I shan't be worrying about charts tomorrow - after a likely biggish fall in the morning (DB driven) we then have the UK Services PMI data released at 9.30 which could turn things better for Lloyds...or make it a lot worse! Let's see. ATB, Scfc
What? Maltaproperty mentioned 49p not 46p but the DB fears tonight will unfortunately spread to Lloyds even though the 2 businesses are very different. I assume you now accept my point on the relevance/nature of charts on such days...
JH, you really don't get it - BIG issue on DB happened about 1.5 hours ago and as a result Lloyds is now c4% down, BCS similar - no chart would have ever predicted that. That's my point. On non-event days they are of use, agreed. You were happily talking about your charts and wondering what would happen in the morning when the DB hedge fund issue had totally trumped any chart and analysis! This is the way the market works...
"I've said a few times, charts are irrelevant when big events happen - like the hedge funds revelations on DB. All banking shares are in for a hammering tomorrow, charts are useless in such scenarios! ATB, Scfc"
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