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  1. #21961
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Biscuit View Post
    That's why TA is such a flexible tool for traders.
    Yeah ...look at it and see what you want to see eh.
    When investors are euphoric, they are incapable of recognizing euphoria itself.

  2. #21962
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by winner69 View Post
    If it closes above 641 today it would have broken through the upper channel line on a linear regression chart (linear regression point plus +0.3 STDEV)

    Some say that's a buy as it will go on and form a new channel (upward) - others say its a sell as probably fall back into the prevailing trend

    BP would stay still in a strong down trend and needs to break through 800 as first sign down trend is over (like break the ongoing lower highs and lower lows)
    We know that you like to make things up, but please - speak for yourself : No need to make up things for other posters ...
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  3. #21963
    Speedy Az winner69's Avatar
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    Quote Originally Posted by BlackPeter View Post
    We know that you like to make things up, but please - speak for yourself : No need to make up things for other posters ...
    Sorry your honour ... should have said something like ‘BP said it looks “like an unbroken downtrend” (quote) And I agree with that view’ .....and then state what my interpretation of a downtrend is without ascribing that knowledge to you.

    Please accept my apologies.
    When investors are euphoric, they are incapable of recognizing euphoria itself.

  4. #21964
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    Quote Originally Posted by sb9 View Post
    Things are up in a hurry here over past few days, 6.50 NZ and 6.05 AU as I type.
    Probably explains why the thread went so quiet for 3 days

  5. #21965
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    Quote Originally Posted by porkandpuha View Post
    Probably explains why the thread went so quiet for 3 days

    Aha .. never waste a good rise .. even if it's a quiet one
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  6. #21966
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    Triggered a few short term buy signals, as it tested the gap resistance level this morning but there wasn't enough buyer momentum to break through..this created a bear signal which at this moment is being played out by a sudden drop (started just minutes before the Ozzie opening).

    The result is a failed first attempt to breakthrough the first resistance level.

    Disc: On my watchlist
    Last edited by Hoop; Today at 12:48 PM.

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