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pipedreamer
28 Jun 15 16:06
Joined:
Date Joined: 25 Feb 05
| Topic/replies: 547 | Blogger: pipedreamer's blog
The next move for Tesco is below 200,BUT,before then it will probably,first it will go down to somewhere near 215?,then possibly go back up as much as 231/232.Then its down to below 200.
So there you have it,maybe a high first of 231/232 BEFORE IT goes down.How far down will be calculable after a while but well before it ends up there,besides calcs can be done on the way down and come up with a main figure.
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Report Money Tree cost me thousands!! July 2, 2015 1:47 PM BST
210 today !!!!
Report pipedreamer July 3, 2015 2:48 PM BST
Yep,got it wrong,re the depth of the move.Unsure now whether it will dip below 200 before it rallies.All bets are off until it shows how deep down the current down move is.
Report Lucky Joe Joe July 6, 2015 11:32 AM BST
I think it could even test as high as 225 by middle of the month but is in a downtrend.
Report pipedreamer July 6, 2015 2:41 PM BST
Yes Joe I think you are correct.I don't analyse the smaller moves deeply enough,but basically if you are right about the main move you can make money.
The biggest test is that do the calcs match the fundamentals,and how deep are Tesco's problems?.Charts tend to predict things before the fundamentals are announced.
One has to be very focused at major turns.
Report G1_Jockey_4 July 9, 2015 10:00 AM BST
wages going up......profits going down.
Report G1_Jockey_4 July 9, 2015 10:01 AM BST
also think you need to factor the greece / eu issue separately and not confuse it with "normal" trend.
Report Money Tree cost me thousands!! August 20, 2015 12:05 PM BST
Now below 200. Spot on.
Report G1_Jockey_4 August 24, 2015 8:46 AM BST
https://www.youtube.com/watch?v=ldQpRMegYc0
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