445 days ago
Analyst and trader Michael Moor believes in technical analysis. Whatever.
1768 days ago
The acceptable face of technical analysis, Jordan Roy-Byrne is on a roll with his gold call. In the latest video from Palisade Capital, he discusses the key technical levels, the importance of the close next Friday, Gold’s performance against foreign currencies and stocks and potential upside targets in Gold, GDX, and GDXJ. Enjoy.
2384 days ago
So gold and gold stocks have started to rally. What next? Over to Jordan Roy Byrne for his technical analysis with the latest podcast from Palisade Capital
2638 days ago
Gold formed a bearish reversal on its weekly chart right at a confluence of strong resistance at $1220/oz.If this reversal holds, then what happens to the gold stocks which have showed increasing relative strength? All is revealed - if you believe in Technical analysis, by Jordan Roy Byrne in the latest video update from Palisade Radio
2806 days ago
Ok it may be technical analysis and, therefore, by definition utter cobblers but for those who are interested Jordan Roy Byrne at Palisade Capital remains bullish on all things golden. Let us hope that for once TA gives us a correct signal with his medium term targets.
2925 days ago
He may be a technical analysis freak but that does not mean he is not correct. After all this is not Zak "Judas" Mir we are talking about here. Jordan Roy Byrne argues that at the start of a bull market the miners perform way ahead of the metals and this is what we are seeing now. This has been the worst bear market in 90 years, so the following bull market should prove to be even bigger.
3433 days ago
Are these folks certifiably insane or is this parody? You really just do not know these days but this post has it all: a blinding faith in Rob Terry, total lack of historic knowledge, ludicrous bid story, technical analysis, total innumeracy and the Harriet Green to be CEO story. Could this be the most brainless Bulletin Board Moron yet or is just an attempt at humour. Given how many loons here are out there I suspect the former and Jerry2Toes is the Bulletin Board Moron of the day. From the ADVFN Asylum I bring you:
3746 days ago
Zak Mir is perhaps Britain’s best known chartist – for 20 years he has been a leading practitioner of technical analysis. And today he has published a major new book: The 49 Golden Rules of Making Money from Technical Analysis of Shares which will be priced at £10.25 on Amazon. However Shareprophets has three hundred free copies to give away.
In this book Zak lists the 49 key technical set ups which act as the clearest indications of share price movements. He explains why they are critical and what exactly to look for. And for each set up he gives a clear example from recent history that demonstrates what happened and how this was a money making signal.
e-copies of this book will be despatched by the end of the month and we have just 300 to give away before then which will be sent out on a first come first served basis.
To ensure that you get your free book click here
3766 days ago
Yes, I am sub-editing a book by Zak Mir. My good friend is a top technical analyst but his Harrovian education has left him not quite semi-literate for that would be an insult to the semi-literate, but with what one might term a unique style.
Zak does to the English language on a daily basis what Call Me Dave has done to the Idea of governing with basic Tory principles. He twists, distorts, invents and produces something with only a fleeting resemblance to the original.
However I have enjoyed ten years of translating, ooops I meant editing, Zak’s prose. I know that trying to sub a whole Zak book did drive my friend Contra Coffee Man Stephen Eckett to the brink of insanity a couple of years ago, but if anyone can do it, it is me. A fine book is on the way.
Naturally I am procrastinating like hell. So I am writing this piece. The Mrs has offered me the opportunity to do some tidying and to cook supper and do all the washing up as well as empty the cats’ litter tray. “No problems my dearest.” I know the alternative.
4084 days ago
I have no idea what the following gobbldeygook from my old friend Zak Mir means but I gather it is called Technical Analysis. But he seems to think that shares in Avanti are going up. I agree. But for the life of me I have no idea what Zak is on about. The great man writes…
It would appear that Avanti Communications is something of a Marmite company in the sense that traders seem to either love it or hate it – especially in terms of the fundamentals. This concept is represented quite well by the price action trace over the past year as it shows wild swings for the share price either side of the 200 day moving average currently at 340p. In fact, at either end of the range we have seen sharp bull and bear traps making any predictions regarding this stock fraught with danger.
4092 days ago
Of course all charting/ technical analysis is hogwash but now and again I humour my old pal Zak Mir by bringing you a snippet of his work. On EMED my target price is 38p but Zak seems to think the shares should race ahead to 20p. That would be a start. Here is his share tip – not from t1ps.com natch.
As can be seen from the daily chart of EMED Mining over the past couple of years, we have been treated very rough ride terms of the noisy price action. But the most painful part of the journey could be described as that seen this time last year when the stock jumped from below 8p up to 16p and then back again. It could be argued that for Bulls of the stock to have survived that kind of experience, really would underline their loyalty / blind faith as far as the company is concerned. At least on the back of the early 2012 white knuckle ride it is evident how since May last year despite all the volatility, a rising trendline has been put in place by the shares one that currently runs level with the key 200 day moving average at 10p.
Indeed, the most obvious thing to do is to draw a parallel trendline to this multi-tested 2011′s support line in order to discover what the likely upside here could be – a likely 2 to 3 month price target at 20p for the stock. Indeed, it may be achieved even sooner than this suggested timeframe as yesterday’s 13p low at former post-July resistance remains in place as the fresh support for the stock.
4111 days ago
Earlier this week Afren plc (AFR), a FTSE-250 oil and gas exploration and production company which despite its size remains a darling of the Bulletin Boards, updated investors on its performance in 2012 and its outlook. This review helped the shares up to 152.5p although they have subsequently slipped back to 147p which capitalises the company at £1.595 billion. Chartists will note that 152p proved a resistance level ten months ago and failure to breach that level ( which had been support a ten months prior to that) saw the shares fall back to 100p. But I’d rather burn my West Ham season tickets and start supporting Spurs than become a Technical analyst and so I review the fundamental case.
4113 days ago
I tried to steer Zak Mir away from the dark side of Technical Analysis and towards the true shining path of fundamental research last night. Of course I failed. Zak explained that as a semi-literate Old Harrovian he had to stick to charts. Words fail me. Or rather they fail him. That is the problem…. But, during the course of our discussions, he sent over a table of the highest yielders in the FTSE 250 Index and it is illuminating. The three highest yielders (Cable & Wireless, First Group and Man Group) offer such moth watering yields that they are too good to be true. The yield tells you that the dividend must be cut.
Below that trio, there are only 11 stocks (out of the 247 that remain) that offer 6% or more. Frankly, I would not be terribly sure that all of them will hold their payouts. As a value investor this is pretty alarming.
4146 days ago
Just a brief note on AIM listed Falklands Oil & Gas (FOGL). Thanked by no-one really I have been warning folks to bail out all summer. And I have remained bearish. My most recent piece was on November 27th when I said that the stock was still a sell even down at a 37.5p share price. The share price is now 29.75p. But it will get worse.
It is always good to agree with a good pal and I have few better friends than Zak Mir. I do not really understand the world of technical analysis but according to him the charts look dire. He has thus published this sell advice today .
It rather chimes in with my own fundamental sell advice published here on November 27th.
I think that makes the conclusion a universal “sell”
4167 days ago
My pal Zak Mir asks me to plug this article. It is all TA (Technical Analysis) gobbledygook to me so I have no idea what it means but it is about Avanti Communications (AVN).
Avanti has served up a roller coaster ride of price action so far in 2012 that apart from being excellent fodder for a whole books worth of technical analysis, has although given traders / investors the most painful of journeys. But at least after an accelerating decline from an initial August bull trap retreat it would appear that the bulls have a “final” opportunity to go long on an non catching a falling knife basis, or even worse, a leap of faith.
This is said on the basis of a falling line of support from August last year on the daily chart currently running through the 211p level.
