C.F.E.-Cape Lambert Iron/Copper

Chart Forum » Stocks - ASX: short term (strictly TA) » C.F.E.-Cape Lambert Iron/Copper

«« Previous Next »»

Thread Start New Thread
Last Poster Posts Pages Last Post

Author

Message

dug

Member

Post Number: 3581
Registered: 07-2005

Rating: N/A
Votes: 0


Saturday, May 09, 2009 - 01:35 pm:

Looking for retrace by using 50%.

Retrace BUY prices next week set up.Now to consider the recent news as a maybe Good Enough for CFE to continue running and not retrace.

Even 'til Jaded.

Dig for the sake of it.

rdumas

Member

Post Number: 2494
Registered: 11-2006

Rating: N/A
Votes: 0


Saturday, May 09, 2009 - 03:48 pm:

Hi Dug,

I looked at CFE from and Elliott Wave perspective and could not really see any EW connection. When that happens I then try to look at sub patterns that may exist. One that may be relevant but very 'iffy' is a sort of Zigzag pattern as shown in the chart below.

I have shown 2 ranges on the chart. In Zigzags you will quite often (but not always) get ranges of approximately the same size. At present the current range forming is about 82% of the original range. It is for that reason that I mentioned in the other thread that there may be a little upside left.

I have to admit that I feel that I am drawing a long bow on this one so I certainly wouldn't bet my life on it.

INCREDIBLE OFFER - only $12 USD per month

FREE Incredible Charts Pro software
Powerful stock screener
End-of-day data for NYSE, NASDAQ, AMEX and ASX
Ten years adjusted data history; and
Hundreds of Indices

30 day FREE trial - Download Here

"...if one tortures a dataset long enough, it will confess to anything!"

- Andrew Lo

dug

Member

Post Number: 3583
Registered: 07-2005

Rating: N/A
Votes: 0


Sunday, May 10, 2009 - 12:42 pm:

So,rudy you use Cents not PERcents.
[a] is your low that led to a 100% Rise.
[b] is your calc point that "seems" to lead you to some conclusion that there is only a 3centish run left.
[c]is the most recent low that COULD,by your calculation suggest more 6 cents than 3 left.a 20% GO that ain;t "shabby",hey.

The trend lines from [a].They're Gann Fan like,hey?
I particularly take note of the Top Up as opening the possibility of a return to the Long Term Trend at what?44 centish or so.Whatso more IF that came to pass,we'd be in idyllic Blue Sky Territory,a Pilgrim to Mammon's Ultimate Ambition.

Rudy,speculatives do not have much Doctor's Advice happening for them.I've heard it said Penny Shares require a completely different MindSet to Blue Chips even say Top 100's.

Now,so far my Scenario digging of CFE has this bare bones

1]CFE is Chinese Connected
2]They're JORCing up Hematite Deposits in Sierra Leone.
3]The Chinese are REAL Interested in African,Green Fields Developments especially for Steel Production and Hematite is the Preferred Ore.
4]CFE has "taken over" a Mt Isa Copper Mine Producer or rather looks like it has subject to a maybe Left Field,Outta Nowhere Someone else Trumping the Bid.
5]Copper is the current favoured Material.
6]The DARK Side is that this Copper Company is in d'poo for Enviromental Vandalism.Blames Nth Qld Weather for causing tailings leakage into some creeks.

CFE has some other stuff for and against but I realise rudy it ain't my vocation to convince you to Buy it.Rest assured though I'm not going to bet my life on it and I really appreciate you adding/sharing to my making of Decisions.

regards

Even 'til Jaded.

Dig for the sake of it.

rdumas

Member

Post Number: 2502
Registered: 11-2006

Rating: N/A
Votes: 0


Sunday, May 10, 2009 - 01:31 pm:

Hi Dug,

When you are looking at the larger cycle patterns the first wave would be from 'a' to the top at around $0.32. The next wave would be from that top to the low at around $0.21 or your 'b'. The 3rd wave would be from that low to where ever it ends up. At this stage I would assume that this 3rd wave is not yet complete.

You 'c' is the low of a sub-wave of the 3rd larger cycle wave. That is to say the 3rd larger cycle wave would also have 3 waves. The first sub-wave would be the top at around $0.28, the second sub-wave would be the low at around $0.24 and the third sub-wave would be where ever the last leg up (possibly not yet complete) ends up.

Cents and PERcents are one and the same thing when you apply the appropriate conversion.

I am not familiar with Gann Fans so can't comment. I do agree however that if this pattern is 'channeling (not being spooky here) then you possibly are looking at around $0.39 ~ $0.40

You are spot on Dug, the stuff you look at is like on a different planet to what Stock Doctor looks at. Totally different cultures involved. You appear to be at home in the non Stock Doctor environment so that's what you possibly need to stick to.

I realise that you are not trying to convince me to buy the stock because it is not one that I feel comfortable with other than from a bit of a speculative playing. It is always good to swap ideas in order to have a more complete picture on which to base decisions.

I just posted something on ODB about MCP which may or may not interest you too.

Cheers

"...if one tortures a dataset long enough, it will confess to anything!"

- Andrew Lo

hershy

Member

Post Number: 2276
Registered: 10-2002

Rating: N/A
Votes: 0


Monday, May 11, 2009 - 09:49 pm:

Dug,
Would you mind telling me why the fast exit from CFE ? Easy for others to analyse after the day is done but what were your parameters for this trade?
I assume you entered pretty close to the top and exited somewhat lower. What margin of error did you give yourself ?
It is always difficult to set a decent SL after a wide ranging bar such as CFE had Friday. I would have though 28 cents is the place for a stop loss. Interesting observation too - a gap at 42 cents should start to exert some pulling power now, don't you think ?

I do it doji style !

http://members.optusnet.com.au/~hershy/

dug

Member

Post Number: 3589
Registered: 07-2005

Rating: N/A
Votes: 0


Tuesday, May 12, 2009 - 10:00 am:

Parameters Hershy,
Really wanted it to retrace but bought the Gap Open.
This was because I hoped or had expectation that it may have a run to 40ish in it on Monday.
Expectation based on CFE being in Copper based in Australia giving Sentiment Push.
Yes,very dangerous buying a Long Candle on significant Volume last Friday on Monday's Open.
So Market Depth watched it with a "Hope-lessened" Attitude humming Won't get fooled again[by d'Who].
Sold at 34.
Stop Loss points based on 50% too far percent wise from gap Open when only a measly 3.5 grand my play.

Basically-My "plot" was to buy the Retrace.Open "encouraged" me to think it had another decent Green Day in it but just didn't want to go into the Afternoon post 11am Sessions behind buy price too far.

Also I'm a bit negative on African Adventurers and haven't done Soverign Risk on Sierra Leone.
cheers.

Even 'til Jaded.

Dig for the sake of it.

hershy

Member

Post Number: 2278
Registered: 10-2002

Rating: N/A
Votes: 0


Wednesday, May 13, 2009 - 09:14 pm:

Hi Dug,
Fully agree about African adventures.
You gotta do what you gotta do, Dug. For what it may be worth,
and my parameter are different to yours, I would have put my stop loss bellow support. Sure, you buy fewer shares but you do have the chart on your side - sort of !

BTW, there is a gap @ .42 cent that will exerting quite some pulling power now.

I do it doji style !

http://members.optusnet.com.au/~hershy/

hershy

Member

Post Number: 2279
Registered: 10-2002

Rating: N/A
Votes: 0


Thursday, May 14, 2009 - 08:10 pm:

Oh well, it's all academic now !

I do it doji style !

http://members.optusnet.com.au/~hershy/

dug

Member

Post Number: 3596
Registered: 07-2005

Rating: N/A
Votes: 0


Friday, May 15, 2009 - 10:39 am:

Watching,waiting for 50% retracement surely ain't "academic",Hershy?Yeah the single big bar 50% is gone yesterday,along with one Support Line but it ain't over yet though it will be disappointing if the Whole last Friday Candle is negated.
I reckon it's all in Confirmation this Copper Play is On.Such should come thru soon and hopefully we'll see some Chart Action doing the Revelation by Insiders before d'News.

cheers.