60p looks like good support

As long as over half the world is experiencing growth, over 7%, we will now face the problems you are discussing here. Growth and increasing land price in China, India, and many other highly populated countries will helpthe developed countries.

Remember people over there have no debt, and can buy the same houses in USA at cheaper price than in their own countries.

I don't think so ahoj.

masters profits will soon be gone

Handle has just fallen off his cup.

if he's a day-trader, then maybe not, but i must say i find (a) his method far too esoteric for me and (b) i cannot believe peeps can actually make decent profits day in, day out as a day-trader - it's too akin to backing horses as far as i can see, though i am sure someone will highlight otherwise

It's definitely possible, cynic, particularly using margin, but you have to watch the screen all day and be ruthless. I decided many years ago now that intraday wasn't what I wanted so trade in timescales from days to weeks/months. Some are actual shares and some are CFDs.

It suits me and my lifestyle far better. ;-))

I just shut my eyes chuck a dart and buy whatever , works for me :-)

It's now down around 35% from its high .... do you use a stop loss mr rsi ?

Lloyds, Royal Bank of Scotland and Northern Rock will be broken up and parts of their businesses sold off to create three new banks, it emerged last night.


Government sources said ministers were "determined" to see more competition in the market, following the 1.2 trillion bailout of the sector which resulted in the loss of three independent banks and several building societies.

The European Union will today approve the split of Northern Rock into two sections, a "good", profitable, bank with no bad debt, and a "bad" bank. Ministers will begin exploring sale options at the start of next year when the split happens and a deal could be finalised before the general election. The remaining "bad" bank will remain in state hands for the time being although sales of "tranches" of the more risky mortgages it holds will be explored in the longer term.

The Lloyds and RBS sell-offs will follow over the next three to five years and will be supervised by UK Financial Investments, the government body set up to oversee taxpayers' investment in the banks.

The Government is understood to have made clear that existing larger operators will be banned from participating in the sales.

Ministers want to drive competition in a sector they believe is too concentrated in the hands of the "Big Four" of Barclays, HSBC, Lloyds and RBS. Virgin Money is known to be watching the situation closely and is in talks to add former Northern Rock chairman Bryan Sanderson to its board ahead of a possible bid for Northern Rock.

Tesco is another company that could be enticed into an auction as it seeks to grow its financial services business.

Spain's Banco Santander, which owns Abbey, Alliance & Leicester and part of Bradford & Bingley, may be allowed to get involved because it is significantly smaller than the big banking groups in Britain. But it could still be frustrated by the Government's determination to attract new entrants.

"We are keen to see greater competition in the banking sector as soon as possible," said a government source.

A deal to buy "good" Northern Rock would bring a new entrant around 20bn of deposits together with a portfolio of low-risk mortgages and a platform to expand operations that remain concentrated in the North-east nationwide.

Lloyds is expected to face a forced reduction in its share of the retail banking market from 30 per cent to 25 per cent, with the disposal of more than a seventh of its 3,000 branches expected.

It has been desperately seeking support in the City for a share issue of up to 15bn to keep it out of the Government's asset protection scheme that will cover it against losses from up to 260bn of risky loans.

But even if Lloyds can achieve this, it will be forced to sell parts of itself as a consequence of the Government's injection of nearly 15bn to recapitalise the bank at the height of the financial crisis. That will be seen as a blow to Eric Daniels, chief executive, who indicated at the bank's recent results that he did not expect to make significant disposals. A spokesman said: "We continue to work with European regulators."

Royal Bank of Scotland, meanwhile, is working on plans to sell off a "couple of hundred" branches, including RBS branded outlets in the UK and NatWest's Scottish branches. It is certain to join the government scheme although how much will be protected is not yet certain.

Final details on the Lloyds and RBS disposals are set to be announced alongside details of the asset protection scheme.

But an indication of the EU's "get tough" approach came on Monday when ING, which owns the ING Direct savings bank in Britain, said it would split itself in two to satisfy watchdogs unhappy at its bailout by the Dutch government.

Britain's banking sector was further consolidated on Monday with the announcement by Barclays of a deal to buy Standard Life Bank.

Government sources said that while the new banks would be relatively small compared with the big four, they hoped they would prove fast moving and innovative.

The effect Standard Life Bank had on the market when it was launched has been noted, although its activities were constrained by the credit crunch.

The Government currently has a stake of 70.34 per cent in Royal Bank of Scotland and 43.44 per cent in Lloyds. That gives ministers the whip hand over both banks. They are expected to take up the taxpayers' "rights" when Lloyds launches its share issue to maintain the size of its investment.

Obviously doesn't wanna talk about it .... funny that.

From my weekly page "UPS"...........


Master RSI - 26 Oct'09 - 14:25 - 71 of 148 edit
Just in case you have not noticed, the Market is on a funny mood / shape, for the last couple days and the MMs are playing with it at the same time


The market has continued with the same mood since
For the last few years OCTOBER has been a month of disaster consequences for the stock market, the more famous one was 1987.
This Year was OK till now, but it seems it was left for the last week of the month, when normally it was around the 3er week.

Ah I see ... it's the MM's fault LLOY's are falling.

Yeah right !

Looking at things objectively ,this week ought to have been foreseen as a bad one
80 years after the 29 crash

RSI,

Can you explain to me why the Support line of 87p is now a resistance Line.

Are your interpretations of the indicators based on a lot hope and self deception particularly about your own ability to foresee the future?

Ain't it quiet!

See next support line at 72p.

A long way from 94p.

Ah well another Messiah hits the deck.

Some posters are DEAF , BLIND and DUMB

The FTSE is down 120 points

And the point in you getting the family album out mr rsi is ...... ???

someone said he is from palestine i think

as any palestinian will tell you, the whole conflict in m/e revolves around their quest for a homeland ...... as it stands, i am afraid palestine does not exist as a sovereign state.

as for LLOY, i really cannot see any logic for buying for it is a total mess and the end result could be anything