Forum Archive Index - July 2002

["andrew cottingham" <arco@adinfinitum.co.nz>]

Phyllis
Sorry, unable to help on this one - I am not shorting ASX stocks.
Can anyone else on the forum help with this please ?
Andrew

----- Original Message -----
From: Phyllis Bergquist <phyl@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, July 10, 2002 5:35 PM
Subject: Re: [sharechat] CLI


> 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.
> > >
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> >
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