Archive through 11 September, 2003

Chart Forum » Traders Groups » "Sailing the ASX" » Archive through 2003 » Archive through 11 September, 2003

«« « Previous Next » »»

Author

Message

starboard_tack

Member

Post Number: 33
Registered: 04-2003

Rating: N/A
Votes: 0


Wednesday, September 10, 2003 - 11:27 am:

Gee it's quiet here this morning - did we all drink too much rum last night, or are we all just plain exhausted from holding on to the sails?

Captain,

SIE had a big day yesterday, is it worth hoisting?
SIE

Starb'd

cjg

Member

Post Number: 2
Registered: 08-2003

Rating: N/A
Votes: 0


Wednesday, September 10, 2003 - 01:36 pm:

also ran

great call on gel and gbg is flying. thanks. can you provide us with an update please?

captain_chaza

Member

Post Number: 418
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, September 10, 2003 - 01:47 pm:

Ahoy Able-Seaman Staboard Tack

The Captain could not work out which sails to down so decided to do as our Mate Officer Spids does and sleep in
Amazingly after a couple of hours at sea it all becomes all too clear and all too late what orders should have been called

Looks like the Southerly Buster is catching up as we have given up yesterdays gains
Don't you just hate it when they get the September 11 shakes

Always preying for a good close at dusk
Captain Chaza
capn

spider

Member

Post Number: 978
Registered: 10-2002

Rating: N/A
Votes: 0


Wednesday, September 10, 2003 - 02:20 pm:

Morning Captain,
another late watch for first mate spids.
Still be asleep too, if it had not been for the combined efforts of mrs spids, no2 son, and the garbage scows that ply these waters on a Wednesday morning.

Still waiting to hear from our sister ship (ESTG). They had some 'brass' from WA on board last night, he brought important information from the front. Must have been a good night as no one on board is answering to my signal light.

On another subject, what a great day it was yesterday.
With only a small amount of sadness, one of spids sails split after a brilliant run (AGX). Always a pity to lose a position.

But looking on the bright side SMY was showing some weakness so spids thought he might be in with a chance of grabbing her. No such luck, so far today, she saw me coming and covered up her weakness, and sped away.

I love the show of strength, but I'm beginning to think that I am going to be chasing her for a while yet.

It just goes to show you, if I had been able to sleep a little longer, I would have been spared all this 'noise' that you get at the beginning of the day.

Usually, by the time I get to it, it is just numbers on a page , and I am spared the confusion.

A couple of sails that are doing well on this rare down day....................................

It is only 1:00 as I write this , so a lot could change in 3 hours, but............

AYO; BBG; EMS; IMA; RAC; UEC; WTE.

On another sad note, one of spids old favourites, SYM, looks like getting stopped out today, at a profit, but still sad to see a good chapter close.

spider. .

When I was young I used to think that wealth and power would bring me happiness. I was right.
- Gahan Wilson

alsoran

Member

Post Number: 83
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, September 10, 2003 - 09:07 pm:

just a few quick observations:

haven't been following GEL, but following on from my last post, the trend still appears to be respecting channel support ...

gel update

GBG's advance has exceeded even my expectations, and triggered the first sell signal at 16.5 today, as it penetrated the upper channel boundary. Hope you've all made a nice profit from this advance.

gbg update

and MWE is also running well, but nearing profit targets at channel upper boundary

mwe

cheers
A.

alsoran

Member

Post Number: 84
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, September 10, 2003 - 09:36 pm:

chaza and crew,

if you are looking for another speculative play, keep an eye on Initec (INL)

accumulating above 3.5, looking for 12

cheers,
A.

captain_chaza

Member

Post Number: 419
Registered: 02-2003

Rating: N/A
Votes: 0


Thursday, September 11, 2003 - 10:31 am:

Ahoy brave and loyal crew

The Captain doesn't feel it's a good idea to be sailing around in these winds under a full spread of sail
ship5

It is difficult to remember
Safety is paramount at sea to both crew and craft

All hands on deck
At dawn on the open

LOWER the blue CLO
LOWER the blue RBK
LOWER the blue ENE

LOWER the green LUM
LOWER the green REA
LOWER the green MRC

LOWER the red IVK
LOWER the red PWR
LOWER the red ADN
LOWER the red GBG

Bon Voyage and God's speed
Captain Chaza
capn

(Message edited by captain_chaza on September 11, 2003)

peterloh

Member

Post Number: 219
Registered: 03-2003

Rating: N/A
Votes: 0


Thursday, September 11, 2003 - 11:05 am:

Ahoy Captain/First Mate Spider

Look like AGX will bounce back today. Notice the gap down yesterday and red spinnaker. This is a morning star and signal a reversal of trend - a very strong indication. I have problem in down loading the chart, perhaps someone will help me on this.I hope this one will help, on a day like this.

Cheers

Peterloh

-------------------------------------------------
Disclaimer: Please note that comments made in this column is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.Please consult your stock broker or financial adviser in regard to your personal situation.

peterloh

Member

Post Number: 220
Registered: 03-2003

Rating: N/A
Votes: 0


Thursday, September 11, 2003 - 11:16 am:

Yo Spider

IRN On tuesday hangman, yesterday doji, signal a reversal, a temporary retracement, one for the note book.

SMY may continue with its retracement today?

Cheers

Peterloh

peterloh

Member

Post Number: 221
Registered: 03-2003

Rating: N/A
Votes: 0


Thursday, September 11, 2003 - 11:44 am:

Yo Spider

Coming back to AGX , cannot held noticing the retracement to yesterday's price a Fibonacci retracement of 50% a support level in Elliot waves calculation?

I am in AGX this morning having been a bystander watching it rise in the past few weeks.

Cheers

Peterloh

williamat

Member

Post Number: 96
Registered: 09-2002

Rating: N/A
Votes: 0


Thursday, September 11, 2003 - 12:08 pm:

Peterloh,
You have me intrigued. Louise Bedford shows a MORNING STAR as a 3 candlestick unit. I can tell you are very perceptive, but to anticipate the candle of the next day?? which you seem to have done correctly ??. Okay please tell me what I'm missing. Bill.

peterloh

Member

Post Number: 222
Registered: 03-2003

Rating: N/A
Votes: 0


Thursday, September 11, 2003 - 12:22 pm:

Ahoy Captain

We are sailing into calmer waters.

Peterloh

alsoran

Member

Post Number: 85
Registered: 02-2003

Rating: N/A
Votes: 0


Thursday, September 11, 2003 - 01:00 pm:

peter,

in terms of external fib relationships, you should also note that the 2003 upleg has retraced the 2002 decline by 262%

cheers
A.

agx

peterloh

Member

Post Number: 223
Registered: 03-2003

Rating: N/A
Votes: 0


Thursday, September 11, 2003 - 01:11 pm:

Bill

You are correct. If you read a fair bit like me, to some it is a waste of time, I call it research and work. You will come across books written by experience traders,most will say that the best traders do not always wait for all the i's to be dotted or the t's to be crossed. By the time you have waited for all the ducks to be in placed you would have missed the trade. You told me you have read Louise Bedford's Book. Louise also mentioned this in her book Trading Secrets. When it rains, take out your umbrella, dont wait for it to pour.Look like you are one of those that will wait for todays end of day's trading before you would like to think about it. Well good luck.You will notice my call in several of my posts, you will decide whether I am just lucky or I have a system.

Cheers

Peterloh