Barclays - any thoughts

unless this finishes with a long legged doji..
Thats what is needed for barc to show some strength. If this area holds then barc still has a chance to move back up...all depends on how it finishes the day

This bounced on the first attempt but has since gone through so now this can really drop . To risky to go long on this .


dl.dropboxusercontent.com/u/4899609/barc12thmarch2014.png

screencast.com/t/PEEFxg0Mb

230p could this be the bottom for a small bounce?

Lol! That should have read big pic view!

Thanks WS,

I note with some concern that your Feb 2012 high is at 259 whereas mine is 240. The fact that this level has been broken (the Feb 2012 high) means that the current sideways move is unlikely to be a wave 4 which was part of my thinking. It could always be a leading diagonal I suppose, and there's still the gap trade to consider but I'll be a little more cautious if that high was 259.

I'll check with some other charts.

PS I'll try and post a bog pic view on TLW later - could be an enormous H&S in play with neckline at 414-ish...

Nice jacko,

234/240 seems a good target to go long with stop below or a break n hold abv 259 level.

a break below 234 > 220 would signal danger.

dl.dropboxusercontent.com/u/40497882/Bar...20%28DFB%29Daily.png



All imho

WS