Hollywood Bowl Share Discussion Threads

[ducatiman] 09/4/2011 12:18

Don`t know how to put a chart up but I think I have a bowl for you, so if anyone can put up the gma chart it would be nice to hear if I am correct.

[devil20] 09/4/2011 12:18

SRB. Also slight gap to be filled at 32/33p, so may poss drop a to it soon.

[simon gordon] 09/4/2011 12:14

Could RNO be a bowl formation if it breaks the pennant?

[devil20] 09/4/2011 12:10

Re SRB. There's a potential gap-down to fill on the way up. Perhaps, you CR, can run your rule over the fundamentals etc. tia

[devil20] 09/4/2011 12:05

CR. Sorry, what I meant was BOWL isn't an actual ticker and can't be put on your monitor. I always look for the nearest epic, once its on the monitor its there to see everyday...lest we forget!

[bonanza grades] 09/4/2011 11:55

Re ISA able ideas in the hot area of gold mining

Could you look at the Serabi Mining SRB chart

If not a bowl it is certainly a saucer with huge basing pattern

What is more it is unusual as recent results show it has net assets (tangible!
) much greater than current market cap so suggests totally undiscovered by the herd

Serabi Mining due to present at Minesite Conference on Tuesday so could come into focus

[cockneyrebel] 09/4/2011 11:55

BOWL should work in the ticker box - works for me.

CR

[devil20] 09/4/2011 11:46

CR, good idea this bb. BOWL doesn't work as an epic so I've used BOW to put on my monitor to remind me to check in. Funny enough last w/end I had a whole list of ISA shares up plus a chart page, putting each epic in one by one to see if it brought up just the thing you're talking of here. Nothing of note came up, but we'll keep looking.

[cockneyrebel] 09/4/2011 11:25

Right guys - I'm not into fibonacci's but I do like trends in a chart.

In recent years I'd spotted far more of these 'BOWL' shape charts forming and they have often proved very profitable.

Ideally these co's have more positive sounding noises coming from them but it might be that you have to trust the chart rather than wait for the news if your going to get these bowls on a low and catch them on the apex of the bend imo.

I dunno what triggers these patterns, whether it's chartist following or computer trading but invariably they play out well imo.

I'll give you two past examples:

First is VLX



I bought these at the bottom of that bowl, just as it turned up - about 80p - the bowl completed and then the stock motored on to £3+.

Second is RMV



I bought these at around 170p - the bow completed and then soard to £10.

Recently I highlighted a bowl forming on PFD @ 22p, since then the bowl has started completeing it's move - now 30p+



There's no guarantee that PFD will motor on after the bowl completes but I'm pretty convinced that bowl will complete, positive news is coming from the co recently and brokers are upgrading.

Here's my 4th exciting bowl - FCCN:



This is a huge bowl starting imo - the news is positive here too.

So these are 4 examples. I'm looking for others. The bowl shape is fairly loose, it wants to be a decline that's levelling out and then starting to curve up. You need to have some vision to see the potential future move based on the recent decline. The rise tends to roughly mirror the decine in these charts. I also want to catch them as low as possible as soon as a curve up looks like it might be forming which means there might be risk in that a bowl isn't forming. But waiting often means missing a good rise. It's also unusual for one of these charts to just fail and reverse too imo - which means the risk seems good compared to reward potential.

So have you spotted one of these charts?

Posting the stocks that look like they are doing so here might be rewarding, it will also be a good thread to back test the performance and reliability of this sort of chart imo.

Look forward to seeing if anyone can spot any gems - even if you don't back a chart like this just based on the chart it can offen lead you to look at the company more closely to see what's going on imo.

In general - the Deeper and Rounder and Smoother the bowl, the more reliable it is imo

Ta

CR

[mi££ions] 18/5/2003 10:15

"Wrong : This will be a war of attrition and Saddam has learnt from his mistakes in the Gulf, and comparisons should be drawn with Somalia or Vietnam."

LOL!

Still detached from reality I see, goody?

I always knew you were a skittle short of a game of TEN pins! ;-)

[goodfella] 18/5/2003 09:46

Hear is the Transports chart.

As you can see it has broken the trendlline of the rally from March lows as well as a small double top.

Failure swing on Stochastics and Volume starting to increase on the declines.

MacD has crossed for down and is now rolling over



You can see how the C wave of the Transports was considerably more impulsive than the DJI with its overlapping waves and the Transports were clearly sustaining the rally.

Having broken its trendline now then support on the Transports is more fragile than the DJI and could well lead all indices back down.

I strongly recommend that apart from watching the Dow on your monitor you also stick the transports up there to keepa n eye on any divergence as an early warning signal that the Dow may spike and quickly retrace

[goodfella] 18/5/2003 09:22

There has been a lot of discussion amongst Ellioticians of ending diagonals or leading diagonals which have been forming for the past few weeks but none of which IMHO have had the right characteristics and many have tried to make them FIT within trendlines allowing for breaks above and below the converging boundaries.

However for the first time I believe the recent few days have demonstrated a true pattern.

From the daily chart we are offered two alternate counts in either an ending diagonal or B wave or 4th wave triangle.

As triangles always occur as the penultimate move or last move we are in a position to know we are close to at least a good retracement.

In the alternate count I have not allowed for C extending by a factor of 1 plus beyond A and this is for a reason.

It cannot be discounted completely but other indicators are suggesting it will not happen.

We already know that a number of indicators are at levels akin to market tops.

VIX
Put/Call Ratio
Slow Stochastics
A/D Ratio
Some Divergence on Macd RSI and ROC

But other indicators are also lining up and you can see the waning Momentum of the rally.

Additionally under Dow Theory the Dow Jones Transposrts are required to confirm any move in the DJI and as of yesterday the Transports made a lower low after double topping the previous day which is bearish non-confirmation of the up move.




The lower trendline remains the key to suggest the rally is finally over and it is not just a re-tracement.




In the main count we have what looks like a genuine ending diagonal which may throw over to the upper trendline I have marked but it is relatively simple to watch the action within these lines to decide if it is an ending diagonal or B or 4th wave with slightly more upside.

The rally has broken into 3 waves ABC of which both A and B lasted a Fibbonacci period of time (+/-) 1 day and Monday reaches 34 Fibbonachi days of the duration of C wave.


Alternate count




Both counts assume the triangle pattern will not be broken and in the ALTERNATE it is only assumed "e" will reverse around 8700 which can only be speculative at this stage.

For either count to hold the DJI should not head south out of the gate on Monday to any gret degree otherwise the triangle/ending diagonal will have to be re-labelled

More commentary to follow later today but the higher percentage chances are the rally will end Monday or Tuesday

[goodfella] 20/3/2003 08:56

If you believe the rally is coming to an end then here is the list of the top risers of the lows.

If downloading please note it has not been virus checked.

There is a lot of profit takng to be done in the top risers if the market turns.

[energyi] 24/2/2003 13:37

I., very possible...

READY TO PLUNGE?
from Ask Dr.Bob:
"The Bollinger Bands are compressing again, and the last time that occurred the markets fell sharply. The a/d line continues downward and the new highs/new lows are also weak.



The McClellan Oscillator for the Nasdaq rose to +15 from zero while the NYSE Oscillator reading rose to +10. Both are going to be hard-pressed to stay above zero because the Summation Indexes have made lower highs and lower lows, with the Nasdaq Summation at -579, a very negative reading considering the lower highs/lows. Historically the sharpest declines occur when the Summation is at these levels after having topped out. "

I EXPECT: a sharp drop over the next 2-4 weeks

[energyi] 24/2/2003 13:36

I., very possible...

READY TO PLUNGE?
from Ask Dr.Bob:
"The Bollinger Bands are compressing again, and the last time that occurred the markets fell sharply. The a/d line continues downward and the new highs/new lows are also weak.



The McClellan Oscillator for the Nasdaq rose to +15 from zero while the NYSE Oscillator reading rose to +10. Both are going to be hard-pressed to stay above zero because the Summation Indexes have made lower highs and lower lows, with the Nasdaq Summation at -579, a very negative reading considering the lower highs/lows. Historically the sharpest declines occur when the Summation is at these levels after having topped out. "

I EXPECT: a sharp drop over the next 2-4 weeks

[indalo] 23/2/2003 16:50

Energyi - I was loooking at Ape's Dow chart which shows the 50 day MA crossing the 150.

Every time this has happened in the last two years the DOW has lost at least 18% over the next month-six weeks!

100% reliable...

My only concern is that we are now used to trading these nasty capitulative bottom that it would be rather generous of the market to give us another one!

I would be filling my boots with index calls on the way down!

By the way, Goldman are now doing covered warrants on oil in case you're interested.

[energyi] 23/2/2003 16:37

I do my own work. And use some indicators for others in creative ways. I think we may be ready for a plunge. The current set-up lloks much like mid-June 2002 to me:


The next few days critical. We could repeat June/July 2002 collapse

...
But watch out today: Short Term rally is possible. I want to see it fail below 850.

This chart also suggests SPX could be ready for HARD DOWN move:

[whitehawk99] 08/2/2003 13:37

lOT of news out next _ war uncertainty not good if you holding stocks_ Good fred

[goodfella] 01/2/2003 17:21

hijeff

There is an inverse head and shoulders on the FTSE chart with neckline at 3590.

FTSE is more oversold than USA indices and bullish divergence on MACD so could see a good bounce on FTSE of 150 points if it breaks neckline

[hijeff] 01/2/2003 17:09

GF not a chartist myself,except for the very easy read of d/top d/bottom which i find to be superb signals,guess we shall see a few d/bottoms in the coming weeks.i find calling the ftse easy by using market sentiment,and do well with that.each to his own.keep up the posts.

[goodfella] 01/2/2003 17:02

hijeff

After that chart was posted predicting the fall it dropped considerably to 3391

Could be coming back to retest broken support now before heading back down

[hijeff] 01/2/2003 16:57

gf,a failure to break 3814/5 means the downleg then?