Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

Goldies double bottom?

Reply
Kipper
Contributor
ANG, HAR, GFI - all showing a double bottom. All you tech goldies out there, am I reading this right??
0 Kudos
12 REPLIES 12
Not applicable
On a Point and Figure note : ANG is building a tentative Bullish Support Wall at the R292 Support and solid to R304(in the last number of sessions).ANG,being Geared,should reveal the first Clues of a Gold-share spurt...we shall see.
0 Kudos
Kipper
Contributor
Zarp - I've been lurking a good bit, and I see these various Point and Figure comments of yours from time to time. How do they help, and what are they?
0 Kudos
Not applicable
Kipper : Hi there.Pleased to virtually meet you....Point and Figure is anticipative.Gives you clues before the time of places where Demand overwhelms Supply, and so forth.Charles Dow invented the system way back when....and still the best Trader/Investor Tool E-V-E-R !..Google "Point Figure University" for a closer look.Best of.
0 Kudos
LogicNvest
Contributor
Hi Zarp What software / tool do you use to do the point figure charts with?
0 Kudos
Kipper
Contributor
Zarp, tnx fr the input, I'll go and look tomorrow, now it's time for bed. BTW - I don't trade derivatives, just equities, generally I'm nicely up, but don't beat the market. Ciao.
0 Kudos
Not applicable
A simple Text file with Manual inputs...it's the best way. Why ? You learn to appreciate the fruit of your labours at 6pm every day as you see where you can update the Charts(sometimes nothing moves with P&Fs)..I do it religiously.Eventually(after 3 months or so) you'll swear by it.I kid you not.
0 Kudos
LogicNvest
Contributor
Thanx, was just wondering if there is an easier way, perhaps using excel or so. Haven't used it yes just read about it after reading your post, but will definitely learn more and give it a try. Enjoy your evening (or what is left of it).
0 Kudos
Not applicable
and for that Morning upbeat Goldnote : European Central Banks have sold off 120 tons of Gold over the last 10 weeks.....= Big Buyers are loving it.Just like they did in the 1970s when the 'London Pool' tried the same thing, to suppress Gold.It did NOT work...Va-va Voom ! is coming.
0 Kudos
Not applicable
a text file with manual inputs? Now I can see why you make the disastrous trading decisions you make....finger trouble at 3 in the morning...throw away the text files and the mechanical deviders and all the other [email protected] you use....make the investment in a decent TA package... "I swear by it"
0 Kudos
dimitrius
Regular Contributor
it's one thing saying that your point and figure charts are the best ever. It's another thing backing it up with actual yearly returns you've made in a volatile market. Care to tell us how much you're making.
0 Kudos
Not applicable
Chartist : Funny...### dimitrius: Nah,dude.As soon as "Show me Yours,I'll show you mine" begins,it's like letting lightning outta the bottle....suffice it to say, I'm O.K. with Casino Chips.Let's Play.
0 Kudos
Richard_1
Occasional Contributor
Any comments on HAR and GFI ?
0 Kudos