Market analysis 10/12-14/12

ChartMan

Legendary member
5,580 46
Bears are getting a hold again- see my bit in the TA section re gaps..
 

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neil

Legendary member
5,167 748
CAT and ATST

Chartman
Take a look at Cambridge Antibody Trust and Alliance Trust
( CAT and ATST ). Both look like they are setting up for shorting.
(Two of my favourite stocks for trading UK shares) (Not intra-day)

Cat appears to have broken a triangle and bouncing along the upper FIB 38% ? level. (Sharescope)

I would appreciate your opinion.

Neil
 

neil

Legendary member
5,167 748
CAT and ATST

Both appear to be surrendering to selling pressure.

Neil
 

ChartMan

Legendary member
5,580 46
Neil. CAT looks to be at a bottom, it's certainly at support, with the next lower value at 1536.I wouldn't like to guess it's next move...ATST broken to the downside so more to come...
 

neil

Legendary member
5,167 748
cat

Agreed, Cat seems to be bouncing along an upper Fib? level. ATST..I might short with Finspreads tomorrow half an hour after opening.

Until I can find a better investment vehicle other than a spread bet firm.

Neil
 

ChartMan

Legendary member
5,580 46
Bears in almost total control....How far are we going to drop?
 

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ChartMan

Legendary member
5,580 46
Seems to be pulling back....you wouldn't think it, would you.I've been playing around with the figures and found interesting correlation between the difference signals and the FTSE.Can it just be that these charts are a day in advance of the FTSE happenings.....take a close look.The peak on the FTSE occured late in the day on 06/12/01...look where the peaks are on the charts...They occur during "period 6" which is 05/12/01 :)
 

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