leeshindig
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lol...I forgot about him.....
morning
all a bit negative today, don't you think ?
a/d has plummeted since the open
1 day is broken
and shape looks like it might be in a C wave after the B finished at the open.
we have also broken the support line from 4327.
so just waiting for a signal, when it comes,if it comes.
all a bit negative today, don't you think ?
a/d has plummeted since the open
1 day is broken
and shape looks like it might be in a C wave after the B finished at the open.
we have also broken the support line from 4327.
so just waiting for a signal, when it comes,if it comes.
Couldnt acess this board since this moring. Anyway
Bonsai this is for you
wolf - 7 Jan'04 - 08:36 - 31 of 35
Morning all.
Just popping in to ask Hooya a question.
I think you still keep in touch with Bonsai,
I'm interested to know if he still believes this is a rally in a bear market or are we now in a bull market? If it's a bull market, what was the turning point?
Would you mind asking him for me?
Thanks
------------------------------------------------------
Ive been having a nightmare with my candle charts this morning.
My 5 min candle close yesterday still showing pre auction price,
my 10 min not showing any drop into the auction yesterday and
my daily candle open keeps moving. ggggggggggggrrr!
Bonsai this is for you
wolf - 7 Jan'04 - 08:36 - 31 of 35
Morning all.
Just popping in to ask Hooya a question.
I think you still keep in touch with Bonsai,
I'm interested to know if he still believes this is a rally in a bear market or are we now in a bull market? If it's a bull market, what was the turning point?
Would you mind asking him for me?
Thanks
------------------------------------------------------
Ive been having a nightmare with my candle charts this morning.
My 5 min candle close yesterday still showing pre auction price,
my 10 min not showing any drop into the auction yesterday and
my daily candle open keeps moving. ggggggggggggrrr!
Hooya
-for Wolf
It really depends on what you call a bull market.
My definition is quite simple but not to everybody's liking.
A bull market is one which will rally up to a new high, taking out all the bears, and carry on up - without retesting the low first.
It's possible, of course. Anything is possible
But after the 87 debacle which lasted about 3 months and dropped 25%, it took 4 years for FTSE to reach a new high.
And that was only a 'wham, bam , thank you mam' affair.
This market fell for 4 years and fell more than 50% !
When it bottomed at 3277, the yield on Ftse was roughly equal to the yield on bonds.
That means the market was valued at zero growth !.
So a break of the low is unlikely to happen but a retest is still a
strong possibility, I think , as I really cannot see any growth in any sector at the moment.
(There is a lot of cheating going on with the GDP numbers).
And that, together with all the stale bulls above 6000, makes the likelihood of a straight run up to a new high, improbable.
So, a bear market rally is still my favoured outlook.
On the other hand ..........
-for Wolf
It really depends on what you call a bull market.
My definition is quite simple but not to everybody's liking.
A bull market is one which will rally up to a new high, taking out all the bears, and carry on up - without retesting the low first.
It's possible, of course. Anything is possible
But after the 87 debacle which lasted about 3 months and dropped 25%, it took 4 years for FTSE to reach a new high.
And that was only a 'wham, bam , thank you mam' affair.
This market fell for 4 years and fell more than 50% !
When it bottomed at 3277, the yield on Ftse was roughly equal to the yield on bonds.
That means the market was valued at zero growth !.
So a break of the low is unlikely to happen but a retest is still a
strong possibility, I think , as I really cannot see any growth in any sector at the moment.
(There is a lot of cheating going on with the GDP numbers).
And that, together with all the stale bulls above 6000, makes the likelihood of a straight run up to a new high, improbable.
So, a bear market rally is still my favoured outlook.
On the other hand ..........
barjon
Legendary member
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bonsai
the longest march starts with but a single step.
the first real test of whether market is marching towards new
highs comes around 5100??
in the meantime, unless we fall off the cliff, it looks as though a major (longer than a year) bull trend will be confirmed in March.
with both intermediate (3 months) and short (1 month) trends
bullish - I'm sure that's all news to you!!!!!
not sure what difference it makes unless you're gonna invest for
the really long term - I'll probably be sitting in an urn on my
daughters mantlepiece by then!!
the longest march starts with but a single step.
the first real test of whether market is marching towards new
highs comes around 5100??
in the meantime, unless we fall off the cliff, it looks as though a major (longer than a year) bull trend will be confirmed in March.
with both intermediate (3 months) and short (1 month) trends
bullish - I'm sure that's all news to you!!!!!
not sure what difference it makes unless you're gonna invest for
the really long term - I'll probably be sitting in an urn on my
daughters mantlepiece by then!!
