Fln Angl Hy Cp Discussion Threads

[nur0mancer] 07/12/2001 00:56

Thanks for that Robbb. So that gives the 61.8% - is another level 100-61.8 = 38.2% (not sure why this should be so but the number rings a bell)?

Where does the 50% come from, and are there any other levels besides these 3?

I was trying to work out Fib support levels on LOG given retracement from yesterday's high, but not sure where to call the base from which the rise began. ADVFN data gives this for LOG last 3 full days:

Date,EPIC,Open price,High price,Low price,Close price,Volume
03/12/01,LOG,770,785,751,754,2558281
04/12/01,LOG,760,784,757,757.5,4763884
05/12/01,LOG,790,887,778,887,14414873

If take the close on 04/12 to close on 05/12 the gain is +129.5 - a 61.8% Fib would give -80 which comes in at 807 from that close on 05/12. A 50% Fib comes in at 822. Yet it seemed to bounce off of 815. If take the highs (candlestick) of 784 and 887, Fib's at 61.8 and 50 yield potential supports at 823 and 835 (so again no match to the 815 turn today).

Missed the damn thing whilst piddling around with this of course ;-)

[goforit] 07/12/2001 00:55

kid looks interesting on l2!

[phillip01] 07/12/2001 00:55

SIP still going up or is the spread just getting bigger !

Matthew thoughts on the large trades, 1 mil just gone through.


P

[bruce8] 07/12/2001 00:47

Matthewa
Looking back at your posts I see we did an almost identical trade short on BAY. Now why did we cover at 227 ????? It's just been below 220.

[mjwill] 07/12/2001 00:47

mjwill

Alchemy. yes i was on your left, but good looking no

[larrywildman] 07/12/2001 00:46

how is LOG looking on L2 now please...?

[bruce8] 07/12/2001 00:42

Croc.

In fact many, many thanks. Just noticed PSN is +15.

[serratededge] 07/12/2001 00:42

Thanx 4 info on price crossover, Bruce8

I guess you need very quick reactions (and a quick broker) to catch one of these to a profit.

[alchemy] 07/12/2001 00:40

mjwill you the good looking chap to my left? were you


dotcom secret still holds eh?

[mjwill] 07/12/2001 00:40

hawkeye

thank you ,not used to posting did close @-7

[lancslad] 07/12/2001 00:38

twt a lot stronger now,l.l.

[bruce8] 07/12/2001 00:37

Croc.
Thanks for update on PSN. I should declare my hand. After your strong recommendation I did my own research yesterday and came to a similar conclusion to you. Went long on spread bet at 321. Worried a bit when L2 v.weak yesterday but feel much happier today. Many thanks for drawing my attention to it.
Bruce.

[dodddy] 07/12/2001 00:35

picked a few sdd up .074

[bruce8] 07/12/2001 00:35

SerrtaedEdge - yes there was a price cross over and then an auction on SIG. I know because it happened right on my stop which was therefore not triggered. My stop was 92.5 fortunately I got out at 94p with CMC just after auction.

[hobleg] 07/12/2001 00:33

Afternoon all

Ruth
I have been watching log for a while. There was support at 830 on the way down and it seems to be resistance on the way back, (also at 850)It seems to tank when the FTSE turns down also. I think there may be some points 835 to 850 but needs buys to sells over 3 to 1 in my view

Martin

[robbb] 07/12/2001 00:32

nuro

Fib sequence is 1,1,2,3,5,8 etc where each no. added to the previous one gives the next in the series. The ratio between one number and the next one tends towards .618. Thats it in simple terms.

Regards
Rob

[drummerboy] 07/12/2001 00:30

went long bats @5.50 this morning closed +11
been watching all day
going long again @5.49
fingers crossed!

[serratededge] 07/12/2001 00:30

A few mins ago, SIG was showing a negative bid-offer spread. Maybe it was a data error, maybe it was real?

Anyway it evaporated before I could take advantage of it :-(

[ruth] 07/12/2001 00:27

bt back on its way down

[hawkeye] 07/12/2001 00:19

mjwill, pls be careful with cgnu:

insurers seem to be coming back into favour.
dresdner put out a +100 note on it this am.
looks like an inverse h&s has formed since end oct.
the neckline was broken today.

sdawson is a better judge of h&s, and yes, i am long.

Robbb, lol

[nur0mancer] 07/12/2001 00:19

Anyone please explain how Fibonnaci levels are worked out - I think the percentages are around 32, 50, 61 etc but how are these figures come by? By that I don't mean how does one calculate 61% of a rise, but how are the percentage figures arrived at (why 61 and not 64, what is the algorithm)?

[matthewa] 07/12/2001 00:15

goforit - no covered for -1 been making some nice mney on ari recently trades between 3.15 -3.25 but looks to have broekn out of it. We shall see

[ruth] 07/12/2001 00:15

l2 on log now positive,has this been oversold today?might be good for a few points,

[crocodile] 07/12/2001 00:14

Bruce
End of year is Dec but results will be released at a later date. I must say I believed this to be one of the best bets on the stock market. I have a very large long position and as I said in the weekend thread I expect at least a 20% gain.
So far so good.
D