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15-12-2016, 02:07 PM
#3921
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15-12-2016, 03:03 PM
#3922
Originally Posted by Baa_Baa
If the Linear Regression Channel (LRC) is plotted from the Low to the High, the SP has already broken down through the lower channel boundary, which also happens to be around the 200DMA and the rising support trend line.
Attachment 8528
I like my chart better
Your bottom line looks closer to the middle line than the top line does
Move the bottom line down a bit (to same distance top line is away) and the squiggly line will be OK
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-12-2016, 03:12 PM
#3923
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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15-12-2016, 03:25 PM
#3924
Originally Posted by winner69
I like my chart better
Your bottom line looks closer to the middle line than the top line does
Move the bottom line down a bit (to same distance top line is away) and the squiggly line will be OK
That would be a RAFF Regression Channel, in which case the SP is sitting on the bottom of the channel now.
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15-12-2016, 03:37 PM
#3925
Originally Posted by Baa_Baa
That would be a RAFF Regression Channel, in which case the SP is sitting on the bottom of the channel now.
Aren't they conceptually the same?
The channel I have shown is +/- 1 STDEV
Yours from a charting package?
Last edited by winner69; 15-12-2016 at 03:42 PM.
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15-12-2016, 03:37 PM
#3926
It is just a pity it is in a shorter-term downtrend
Just make the channel wider - you can come with a plausible reason and "eh - no worries !"
But sensibly you should pop up your log chart of the time since listing and you can see that it is going to saunter down a few more cents, kiss that long term trend line to confirm it then:
Up, Up and Away.
So really - no worries!
Best Wishes
Paper Tiger
Disc: Just starting to panic.
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15-12-2016, 03:46 PM
#3927
Originally Posted by Paper Tiger
Just make the channel wider - you can come with a plausible reason and "eh - no worries !"
But sensibly you should pop up your log chart of the time since listing and you can see that it is going to saunter down a few more cents, kiss that long term trend line to confirm it then:
Up, Up and Away.
So really - no worries!
Best Wishes
Paper Tiger
Disc: Just starting to panic.
Yes the log chart looks cool
Up, Up and Away it is
Looks like 6 bucks next year
No worries
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15-12-2016, 04:47 PM
#3928
Nice one skid, but nah I'm not worried after all my portfolio is only down 221k as we speak, was 330k a couple of months ago but yes it has dropped down over the last week or so. I cannot take responsibility for Lemmings, Sheeple or those who want to fund extravagant lifestyles over the holiday season by selling shares aye. If I had spare cash I'd be like a pig in a trough snapping up all these bargins on the NZX currently, I'm feeling dizzy just thinking about such lost opportunity.
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15-12-2016, 05:13 PM
#3929
Originally Posted by Paper Tiger
Is that historical or assumed future house price inflation or a bit of both?
I presume you have done the sums on the percent increase in the value of existing stock that they have applied.
Best Wishes
Paper Tiger
Interesting the answer to you 2nd point eh
Gives me a lot of confidence
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-12-2016, 05:17 PM
#3930
Originally Posted by percy
Keep your powder dry.!!
The share price has gone down through the 200 day EMA.
At present time the sp is $4.50.
The 100 day EMA is $4.87,while the 200 day EMA is $4.72.
Wait until the trend turns.The trend is your friend.A lot of poor people have found they are even poorer after buying in a down trend.
Wait.!
Thank you Percy - The trend is my friend... I will wait patiently. I do know this pattern prior to Christmas of selling to fund holidays. I can't wait for next results season and the trend to reverse in the up swing. Some may need a reminder - Long term.
In the short term - wishing everyone on Sharetrader a safe and merry festive season.
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