Forum Archive Index - July 2002

[Phyllis Bergquist <phyl@clear.net.nz>]

Andrew and Phaedrus et al,
Thanks from several people for your expositions on different time frames.
Much more educational than looking in a text book.

Andrew - May I ask again - I know if I phoned the Aussie broker could get
reply but - awfully sorry - this medium is so incredibly helpful and easy.
(Enuff grease??)
Do you have to have a full service broker for shorting in Australia and do
you have to lodge extra funds (as in futures)?     I am v interested in
shorting now - so many opportunities whether bull or bear mkt if one follows
one reasonably volatile company.   Or so I reckon without dabbling!!!!!   Ah
the wisdom in inexperience....

TVM    Phyllis.
----- Original Message -----
From: "andrew cottingham" <arco@adinfinitum.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, July 10, 2002 1:17 PM
Subject: Re: [sharechat] CLI


> Phaedrus
> I am not trying to say anyone is right or wrong, just showing that chart
> patterns can indicate opposites depending on our personal thoughts and the
> positioning of trend lines. I tend to work short-term trades using candle
> patterns, trend lines and other indicators, but it is obvious whether
short
> or long term, we all see things differently when looking at our charts.
> Hindsight charting is a wonderful thing, but the most important gift a
> trader can have is the ability to predict outcomes in the shorter term,
and
> in this present market climate that is where the gains are to be made IMO.
> The final outcome for CLI is unknown, and I have said many times recently
on
> ST the share is currently still in a downtrend. However, several charts I
> have posted yesterday/today indicate the possibility of a bullish pattern
> developing. Whether they run to completion is something that will be
> determined later in the play.
> In the meantime I will continue with short term plays on CLI which to date
> have been extremely successful, and at some point in the future we may see
a
> positive break of the current downtrend line.
>
> Andrew
>
> ----- Original Message -----
> From: Phaedrus <Phaedrus@techemail.com>
> To: <Sharechat@sharechat.co.nz>
> Sent: Wednesday, July 10, 2002 12:26 PM
> Subject: [sharechat] CLI
>
>
> > Andrew,
> >        Go back as far as you like, the situation is unchanged. Attached
is
> a chart going back even further, to 1992. For you to speak of Bullish
> patterns and "the possibility that the share could be falling back into
its
> old uptrend channel from 1997" is, at best, fanciful. As Kiwi has noted,
CLI
> is in a short-term downtrend, within a mid-term downtrend.
> >  CLI has been falling for three years now. I would have thought it
> extremely difficult to put a positive spin on that fact. You have tried
> hard, but I fear it may be at the expense of your objectivity.
> >
> >       Regards,
> >                 Phaedrus.
> >
> > _____________________________________________________________
> > Are you a Techie? Get Your Free Tech Email Address Now! Visit
> http://www.TechEmail.com
> >
> > _____________________________________________________________
> > Promote your group and strengthen ties to your members with
> email@yourgroup.org by Everyone.net  http://www.everyone.net/?btn=tag
> >
>
>
> --------------------------------------------------------------------------
--
> ----
>
>
>
>
>
>
> --------------------------------------------------------------------------
--
> ----
>
>
>
> --------------------------------------------------------------------------
> --
> > To remove yourself from this list, please use the form at
> > http://www.sharechat.co.nz/chat/forum/
>
>
> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/chat/forum/
>
>



----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/