Guest_FaFa!_* Posted June 10, 2009 Share Posted June 10, 2009 We doubtedly could do with some TA, but my raging amateur analysis is the same as others: 1. FTSE struggles to break 4500 properly, despite trying about three times since May. 2. It failed again today 3. It hasn't come close to challenging 4600 of January 4. It is clearly the last grasp for a major push down - there is no substantive economic news coming through that indicates a push up. In fact, the main thing of the last few days has been companies going to the wall and people being laid off. If I had money to risk (which I don't, sadly) I'd put at 4500, nevermind 4600. Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted June 10, 2009 Share Posted June 10, 2009 c'mon Noel, give us some charts'n'stuff. ps - I don't think he does 'humour' Oh dear, I do hope he will not be offended by my miserable attempt at the genre, then! totally unrelated edit - I always thought it was tenderhooks you know, until watching QI one night. Tenterhook's I think that with the adoption of regional accents on BBC and other broadcasting media it has become more difficult to discern the subtle difference that can sometimes occur between a "t" and a "d" so that mishearing "tenterhooks" for "tenderhooks" is entirely excusable. That's an aside, btw, not an invitation......oh lawks...! Quote Link to comment Share on other sites More sharing options...
Guest Winnie Posted June 10, 2009 Share Posted June 10, 2009 FTSE is hanging in there even though the DOW at peak pre-market had a futures of +115, opened up 70 and now slumped back to 14......... FTSE has reluctantly re-traced a little to 66 though it was 100+ at peak. FTSE is basically a commodities index in all but name and this commodities nonsense is exactly the sort of think governments will intervene over. They absolutely cannot afford an oil and inflation spike at such a delicate stage of the economic proceedings. BTW - Noel may even BE a computer model. (said in dalek voice:"and they do not have sense of humour...affirmative...affirmative!) Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 10, 2009 Share Posted June 10, 2009 (edited) I think that with the adoption of regional accents on BBC and other broadcasting media it has become more difficult to discern the subtle difference that can sometimes occur between a "t" and a "d" so that mishearing "tenterhooks" for "tenderhooks" is entirely excusable.That's an aside, btw, not an invitation......oh lawks...! in true Stephen Fry style.... edited - right, back to the serious stuff. FTSE @ 1500 before 2010. Edited June 10, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
R K Posted June 10, 2009 Share Posted June 10, 2009 we need some TA from Noel to clarify this I'm afraid. What's to clarify? It's a statement of historical fact. http://stockcharts.com/h-sc/ui?s=$FTS...id=p96309382683 Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 10, 2009 Share Posted June 10, 2009 What's to clarify? It's a statement of historical fact.http://stockcharts.com/h-sc/ui?s=$FTS...id=p96309382683 either you have had a humour bypass, or your humour is soooo dry it could be used as kindling. Quote Link to comment Share on other sites More sharing options...
durhamborn Posted June 10, 2009 Share Posted June 10, 2009 My pension is about 90% cash.Nobody goes bankrupt from having too much cash. When this market catches up with reality it will do so with horrifying speed . Zimbabwe?. There is only one real form of cash,,but i darent mention it on here Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted June 10, 2009 Share Posted June 10, 2009 in true Stephen Fry style.... edited - right, back to the serious stuff. FTSE @ 1500 before 2010. I don't know. Have you ever blown up balloons for a kids' party? You blow up a balloon and get over ambitious and the darn thing bursts. Then you get a little more circumspect and start to blow up all balloons to roughly the same size as one that didn't burst. And then you start blowing a balloon that seems to want to defy history and reason, and you want to blow and blow and blow and it gets bigger and bigger and bigger and probably some accident of skin-thickness in the manufacturing process allows that balloon to double in size from all that went before. So you keep blowing and blowing and blowing.....just to test the breaking point.... I think that's where the stock market is currently at..... But I wouldn't bet on it. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 10, 2009 Share Posted June 10, 2009 Zimbabwe?.There is only one real form of cash,,but i darent mention it on here you tempted to get some now ? Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 10, 2009 Share Posted June 10, 2009 I don't know.Have you ever blown up balloons for a kids' party? You blow up a balloon and get over ambitious and the darn thing bursts. Then you get a little more circumspect and start to blow up all balloons to roughly the same size as one that didn't burst. And then you start blowing a balloon that seems to want to defy history and reason, and you want to blow and blow and blow and it gets bigger and bigger and bigger and probably some accident of skin-thickness in the manufacturing process allows that balloon to double in size from all that went before. So you keep blowing and blowing and blowing.....just to test the breaking point.... I think that's where the stock market is currently at..... But I wouldn't bet on it. you're on form today methinkshe. Quote Link to comment Share on other sites More sharing options...
Mark Uttley Posted June 10, 2009 Share Posted June 10, 2009 c'mon Noel, give us some charts'n'stuff.ps - I don't think he does 'humour' Oh, I'm sure he does. Anyway, here's a chart we can all laugh along to. Quote Link to comment Share on other sites More sharing options...
durhamborn Posted June 10, 2009 Share Posted June 10, 2009 you tempted to get some now ? Well i own some future production through a few miners I bought heavily at the bottom mainly Asia and must admit i find the 50%+ rise too fast for comfort.As mentioned the FTSE seems like it doesnt like 4500 at all.In my experience this is when investing gets really hard.All i can come up with is running a 15% stop.If governments hadnt printed so much id think we were way too high.However there is a lot of inflation somewhere. Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted June 10, 2009 Share Posted June 10, 2009 you're on form today methinkshe. Why, thank you G.O.M. I can now go away and have a quiet crisis of confidence about my off-form days. (Add appropriate smiley thingy.) Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 11, 2009 Share Posted June 11, 2009 Do you have any evidence to back that up? For example how much was paid back in mortgages, credit cards, personal loans etc vs. how much was borrowed over the last 12 months?Don't get me wrong I'm not accusing you of telling porkies. I'm actually genuinely interested in the figures. http://www.marketoracle.co.uk/Article11247.html Some good graphs here. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted June 11, 2009 Share Posted June 11, 2009 (edited) I can guarantee that stocks will shoot up from here. How do I know? I sold my stocks and shares ISAs this week. Edited June 11, 2009 by the_duke_of_hazzard Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 11, 2009 Share Posted June 11, 2009 I can guarantee that stocks will shoot up from here. How do I know? I sold my stocks and shares ISAs this week. Toss a coin - I think that is the financial planning that is going on now. I still think they are more likely to go down. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 11, 2009 Share Posted June 11, 2009 I can guarantee that stocks will shoot up from here. How do I know? I sold my stocks and shares ISAs this week. I think you have made the right decision tDoH. You may miss a bit more of the fake rally BUT you will get to keep your shorts on. Quote Link to comment Share on other sites More sharing options...
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