
who knows where from there
it it was going down it would have done so last friday

[mad4it] 30/4/2006 13:25

chestnuts - I'm not saying the cup can't form over several months, it was the handle I was refering to, as per your post:
" Mad4it according to most books i have read it says the handle should form over a few weeks but with experience it can take months"

Anyway, I think we're in danger of boring everyone, so I'll leave it there.

Thanks for your thoughts.

[chestnuts] 30/4/2006 10:01

Mad if you read my post on c+h I said it normaly formed over a few weeks not months but i have seen them over formed over months , and if i can remeber where i will post a chart, but my taking on c+h they had to break out of the rim as confirmation not from the bottom and then most times came back to check support at the top of the rim

[mad4it] 29/4/2006 13:31

Blimey! That was a long post! lol!

In case that was confusing, here's a brief conclusion:

Once the bottom of the handle is formed, by a price retracement, the price MUST rise back up to the top of the cup n handle (and usually well above the whole cup n handle formation), or the formation is meaningless (considering the whole point of a successful cup n handle formation is that it's supposed to end with a big price rise). The IGE pattern hasn't done that yet, hence the fact the pattern is in danger of being negated. CRC has done that and therefore the pattern has completed successfully, regardless of what happens next.

[mad4it] 29/4/2006 12:49

Hi chesnuts - When it comes to cup n handles, an exhaustion gap often ends up forming the handle. That's exactly what happened to CRC when it moved from 62p to 86p, having already moved rapidly from 40p to 62p. The final move to 86p created an exhaustion gap, as sellers booked their profits, which subsequently became the handle on the cup as the price retraced sharply.
The subsequent move from 64p to a quid completed the cup and handle formation and I read the latest move up, after a brief consolidation, as a continuation pattern of the breakout achieved by the completion of the cup n handle.

If we were to move parabolically up to your target of 150/160p then that would almost certainly create another exhaustion gap. I can also see why you're worried that the move from 64p to date might be creating another exhaustion gap, but I tend to believe it's a continuation pattern, as we've recently seen a brief retracement (consolidation) and we're now moving higher again.

However, now we've seen the completion of the continuation pattern following the cup n handle formation, other factors come into play as we move into a new stage of price patterns. Therefore, from here, it's hard to say what the price will do next, imho. EG: We might see some sideways consolidation, especially as the DRP elections are close and the price is approaching overbought territory again.

In general, I'd argue that your book is incorrect in asserting that a handle can form over many months. This is because, implicitly, a handle can only be formed by the price rising, then falling (as in an exhaustion gap), if this doesn't happen in a relatively short period of time, new chart patterns will form over those months and negate the essential handle and price rise continuation pattern of a 'meaningful' cup n handle formation.

EG: If you look at the IGE chart, you'll see that there is already a sideways consolidation pattern developing, which is a new chart pattern that is starting to negate the continuation pattern of the cup n handle formation, in as much as there has been no price rise follow through after the handle was formed. Hence the fact the price needs to move up soon, or the cup n handle continuation pattern will be negated and any subsequent move up will be explained by other chart patterns developing and triggering a rise.

All imho. I still accept that other technical analysts may have a different viewpoint.

Regards

[chestnuts] 29/4/2006 11:47

Drewz / Mad4it according to most books i have read it says the handle should form over a few weeks but with experience it can take months, and also you do get cups with many handles, and they can be angulated, also the handle can be a triangle formation and not just a handle shape,
as for crc time will tell, personaly i think we could be heading for 150/160p ish, the other pattern and because of the gap up unsure wether a breakout or exhasition Gap, but i thought exhaustion gaps were much larger, and both have large volume, only time will tell

[mad4it] 29/4/2006 11:30

The notable thing about the 75k X trade is that it was executed at close to the full offer price. This indicates that someone still has an appetite for CRC and was willing to pay the seller nearly full offer price to get a decent sized tranche.

drewz - Yes, a cup n handle formed over nearly two years. But to remain valid the price needs to start moving up soon, or the pattern will be negated.

I once, briefly, owned IGE, but I sold for a small loss after a disappointing results statement, back in 2004. The price subsequently collapsed. But I was kicking myself earlier this year for not having a punt at 10p. I'll keep an eye on it. Cheers.

NB: I've been meaning to say thanks to pinhead for his updates on all things copper and CRC related. Cheers.

[nappers] 29/4/2006 01:22

X = cross trade - broker/MM finds buyer and seller and matches price...It can mean a buyer or seller is being cleared out hence a rise/fall shortly after

[drewz] 28/4/2006 23:15

Off-Topic (sort of):

mad4it, chestnuts,

here's a lovely 'cup and handle' forming for you:

[nikesh2] 28/4/2006 17:25

what is an x-trade whenever i see one it is always a good sign as the price flys
but what is it
thanks

[chestnuts] 28/4/2006 15:04

mad4it yes
Its had a gap up then high volume its either an exhaustion gap or breakout gap, but we have made a new high and share price as held ,i won't say C + H because i may be wrong !! But on the fundies side looks good and there as been some very big buys of late so some one is collecting Institues are definatly collecting or maybe a buy out coming, who know or cares as long as share price goes up.

Pinhead keep up with the good work

[mad4it] 28/4/2006 14:32

Hi drewz/chestnuts - So, in conclusion, we're all agreed that we don't know what the hell is going on! ;)

[nappers] 28/4/2006 14:08

I got 100/pt with IG - that´s nice to hear Chestnuts...

[chestnuts] 28/4/2006 10:22

Hi Mad4it lets just see what happens i use elliot waves and Pisces and time cycles, in my use of charts, but thanks for your reply.
We all have our ways of doing things.
Oh by the way IG are not taking any more bets as they are upto there 2%

[drewz] 28/4/2006 01:15

Agreed, mad4it, chart analysis is more of an art than a science. At the end of the day the message it is sending is the same - we're heading north!

[mad4it] 28/4/2006 00:54

Hi chestnuts - If this breakout is the completion of a new cup n handle formation, where's the finished handle that allows the price to breakout ? There is no handle formation (as yet). Furthermore, todays move, means your outer rim is now so elongated it's likely to negate any chance of describing this fomation as a cup n handle, imho (looks more like a soup ladle to me ;)

Don't get hung up on seeing possible cup n handle formations in every shallow, short term horseshoe chart formation you see. It's just my opinion, but I think you're confusing a cup n handle formation with a short term consolidation and continuation pattern, which are common after a chart breakout (if you look again you'll see there's another example of the same continuation pattern back in February, which, ironically, ends up as part of the handle formation of the longer term cup n handle (confusing isn't it! lol!)
So, to conclude: We've already seen the breakout from the original cup n handle formation that was previously formed over several months and completed with the move from 64p to a quid (as I've previously discussed). So we've seen the breakout from the original cup n handle formation and this is now the breakout consolidation and continuation pattern which typically follows.
Therefore, I honestly think what you believe to be another cup n handle is just a consolidation and continuation pattern now, imho. The result is still the same; the price moves up until the continuation pattern finishes with another period of consolidation and another rise or fall occurs.....which could start tomorrow for all we know.

I hope that makes sense. I also accept that you may like to view the chart in a different way, we are all entitled to see things differently, it's just my opinion.

Regards