Next stop for FTSE

[ratewhore]

Originally Posted by SantaClaus

Oh sorry, this is a boring IT forum.
You better get back to your job whilst it still exists

Plan A going swimmingly thank you and Plan B going well so stick that up your hoop!!

Cock...

[SantaClaus]

Originally Posted by HairyArsedBloke

S3

S1: 4221
S2: 4128
S3: 3890

Not a follower of the FTSE, but I think the 3800 is roughly right. It's around the 2003 lows.

Yeah, pivot points, were testing S3 at the moment.

[Cyberman]

Originally Posted by sasguru

Yes let's have Cybercretin and atW in charge - things will soon be sorted then

The sad thing is that I certainly would not have done worse. These guys should have the best brains at their disposal, but have waited a year to do the right thing..... why not a year ago??? It is too late, and the rate cut now needs to be much bigger.

[HairyArsedBloke]

Originally Posted by SantaClaus

Yeah, pivot points, were testing S3 at the moment.

S4 is 3652 - that's your predicted low?

I don't like pivots myself.

[SantaClaus]

Originally Posted by HairyArsedBloke

S4 is 3652 - that's your predicted low?

I don't like pivots myself.

My predicted low is the 1.382 fibonnaci extension from the last price swing.
Pivots are ok, but they need to be used in confluence with other things.

[sasguru]

Originally Posted by HairyArsedBloke

S4 is 3652 - that's your predicted low?

I don't like pivots myself.

Bah - technical analysis.
Questionable at the best of times - when panic sets in completely useless.
The market is on a random walk right now.
You need to understand epistemology.

[dude69]

Originally Posted by Bagpuss

I'm just waiting for GSK to fall bellow £10. Should see a 25% to 50% profit in a year or two. I'm not greedy.

Plenty cheap ATM

BATS below 52-week lows, UU at 4-year lows, etc.

[Moscow Mule]

Originally Posted by sasguru

Bah - technical analysis.
Questionable at the best of times - when panic sets in completely useless.
The market is on a random walk right now.

OMG, I agree with Sas. Time for a stiff drink...

[TimberWolf]

Originally Posted by sasguru

The market is on a random walk right now.

Emotional/flocking/herding/stampeding

[Rantor]

Originally Posted by Moscow Mule

OMG, I agree with Sas. Time for a stiff drink...

I've got a cheque in my wallet to pay for a car today. I think I'll buy General Motors instead at lunchtime.