Barclays PLC Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.6111074 http://img201.imageshack.us/img201/3192/angeloflight.png By BarCap ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6111074&action=detail Mon, 22 Mar 2010 10:48:00 GMT BarCap tag:iii.co.uk,2003:tst.6110976
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I will take that in the literal sense .......

Thankyou for the "flowers"......red roses I see?

http://fc02.deviantart.net/fs41/i/2009/051/d/1/___The_Last_Angel____by_MorbidiaMorthel.jpg

AOL By Angel of Light ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110976&action=detail Mon, 22 Mar 2010 10:34:00 GMT Angel of Light tag:iii.co.uk,2003:tst.6110944 http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110944&action=detail Mon, 22 Mar 2010 10:27:00 GMT Deepcut tag:iii.co.uk,2003:tst.6110928
Try this....

http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns

.....and then click on the price channel title....

AOL



By Angel of Light ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110928&action=detail Mon, 22 Mar 2010 10:25:00 GMT Angel of Light tag:iii.co.uk,2003:tst.6110892 =====================================================

Do not really know the fundamentals re this stock,,,but....I always remember the words of an old friend re holding on results day??

Yes.....Bianca's "bottom" 20 day channel my provide support as the day moves on re any volatility ahead of the results tomorrow around the 79/80p area

Top of 50 day channel looks like where the possible resistance will lie on any further upwards move...ie if results please then this maybe broken and a bullish move upwards will ensue?

http://www.biancatrends.com/LGEN.php

Lets take a look at the charts to see if any "patterns" are developing....

Hmmm....looks like a price channel?.....

http://www.advfn.com/p.php?pid=chartscreenshotshow&cb=1269256655&u=JdIcsT2VbaVaZjx7b3TE7AdCXX0b4zQ7yWNIuBXYcus%3D&symbol=L%5ELGEN

Heres the nuance, and I will leave you to draw your own conclusions but the price action leading into the results seems to be intimating something?

....."A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support. Price channels with negative slopes (down) are considered bearish and those with positive slopes (up) bullish. For explanatory purposes, a "bullish price channel" will refer to a channel with positive slope and a "bearish price channel" to a channel with negative slope"....

Click in the link to see the example charts.....

http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patternsrice_channel_contin

Observations from my own chart show that MACD is turning down, albeit parabola still positive....

IMVHO my old friends addage rings true on this one, as we have hit the top of the main trendline and found resistance yet again, lets hope the results are good, but with any good news if we do rechallenge the upper trendline I feel any rise above (breakout) will be short lived and could meet resistance at the top of Bianca's 50 day channel, plus the 10 and 20 days at 85/86.....then the next move could be down as we move below that price channel upper trendline...and continue the trend?

Just my thoughts, but IMVHO caution should be exhibited on any buying ahead of these results......but of course I could be 100% wrong!!

Good Luck

Angelicus Illuminati Barcapicus





By Angel of Light ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110892&action=detail Mon, 22 Mar 2010 10:20:00 GMT Angel of Light tag:iii.co.uk,2003:tst.6110856 ')" target="_new" rel="nofollow">http://www.smh.com.au/business/world-business/obama-paying-more-than-buffett-as-bonds-show-us-losing-aaa-20100322-qocs.html

Obama paying more than Buffett as bonds show US losing AAA March 22, 2010 - 7:16AM

The bond market is saying that it's safer to lend to Warren Buffett than Barack Obama.

Two-year notes sold by the billionaire's Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg. Procter & Gamble Co., Johnson & Johnson and Lowe's Cos. debt also traded at lower yields in recent weeks, a situation former Lehman Brothers Holdings Inc. chief fixed-income strategist Jack Malvey calls an "exceedingly rare" event in the history of the bond market.

The $US2.59 trillion of Treasury Department sales since the start of 2009 have created a glut as the budget deficit swelled to a post-World War II-record 10 percent of the economy and raised concerns whether the US deserves its AAA credit rating. The increased borrowing may also undermine the first-quarter rally in Treasuries as the economy improves.

"It's a slap upside the head of the government," said Mitchell Stapley, the chief fixed-income officer in Grand Rapids, Michigan, at Fifth Third Asset Management, which oversees $US22 billion. "It could be the moment where hopefully you realize that risk is beginning to creep into your credit profile and the costs associated with that can be pretty scary."

Moody's Warning

While Treasuries backed by the full faith and credit of the government typically yield less than corporate debt, the relationship has flipped as Moody's Investors Service predicts the US will spend more on debt service as a percentage of revenue this year than any other top-rated country except the UK America will use about 7 per cent of taxes for debt payments in 2010 and almost 11 per cent in 2013, moving "substantially" closer to losing its AAA rating, Moody's said last week.

"Those economies have been caught in a crisis while they are highly leveraged," said Pierre Cailleteau, the managing director of sovereign risk at Moody's in London. "They have to make the required adjustment to stabilize markets without choking off growth."

Obama's unprecedented spending and the Federal Reserve's emergency measures to fix the financial system are boosting the economy and cutting the risk of corporate failures. Standard & Poor's said the default rate will drop to 5 percent by year-end from 10.4 per cent in February.

Relative Returns

Bonds sold by companies have returned 3.24 per cent this year, including reinvested interest, compared with a 1.55 per cent gain for Treasuries, Bank of America Merrill Lynch index data show. Returns exceeded government debt by a record 23 percentage points in 2009.

Berkshire Hathaway's 1.4 per cent notes due February 2012 yielded 0.89 per cent on March 18, 3.5 basis points, or 0.035 percentage point, less than Treasuries, composite prices compiled by Bloomberg show. The Omaha, Nebraska-based company, which is rated Aa2 by Moody's and AA+ by S&P, has about $US157 billion of cash and equivalents and about $US52 billion of debt.

P&G, the world's largest consumer-products maker, saw the yield on its 1.375 per cent notes due August 2012 fall to 1.12 per cent on March 18, 6 basis points below government debt. The Cincinnati-based company, rated Aa3 by Moody's and AA- by S&P, makes everything from Tide detergent to Swiffer dusters.

Corporate 'Scarcity'

New Brunswick, New Jersey-based Johnson & Johnson's 5.15 per cent securities due August 2012 yielded 1.11 per cent on Feb. 17, 3 basis points less than Treasuries, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. The world's largest health products company is rated AAA by S&P and Moody's.

Yields on bonds of home-improvement retailer Lowe's in Mooresville, North Carolina, drugmaker Abbott Laboratories of Abbott Park, Illinois By Captain Prozac ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110856&action=detail Mon, 22 Mar 2010 10:14:00 GMT Captain Prozac tag:iii.co.uk,2003:tst.6110635 http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110635&action=detail Mon, 22 Mar 2010 09:44:00 GMT GatorHex tag:iii.co.uk,2003:tst.6110574 http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110574&action=detail Mon, 22 Mar 2010 09:36:00 GMT Deepcut tag:iii.co.uk,2003:tst.6110534 ------------------------------------------------

I second that !! By Deepcut ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110534&action=detail Mon, 22 Mar 2010 09:31:00 GMT Deepcut tag:iii.co.uk,2003:tst.6110413 http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110413&action=detail Mon, 22 Mar 2010 09:14:00 GMT theblue tag:iii.co.uk,2003:tst.6110341
Rather quiet on here this morning?

With Dow futures currently down over 60, thought this Reuters update maybe useful re leading into the US open this PM....

http://uk.reuters.com/article/idUKLDE62L07C20100322

Plus heres the UK market update.....

....."LONDON, March 22 (Reuters) - Britain's top share index fell 0.6 percent in early trade on Monday, tracking losses overnight in Asia overnight and in the U.S. on Friday, led by weaker commodities and banks hampered by fears over global growth.

By 0915 GMT, the FTSE 100 .FTSE was down 34.22 points at 5,615.90, having closed at its highest level since June 25 2008 on Friday.

Asian stock markets clipped recent gains as an unexpected interest rate hike in India spurred fresh fears that withdrawals of economic stimulus could curtail global growth.

The India move affected the demand outlook for commodities, with metal and oil prices retreating from recent gains, while the U.S. dollar -- seen as a safe haven in uncertain times -- strengthened".....

...and in full.....

http://uk.reuters.com/article/idUKLDE62L0BX20100322

Heres the economic data due out today....

http://www.fxstreet.com/fundamental/economic-calendar/

A close above that 360 previous double top pivot looks unlikely over the next few days....

Currently seeing support at the bottom of Bianca's 10 and 20 day channels?....

http://www.biancatrends.com/BARC.php

Heres the current trend re the 15 minute chart....

http://www.advfn.com/p.php?pid=chartscreenshotshow&cb=1269251309&u=2bljxQQvN3V05X+h5Xt36GdFkN6XA1DSFYR8OY+xRa0=&symbol=L%5EBARC

Short term resistance around the 200 SMA at circa 355.5 which today marks the first time we have seen a 15 minute candle below this since early March...

IMVHO we maybe rangebound until the US opens re support around 353, and resistance 355.5/356.....

Heres the 60 minute chart showing todays trend.....MACD started to turn down

http://www.advfn.com/p.php?pid=chartscreenshotshow&cb=1269251309&u=90rTy9Amo1kpq6HqvInigmPM6ETgNL0+LJV2Unm1T5Q=&symbol=L%5EBARC

50 SMA resistance sits at 355.5, if we see the next hourly candle sitting below this, then this has not happened on the 60 minute chart since 1/2nd March....

If I had to call it.....(and I have been known to be 100% wrong) we may have already seen todays peak and the SP will not surpass 356 from now onwards for today.....

IMVHO we are currently at a hiatus re the overall trend....and as to which direction we will take, ie do we break above that 360 long term pivot and if so move upwards to 400, or do we fail and break below the bottom of the support currently provided by Bianca's 20/10 channels at circa 353....which if we do....next stop around the 326 area IMVHO.....heres my previous analysis for reference.....

http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ABARC.L&threshold=0&it=le&action=detail&id=6099158

Well.....as I finish (been putting this post together over 30 mins) its now just gone 10 am and heres the 60 min chart...

http://www.advfn.com/p.php?pid=chartscreenshotshow&cb=1269252092&u=4o/XnIJM5Ddc8xogva+wXCYLCnUdbHzw0ozi6pjTFo4=&symbol=L%5EBARC

IMVHO this 50 day SMA will now turn resistance at circa 355.5 and we now have seen this first hourly candle below this since 1st March.....we could be on the verge of a downward trend with Dow futures now down -63, and the SP currently "toying" with that 353 support of Bianca's....lets see how the day unfolds with all eyes on the US open this afternoon...

AOL




By Angel of Light ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110341&action=detail Mon, 22 Mar 2010 09:05:00 GMT Angel of Light tag:iii.co.uk,2003:tst.6110264
Greece appears not to want cash only the support to secure finance at reasonable rates.

There is also some growing feeling in Germany that weak economies should be forced to leave the Euro-zone rather than be supported.

March 25th and 26th (EU summit) will show the markets what Germany is prepared to put on the table. By stutes ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110264&action=detail Mon, 22 Mar 2010 08:54:00 GMT stutes tag:iii.co.uk,2003:tst.6110199
The US AAA Status is the worry that will drive the world markets down/subdue the world markets, together with our own budget in the next couple of days we may see a decent drop for re - entry. Look for re - entry @ 20MA or just below!

Of course that's all imvho, then its onwards and upwards to 450.00! By theblue ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6110199&action=detail Mon, 22 Mar 2010 08:45:00 GMT theblue tag:iii.co.uk,2003:tst.6109650 Royal Bank of Scotland is on the offensive to prove that the £12bn fall in 2009 was due to a lack of demand, rather than an unwillingness to supply companies with credit
http://link.ft.com/r/TWK799/RN16J9/YB9AN/TP8A9N/ZBGDU3/VU/h
By sorass ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6109650&action=detail Mon, 22 Mar 2010 07:07:00 GMT sorass tag:iii.co.uk,2003:tst.6109635 If so, and mindful of the recent rally, I guess there will be a lot of shares sold by 4th April!
Kind regards
Freddie
ps I am not ramping down, far from it, I bought a lot of Barclays on Friday.
Just, in hindsight, feeling a 'tad' nervous By fredd1eboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:BARC.L&display=discussion&id=6109635&action=detail Mon, 22 Mar 2010 07:05:00 GMT fredd1eboy