Lloyds

dl.dropboxusercontent.com/u/7238706/LLOYDS%20GRP..png

Looks like this is topping-out: all fib targets met; divergence on RSI; stoch/RSI on the wane.

Possible short to the area marked? Supports at 43.36 and 39.25. Then head north yet again.....

getting close to to that target ....

WaveSurfer wrote: 77/81p

on a w1-3 relationship = ~55x.618 = 35pips
w5 = 35+46 = 81p

rgds WS

Getting really close now WaveSurfer, will be interesting to see where the fibs fit once we have found the top but the Black Horse wants to keep going for sure, so top of Wave 5 target 77/81 would need some really bad news to drive it down to much. First target must be the big gap up from this morning 68.47 oh and can somebody confirm that please as advfn has 71.26 as the low but iii has 66.51 for today and I cant see that.

Tight Lines

SRB

hi sirrichard
yep its 68.47..thats the closing price of yesterday.

dl.dropboxusercontent.com/u/4899609/lloy1staug.png

intial target hit of 77p? will it get to 81p....to complete the wave structure...?

dyor

WaveSurfer wrote: getting close to to that target ....

WaveSurfer wrote: 77/81p

on a w1-3 relationship = ~55x.618 = 35pips
w5 = 35+46 = 81p

rgds WS

Hope you get 5 mins to put a chart up WS and would also like to know that if 77/81 was the top then what can we expect with any retrace, will it be a 3 or 5 wave down.

Tight Lines

SRB