Member Info for Maximillian

Potential bull blag, target would be top of rhs blue arrow IF it plays out. If the Financials or Indices turn that will dictate the direction and momentum but as long as no major cack hits the fan tomorrow I 'd have said up towards restored value from the recent drop. Room to go up on the Stoch and RSI though it does look like bearish divergence on the MACD for the last few days which TA wise doesn't bode well for a rise. http://www.screencast.com/t/0s6lIb1Ku4 That would take it pretty much back to where it was and I would guess the event will be forgotten quickly. Unless theres a further pumping of the markets by the Fed or ECB I think the financials rally is about of steam. According to zerohedge yesterday was the lowest trading volume in 10 years. The bots are still bidding the price up it seems. PS Howdy Alexios, hope you're well.

What's most farcical is thinking a debt or insolvency problem can be solved by adding further debt, the maths are basic. The resulting increasing debt as the debt interest repayments grow will only be ultimately resolved by either being written off ( sovereign and bank defaults ) or decades of taxing to the hilt and austerity with strangled growth. The markets want to know their money is safe and are demanding backing, politicians only follow, there will be no printing of Eurobonds until the market demands it by crashing, the options are shrinking, everything so far has been talk of what will be done when Spain for example asks for a bailout, wait until that bailout has to be actually financed and see what happens. Anyway, I'm a TA-er so really I should just be ignoring all this but right now the charts don't say buy either for any of the FTSE stocks I monitor unfortunately

Er sure, whatever you say Guv

Farce, crisis, Euro breakup, Sovereign default, terminology's not important.

http://uk.reuters.com/article/2012/08/11/uk-standardchartered-iran-settlement-idUKBRE87916Z20120811 Highlights division Stateside that caused this jumping the gun by Lawsky. Can't see this holding the bank back too long. If I was an investor I'd have kept hold of mine but I'm still to fearful of the European crisis destroying my pension fund so I'm only hit and running, GL All.

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I got stopped out today at 1146 so no longer holding. Iif the outcome of these negotiations is good could be game on. Gl All http://uk.reuters.com/article/2012/08/10/uk-standardchartered-iran-settlement-idUKBRE87916Z20120810

Adios amigos & GL.

http://www.guardian.co.uk/business/2012/aug/08/standard-chartered-chief-defends-bank

Forgot to post the link http://uk.reuters.com/article/2012/08/07/uk-standardchartered-iran-idUKBRE8750VR20120807

something along these lines transpired. Lawsky was investigating away as he had been for a couple of years when suddenly he came upon the email from one of the banks then directors in 2006 "You f---ing Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians." Well that just about did it for ole Lawsky, nobody but nobody was going to diss the U S of god-dam A. So it wasn't 250bn but 14 million and was under discussion anyway, makes you wonder about the timing, who knows whats going on in the dirty war eh? Still there is the possibility they do actually suspend their banking licence but I doubt it considering that 4 other banks have already been fined "Barclays Plc, Lloyds Banking Group Plc, Credit Suisse and ING Bank NV have agreed to fines and settlements totalling $1.8 billion, while regulatory filings show that HSBC Holdings Plc is under investigation." Then there's always the matter of cutting of your nose to spite your face, doing everything possible above and below board to prop up the banks and financial sector whilst suspending STAN's licence and send a massive shock wave through the sector?

Agreed, could be further carnage when US opens but over the next couple of days I expect it to settle down after the funds have played it. Obviously a complete punt as things stand as no-one can say where it's going short term.

Bit of a gamble but I'm guessing there won't be any suspension as the worlds banks are unstable enough without adding to the melee. I would imagine that as with libor fiasco, more banks will ultimately be involved and suspensions of banks would cause massive market turmoil which the powers that be can do without unless of course they have more significant financial interests that would benefit from the wounding of STAN. GL all

sorry, same post , charts in correct order http://www.marketwatch.com/video/asset/europes-week-ahead-burberry-carrefour-reports-2011-10-07/4AD0FEEF-E611-4440-A1F2-6259A4C42B2E#!4AD0FEEF-E611-4440-A1F2-6259A4C42B2E Seem to expect strong growth? Will post TA after results to see the effect, at the minute the price seems to have closed just above this horizontal support ( 3 bands define approx range ) with the next resistance being where i extended the channel 2 line in blue as it becomes the next significant resistance at between 1325-1348 were it to hit it this week which I imagine it will if results are good. http://imageshack.us/photo/my-images/42/brby20111009resultsanno.jpg/ MACD, Stoch and RSI are also all heading upward. http://imageshack.us/photo/my-images/442/brby20111009resultsanno.jpg/ Lets see how it goes... I'm not in, not until the Sovereign debt fiasco is resolved but this is a stock that hopefully will be insulated reasonably well against Europena problems as long as those do not in turn significantly affect China. I'll leave the fundamentals to mulledwine who's doing a sterling job. GL

http://www.marketwatch.com/video/asset/europes-week-ahead-burberry-carrefour-reports-2011-10-07/4AD0FEEF-E611-4440-A1F2-6259A4C42B2E#!4AD0FEEF-E611-4440-A1F2-6259A4C42B2E Seem to expect strong growth? Will post TA after results to see the effect, at the minute the price seems to have closed just above this horizontal support ( 3 bands define approx range ) with the next resistance being where i extended the channel 2 line in blue as it becomes the next significant resistance at between 1325-1348 were it to hit it this week which I imagine it will if results are good. http://imageshack.us/photo/my-images/442/brby20111009resultsanno.jpg/ MACD, Stoch and RSI are also all heading upward. http://imageshack.us/photo/my-images/42/brby20111009resultsanno.jpg/ Lets see how it goes... I'm not in, not until the Sovereign debt fiasco is resolved but this is a stock that hopefully will be insulated reasonably well against Europena problems as long as those do not in turn significantly affect China. I'll leave the fundamentals to mulledwine who's doing a sterling job. GL

The low point of line A when I first drew this chart was on the 22nd. Since coming back to it the 9th's candlestick tail has grown down so I'm not sure if that's just the chart software or that is the true low. If it was then line B would be slightly longer and although the pattern still plays out the target buy in price would have been slightly lower, which is why it would be good to tranche in at just above target, at target and just below target price, to allow for chart inaccuracies.

To brighten up the day.. Played out beautifully with this bear flag, even during that period of high voltaility. I've had this chart drawn for weeks and have watched the SP trend in the flag then breakout downwards to nearly exactly the projected target. before rebounding. The lines of interest are only the blue lines A and B and Support and resistance channel lines C1 and C2. I drew C2 on 12th September when I had 2 points for support and copied the line above to C1 so it is exactly parallel to C2. Notice how when it peaked on the 21st September the price bounced of that resistance line which had already been drawn in 2 weeks prior. The projected target of this pattern, line B, I had to move to its current position once the breakout occurred as it measures from the highpoint prior to the breakout to the projected target price. I'm still out of everything as I'm waiting for the current volatility to end but on the 4th I actually got a price quote at 16:25 and considered buying but decided not to as my current strategy of staying in cash is decided until the Sovereign default issue plays out. Just shows though, it's worth keeping an eye on TA for this share, at least on this occasion it would have produced a winning bet on the swing or given a good buy in target if you were investing. I have only started TA for BRBY recently as I like it because of the China markets which I would hope not suffer so badly with a European crisis as they still are booming and have a huge growing population who like to buy Western luxury goods. Worth keeping note though that BRBY did also suffer in the recent volatility so is probably susceptible in the short term if the Indices tank. http://imageshack.us/photo/my-images/412/brby20111007bearflag1.jpg/

Oh well. looks like I picked the wrong time to enter after waiting all that time. I hope this stops at the horizontal support lines on the chart I posted the other day although it looks like TA is currently out the window. I had hoped BRBY would be a bit more immune from volatility, seems not. Anyone know of fundamental issues beyond the fact that virtually everything's tanking today such as Chinese slowdown as I was under the impression it was Chinese demand for BRBY that was driving sales. I don't do fundamentals much so any knowledge appreciated.

GL

The 2 of concern are the ones that intersect at today's low.