Imi Share Discussion Threads

[apad] 21/12/2010 09:05

Love it!

If the big players use the same software, then the software will be correct.

[dasv] 20/12/2010 19:08

I have du plessis's book on order at the mo - hasn't arrived yet. I do have traderPro though (second year of subscription)

I made the comments about targets because in an updata video, David Linton said "many of you have asked how the targets are generated" but wouldn't give an answer about it. I kind of assumed they were a USP of traderPro but I'm happy to hear they are not.

[bluebelle] 20/12/2010 18:27

dasv - 20 Dec'10 - 15:26 - 104 of 105
The targets come from Jeremy Du Plessis's work at Updata and they are very tight lipped about how they are generated

dasv
Aren't they set out in Chapter 4 ?

[wendsworth] 20/12/2010 17:55

dasv : Thank you so much for your painstaking and expeditious response. Sounds fascinating . I will order a copy of Du Plessi's book.

This really is a civilised thread. As you're probably only too well aware they are few and far between.

[dasv] 20/12/2010 15:26

wendsworth - I've set up a thread with the symbol "P&F" in which at some point I've attempted to explain Point and Figure charts. They are charts where there is no linear time scale at the bottom.P&F charting is an approach aimed at de-noising charts (by looking at trends and requiring strong reversals). The targets come from Jeremy Du Plessis's work at Updata and they are very tight lipped about how they are generated - presumably because this is unique intellectual property for the company. Essentially the targets are Momentum indicators. They can be removed by strong momentum in a reversal.

The theory is that if a target is met then the trend is confirmed. We can see in the chart above that the target of 730p was hit (which confirms the bullish trend). the price levels with numbers like 3.2, 1.7, 3.6 reflect risk reward at that given moment: it's an attempt at establishing the upside gain versus the downside risk on the basis of momentum.

At the moment current risk reward is 1.5, 1.7 which isn't bad but not as good as at 480p and 660p when risk reward was 3.2, 3.6 in favour of reward.

Jeremy Du Plessis's book is on amazon.

[wendsworth] 20/12/2010 15:19

dasv : Thanks for your post. Not being a chartist can you explain the basis to the trends or the 'pointers'?

[dasv] 20/12/2010 11:32

My targets are 1030, 1170p

[wendsworth] 20/12/2010 11:10

Going up very nicely . Back in 940s. Will we see it touching 950 today?

[wendsworth] 16/12/2010 17:14

Bluebelle : I know what you mean ! I have found setting 'realistic targets' a sensible approach in current markets. My limit sales and buys seem to be far more profitable and get me away from the mouse! Having said that ...I was happy with a 463 sell of BP on Monday this week and then it shot up 15p! Returning to IMI my research indicates this is a strong hold particularly bearing in mind some general market headwinds.

Beckwith : You won't be disappointed. Usual caveats ...of course!

[beckwith] 16/12/2010 14:06

Just topped up with a little more, hoping this one has a bit to go yet.

[bluebelle] 16/12/2010 14:03

wendsworth
I think you could be right : I certainly hope so !I rarely set targets - the market has a habit of upsetting them. I tend to buy and hold for as long as the reasons I bought still seem valid and I can't see any reason to do anything but add/hold at the moment !!!

[wendsworth] 16/12/2010 12:56

Bluebelle: Just the start after the re-trace following FTSE confirmation. I see IMI close to £10 in the New Year. 10% upside from here.

[bluebelle] 16/12/2010 09:40

Strong upward move this morning albeit on low declared volume.

[dasv] 13/12/2010 21:17

perhaps post 29 was more to your liking.

[bjbeatle] 13/12/2010 19:34

but post 93 is not very thoughtful or measured. Oh thats 94.

[dasv] 13/12/2010 16:38

yep we are only on post 93 here :)

[wendsworth] 13/12/2010 15:48

nofool : I've noted your sound advice. Thank you.

Am looking to double up my holding with the re-trace.

Nice quiet BB with thoughtful and measured comments.

[nofool] 11/12/2010 21:16

wendsworth - the lesson learned is to follow your own interpretation of the charts and not others.

You knew it was short term overbought and you knew why. However from the 20th, I would expect this to start motoring again..

[typo56] 09/12/2010 13:34

I agree, any FTSE index effect is just short term noise. They'll probably be a bit of volatility at the end of next week ahead of the index move taking effect.

[bluebelle] 09/12/2010 11:29

Typo56 - 9 Dec'10 - 11:13 - 88 of 88

As I've said before, unless your time scale is very short, it doesn't make a great deal of difference IMHO. This is by no means the first time it's happened. I think there is a lot of buying / position taking in advance of these announcements in the knowledge that trackers will have to buy etc. which are unwound afterwards.

You could be right, but this is the result of an uptrend which began in mid 09 albeit, I agree, with a sudden move above the expected trading range more recently.

This is still a core hold for me and a few days of weakness after the recent run doesn't change that opinion !

[aj_edi] 09/12/2010 10:01

I wonder if this is a good opportunity to add? I've only recently got in and missed this price on the way up.

[wendsworth] 09/12/2010 07:58

b.w: Looks like an encouraging opening!