technicals, page-9

nope,

I always time my purchases of stocks like this one with the cycles of the market. I only hold open positions that I feel that ignore those cycles somewhat when the DOW has peaked. For now that means TEX and BGD are the only open positions for me

I judged this months action by last months and also the relative weakness of our market compared to the US
It has meant I have cashed out well on other stocks, but not this one!

Pretty painful to watch on the sidelines I must say, especially when the DOW refuses to pull back and tonight is no exception

Some of our markets weakness I attribute to the timing of the DOW futures recently. It seems that the DOW futures go up strongly after our market closes and drifts downwards while our market is open, pulling the SPI down after the inital burst of buying in the mornings trading.

That's why our market seems to be not doing so well in comparison. I wish someone would tell that that numbskull Bill Evans who does the finance news that not all price action has some link to economic news, he was scratching his head yesterday for an answer but it was bleeding obvious to me, just fire up your DOW/SPI charts and watch them both in real time. When the DOW moves, the SPI moves and when the SPI moves a lot of top 200 stocks move with it - AQA and SMX are prime examples. The relationship isnt perfect and futures trade outside market hours as well, but it works damn well nonetheless as a interday and intraday predictor of many stocks