Fred 1 n
take heart,your comment was a very reasonable one.
ref chart on post 927. seems MRSI may be using fibs. i.e. fibonacci retracements. the blue line would appear to be a fibo retracement, depending on ones data accuracy, but as near as makes no difference,
the red line may or may not show last fridays daily "gap" down,( i.e. the difference between thursdays low and fridays high = gap) the fact is that it is at the very same exact level. gaps can often be traded, depending upon ones viewpoint.
MRSI is in my opinion reckoning that the oversold indicators are going to move price back up to "close" this gap.
in the mean time, a short term intraday trade may be considered to be low risk based upon the the indicators with a stop loss just below that fibbo line depending upon ones risk /reward criteria
why he seems unable to tell or inform everyone of his reasons although he says he does, is beyond me.
as always just my opinion and as always please dyor
regards
jkd

jkd

you must be as "STUPID as "Fred" then

You are forgetting the thing .......at the end........... (But like looking at clouds, some see rain and others see crops growing.)

And most likely you are both living in - Cloud Cuckoo Land -

Masterwhen you walk through a door of your small counsel flatdoes your keffiyeh hit the sides of the frame?far be it for me to suggest you have a big head but if the rope fits

Tabby and JKD, I am beginning to see why RSI. has problems.

I use the "charts" and believe me they often tell me what has happened, sometimes indicating what might happen. But blind belief in them, an indicator or fundamentals will foretell the future, is for others not me.

Good luck to all who sail with him!

But, if he is so talented, why doesn't he concentrate on using his talent than seemingly wanting to convert others to his faith.

Tabby and JKD, I am beginning to see why RSI. has problems.

I use the "charts" and believe me they often tell me what has happen, sometimes indicating what might happen. But blind belief in them, an indicator or fundamentals will foretell the future, is for others not me.

Good luck to all who sale with him!

But if he is so talented, why doesn't he concentrate on using his talent than seemingly wanting to convert others to his faith.

and now for prayers........

بُنِيَ الْإِسْلَامُ عَلَى خَمْسٍ: شَهَادَةِ أَنْ لَا إِلهَ إِلَّا اللهُ وَأَنَّ مُحَمَّدًا رَسُولُ اللهِ، وَإِقَامِ الصَّلَاةِ، وَإِيتَاءِ الزَّكَاةِ، وَصَوْمِ رَمَضَانَ، وَحَجِّ الْبَيْت

Fred1new

re - problems

We all now who has problems, you just posted twice, loosing your memory, take care is signs of " Alzheimer's disease "

re - But if he is so talented, why doesn't he concentrate on using his talent than seemingly wanting to convert others to his faith.

I have NO faith to profess
So do not put words on others posters mouth

RSI,

Have a nice day!

MRSI
maybe i am STUPID,
i been reading charts for a long time, please doent try to teach me how to read.
caveat,
never too old to learn. i am learning all the time.
regards
jkd

jkd

keep reading and learning, you are not alone I am too learning all the time, that is just part of live and certainly do not be affraid of that, otherwise it will be signs of going downhill, like LLOY last week, and the FTSE and hundred more shares.

BUT one could read and read charts and do it the wrong way, just take care of not doing it this way

Fibonacci on the chart, not that one but maybe on another one

Masteryou might believe you are a Fibonaccibut the first three letters are more like the real youand charts tell you what has happenednot what is going to happenjust the same as form

Re - you might believe you are a Fibonacci

I am not a Fibonacci ..........


But maybe you are a pinocchio .............

By the way, just realised I was right yesterday...........

The FTSE and LLOY will be UP today

regards some of you loosers.

Masteryou had slightly better than 50-50 chancetake a bowuntil I see you sailing up the Thames on the Lady Mouradrinking A bottle of Perrier Jouet's Belle Epoquearm in arm with Ray HananiaI will not be impressed.

And I dont very often loseoff to the West Wing for my first drink of the dayhows the neighbours?

Banks moving up in US on earnings predictions. Pretty obvious earnings will go through the roof with base rates where they are.

From the BBC.........

Banks 'show first recovery signs'

Confidence among banks is growing for the first time since June 2007

Financial firms may be recovering, with business volumes growing for the first time in two years, a survey has shown.

Business increased in three months to early September, said 7% of those surveyed by PricewaterhouseCoopers and business organisation the CBI.

But building societies returned to feeling "downbeat" and business levels were weak in other areas, suggesting the recovery still has a way to go.

"Future demand is still a major concern," said the researchers.

'Upswing'

On balance, 36% of financial services firms are more optimistic about the general business situation than in June.


Signs of stabilisation in the housing market... have provided some cause for 'cautious cheer'

CBI/PwC report
"For the first time since June 2007, banks are experiencing an upswing in confidence," said Andrew Gray, head of financial services consulting at PricewaterhouseCoopers.

"Confidence is, in part, offset by concerns of further impairments and the impact of 'tougher' regulation."

The UK's five largest banks recently accepted curbs on bonuses agreed by G20 leaders at the recent Pittsburgh summit, and stronger rules on overall banking are likely to follow.

Building societies

Building societies were feeling downbeat about their prospects, partly because of difficulties with funding.

The survey found that profitability at building societies was "broadly flat" over the three months, with a resumption of declines expected in the current quarter.

"Signs of stabilisation in the housing market, however, have provided some cause for 'cautious cheer'," the report said.

But it added that almost all societies were cutting operating costs and staff.
http://news.bbc.co.uk/1/hi/business/8289407.stm

CITY minister Lord Myners has taken charge of the Treasurys negotiations with Lloyds Banking Group,
raising hopes the lender will soon be able to reduce its reliance on the states toxic debt insurance scheme.

It is thought Lord Myners is willing to let Lloyds scale back its use of the costly Asset Protection Scheme (APS).

looks like todays announcements from the FSA on capital requirements arent too bad - banks will have to hold (a lot) more govt bonds. Its lucky we have a government needing to sell bucketloads of the things in the near future !!!

looks like some yield compression likely, as banks shift capital from structured instruments to govts; but I'm sure they'll make it back by charging us more for credit. Also looks likely that competition for deposits will pick up, so we might get a few bps more on savings accounts....

well posters i have been informed that lloys will doubl;e by xmas.