Member Info for Just_My_Opinions

I was reading that thinking UT's hit the nail on the head too, it was being hammered in again and again... almost flush with the plank of wood... then the Gove bomb got dropped haha

He's a weasel mate, his smug little weasel like face tells it all... he doesn't even need to open his trap. But when he does he leaves you in no doubt. He stabbed Boris Johnson in the back, I don't like BOJO either... but at least he's a weasel with a personality. Gove is just a weasel... he was also at some dinner a few weeks back disgussing how the UK could be in the EEA and keep Freedom of Movement.

The only Tory MP I've seen with consistent principle on Brexit is Jacob Rees Mogg. I think there's more but he's the one on the tv/radio... but the party as a whole is full of Remainers that can't be trusted.

https://stockcharts.com/articles/mailbag/2015/02/what-is-an-island-reversal-cmg-rtn.html

There's two gaps in trading. One gap down from 333p, meaning there's a good chance there's some short positions held. And one gap up from 308.70p so looks like it might range trade for a while. No idea what direction it's going to go in, but it will "probably" head to close one of those gaps, and what ever one it closes the other one probably follow not long after it, holding it in a range.

But if I'm wrong, and it continues lower than 308.70p then the bearish Island reversal is confirmed and would be a stronger bearish outlook.

Anyway this is not mean to predict, this will be what technical traders are looking at. I remain short from 338.21p for now.

Read the explanations in order 1 to 3

https://www.tradingview.com/x/0ujxOjoA/

JamesRoo,

Now you really do look silly. Ending Austerity is not Marxist. For a start I haven't seen her end any of her cuts... talked about it, promised it. Done it yet, nope.

And to compare Le Pen & Salvini to Marxist is about as stupid as it gets. They're both nationalists.

"More likely she is just trying to gain votes from the people that are the engine of Britain.Some chance."

I agree with that, she's a weak Prime Minister with very stupid Advisers that she clearly listens too. She's saw that Corbyn is bookies favourite to be the next PM, she knows there could be a general election potentially so now she's lying again to the electorate in order to get voted for.

She also did a cringe worth Eid Televised broadcast a recently... she knows 85% of Muslims vote for Labour, and that there are more Muslims in the UK than the official statistics say. She visits Mosques regularly so she can be pictured in a head scarf too haha.

She's like a bad smell that won't go away no matter how much air-freshener is used... it will be the Tories downfall if they don't get rid of her.

Great guy Matteo Salvini. 9ne of the rare EU leaders who wants to keep Italy for Italians. Unlike our waste of spaces Treason May and Islamic Corbyn who want to turn the United Kingdom in the the Global United Nations

Cheap can always get cheaper. I'm in 100% cash on the main accounts. But spread betting for fun, got a short running on Glencore from 338.21p

It dropped to 321.10p briefly. Might not show on the free charts.

I think we're looking at lower now mate (just a guess) based on it breaching previous support of 322p

Anyway, off on the school run

With that said I just looked at the FTSE, DAX, CAC40 & FTSE MIB... all down more again, so possibility of further weakness.

333p gap down has been stopping it dropping further, buyers and sellers are starting to even out. So hopefully it bounces for you. I'll hold my short till the 8/34 dema crosses again on the two hour and reverse to long if it does.

or was it just under 327 you had gotten?

So did you take a small hit on the just under 328p entry?

North Shields, I'm too opinionated on here mate. Probably best I stay anonymous, I have my reasons :-P

And he wants 10% of LLOY's equity and income given to it's workers... probably would like to see LLOY fully nationalised too with Labours Marxist policies.

Ready for a showdown with the EUSSR

https://www.bloomberg.com/news/articles/2018-10-08/italian-bonds-drop-as-government-and-eu-set-for-deficit-showdown

fallen not falled*

China has relaxed the amount Chinese Banks need to hold in reserve in order to inject more money into the Chinese Economy. £83 Billion (in our money) is thought to be the amount going into the economy due to this. Not likely to make much of a dent. And makes their banks riskier.

They did this as foreign exchange reserve were less than expected. So Trump's trade war will put even more pressure on them. Maybe China will be the next big hit the banks take. The Yuan is also continuing to depreciate against the dollar which will make the tariffs Trump has put on China less effective and might cause him to up the anti.

Mike Pompeo is in China now, and it's kicked off with a frosty exchange.

https://www.scmp.com/economy/china-economy/article/2167356/chinas-foreign-exchange-reserves-fall-more-expected-3-trillion

https://www.channelnewsasia.com/news/asia/pompeo-visit-to-china-kicks-off-with-frosty-exchange-10803586

Also..

Chinese Service Sector is up, but employment is down and General Motors sales have falled in China due to the Chinese car market stalling. Car sales dropping are one of the good barometers for a decline in the overall economy.

Also EU markets are down due to the Italian budget worries and the possibility of Italy clashing with the EU. Given that Italian is now run by a Right Wing Conservative government, hopefully they stick two fingers up to the EU and an eventual Italexit happens.

https://www.bloomberg.com/news/articles/2018-10-08/italian-bonds-drop-as-government-and-eu-set-for-deficit-showdown

Morning NK, no rain here in the North East. Blustery but 14 degrees the car said.

70 years without a world war, tells me you're wrong Snige.