Money? What Money? Investment Group

At the end of this week I've got a bigger position in Autonomy (AU.) than I started with which always makes me happy but little else has happened on the trading front.

Oil

Oil is still above the $50.00 level I'm watching and it's also made it's third touch of a strong trendline I've been watching develop as shown below:

I'll be looking for the standard reversal signals as the price approaches that level.

FTSE100

The FTSE100 has made it's third touch of (somewhat weak) trendline and so I'll be watching for a fourth. One fo the touches was at the end of a fairly large spike and broke through the tredline so ideally I'd want to see another touch before looking for an entry or alternatively a very strong reversal signal.

GBPUSD

Cable is showing quite a nice reaction to a descending trend line and there is also some weak resistance just beloe the 1.5000 level which I'll be looking for signs of strengthening.

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Last Updated ( Wednesday, 19 November 2008 )

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Polls

Who wants to buy banking shares more at the moment?

	Ben
	Nik
	Scott
	No-One (yeah right)

The Doghouse:

The Metro? Really?

This weeks doghouse goes go Scott. Not only did he get a stock tip out of the metro, in a written report he then handed out he admitted he couldn't find a particular figure but i quote "It was a big number, tis somewhere in last Mondays metro". Pathetic.

That said, in all fairness, the stock (Majestic Wine, MJW) is now on our probable buy list, he still gets the doghouse for admitting his source.

Ben.

In my defence it was actually Thursdays Metro.

Scott

3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."