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Support and Resistance
Updated: Views / Replies:7,055 / 13
Created: by tony2009 Attachments:0

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Support and Resistance

  #11 (permalink)
Elite Member
Toronto
 
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Silvester17 View Post
sorry, but like many of these ratings, this one is a complete joke.

I know of more than 20 swiss banks with a government guarantee. can it get any better (I mean safer)? none of them is in the top 50. lol

Perhaps some Swiss banks may be safer than some of the ones found on that list, but it doesn't necessarily disqualify the _relative_ rankings of the banks that are there. In other words, I think it's still fair to say that Canadian banks as a whole are safer than most of their US counterparts, which is was what I was trying to get at. Besides, every Canadian bank also has an implicit government guarantee - they would never allow any of the big 5 banks to fail for any reason.

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  #12 (permalink)
Market Wizard
Columbus, OH
 
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FBJS View Post
Perhaps some Swiss banks may be safer than some of the ones found on that list, but it doesn't necessarily disqualify the _relative_ rankings of the banks that are there. In other words, I think it's still fair to say that Canadian banks as a whole are safer than most of their US counterparts, which is was what I was trying to get at. Besides, every Canadian bank also has an implicit government guarantee - they would never allow any of the big 5 banks to fail for any reason.

btw many countries have a government guarantee for deposits now. but then not every country is rated the same.

ps I don't care if you call me nuts. anyway should get back on topic.

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  #13 (permalink)
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Silvester17 View Post
btw many countries have a government guarantee for deposits now. but then not every country is rated the same.

ps I don't care if you call me nuts. anyway should get back on topic.

Agreed!

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  #14 (permalink)
Trading Apprentice
Washington D.C.
 
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It works because it works.
Given things stayed the same. These levels will be broken when the status que changes.
If your stock has been bouncing its head at an hourly resistance levels for 3 days and the market moves up sharply today, your stock has a higher chance penetrating that level.

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