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FTSE +25

DAX +10

DOW -6

S&P -0.2

Nasdaq +1

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US stocks were initially held back by the terror alert before once again surging ahead with the Dow finishing up 50 points A large 6.5 Earthquake in California (even bigger than the Dudley one) has caused fatalities and damage. RMC has sold 20% of its Australian cement unit at a near 10 percent discount to the price in a running takeover bid as it tries to cut debt. Northern Foods which makes own-label meals for retailers like Marks & Spencer Group said it had agreed to sell Irish operations for 95 million euros as it continues to refocus on the fastest growing sectors of the UK food market.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT
Excel Industries (F) Clipper Ventures (Trading Update) Dowding & Mills (Trading Update) 09.30 Q3Revised GDP q/q 0.7% exp. 09.30 Index of Distribution 3m/3m 09.30 Current Account (Balance of Payments) -7.0bn exp.	13.30 Q3Final GDP 8.2% exp. 13.30 Q3Personal Consumption 6.4% exp. 13.30 Nov Personal Income 0.4% 13.30 Nov Personal Spending 0.7% exp. 14.50 Dec Final Michigan Sentiment 90.6 exp.	09.00 Oct Current Account 4.0bn Europe:

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FTSE PP

R2 4455
R1 4440
PP 4416
S1 4400
S2 4377

Mon close was above the pp and gained 6.2 pts in the auction! Yest tgt of 4445 on reagining the uptrend on the 2day chart may get hit today! 4430 sup on a gap up through this level this morning!

WIshing everyone a Happy Xmas and successful New Year!





Updated 12/22 for Tuesday's market.
Key DOW Levels for 12/23
UP Above 10,350
DN Below 10,250

Sloping Consolidation
Dow trades within channel at highs.

From prior commentary, "...look for the Dow to continue sideways within the range boundaries before any such break is seen, as further development of the consolidation will likely occur..."
The Dow traded sideways to up today, forming a sloping consolidation at the highs seen in the 15 Minute Charts. The tight upward sloping consolidation formed within the channel seen in the 60 minute chart, ended with a little over a 59 point gain for the index.

The fact that the Dow is continuing to hold onto the highs within the channel hints at further upside movement in the medium term. An upside break through the upper consolidation boundary at 10,350 will lead to a further move higher in the medium term.

A downside break at the lower boundary at 10,250 will indicate weakness and a likely retracement for Tuesday's market. The Dow is likely to continue sideways within the sloping range before any such break is seen, as this is a holiday week with shortened trading days on 12/24 and 12/26.

Short Term Dow

Short term, the Dow has formed a clear trend line across the lows at 10,315, seen in the 5 Minute Chart. Look for the index to hold above this level for Tuesday.

Medium Term Dow

In the medium term, we are still Long the Dow from 10,190 and will move stops up to 10,250 for Monday's market. We will want to stay Long above 10,350, and will look to enter Shorts below 10,250, with 20 point stops. If the market violates our lower fulcrum line at 10,250 we expect the market to give back a fair portion of its gains, and we will want to be Short as a result.

NASDAQ & S&P

The NASDAQ and S&P each traded sideways today, gaining slightly for the session. We will watch the tight range boundaries that have formed at the highs for Tuesday's market. A break from the ranges will indicate direction Tuesday. *

Summary

The Dow slowly traded higher for the session today, forming an upward sloping consolidation at the highs within its wider channel. Look for a slow move higher tomorrow, but pay close attention to the lower boundary at 10,250 for a break to indicate a move lower.

Morning, Jingle bells ...

Good morning all. Thanks Croc & TP.

very quick gap close on ftse looks a day to stand aside imho.

Morning all - whoops had to go to close shorts in STAN & LLOY which finally dropped!

I'm in & out today as I must finally do some Christmas shopping (I hate shopping) so don't want to leave much open.

Happy Christmas & a prosperous Trading New year to everyone

mornin all

Morning all,

Just a flying visit today.
Mrs @ Miss Melnibone both down with 'coughy, fluey, buggy 'things
and I'm running around playing at Florence Nightingale.

Looks like I'll be cooking Christmas dinner this week.
Nows there's a delight that they can look forward to.;-)

Suppose I better go and watch one of those Delia cooking
programs on UK-TV.
I prefer watching Nigella myself, but the figure conscious
female Melnibones reckon she uses too many creamy things.

(Why do they think I watch it for the cooking tips?) :-))

A good day for taking TP's advice and standing aside, I think.

Melnibone.

Happy Christmas and a profitable NEW YEAR ALL Douggie :-)) :o

Been watching IOT - lots & lots of "little" AT trades - quite unual!

Hi all,
Happy Christmas and good health to all for New Year,
rgds aj

Folks - take a look at IOT trades!

I thought something was happening:- (With help from the traders room)

 
NHS Awards Accenture 1099 Million Contract to Help Improve Healthcare

Accenture to Design, Build and Manage Information Systems that Support Patient-Centric Healthcare

LONDON;Dec. 8, 2003 Accenture announced today that it has been awarded a 1099 million, 10-year contract to help the National Health Service (NHS) improve healthcare for patients in North East England, including Yorkshire and Humberside.

Under the agreement with the Department of Health, Accenture will lead a team that includes BT, Microsoft and (IOT) iSOFT  as well as a number of other technology companies. This team will design, build and manage key information systems to support patient care and services in local communities in the North East. A new NHS Care Records Service will be the core of the systems platform.

Wishing you all

A

HAPPY CHRISTMAS

And

NEW YEAR

 

Have a GOOD ONE.

 

from

Zarif

Not impressed with D4F - they are quoting really crap prices!

Little Woman. Saw your post in Traders' Room. Wasn't quite quick enough on IOT - trying at 371 but doesn't look as if I will get any. But got a feeling it will go up after Xmas when people read the newspapers. Another one missed.

It may be still worth getting some if you can, still seems to be going up: -

Yes, but at 378? I think I'll wait to see if it drops on profit-taking later today. You did well to pick up on the trades before the price shot up. It's not one I watch.

I don't think its going to drop in the short term. I tried to buy a lot more, but couldn't get a decent price. So I broke the order down, into 4 smaller ones and got my price!

News now out to the world! http://moneyam.uk-wire.com/cgi-bin/articles/200312231250436094T.html

little woman - You did well to sell your ETL's some weeks ago at around 70p. Today price is 40p and I have been adding to my longs. Keeping my fingers crossed that they will recover.

Very quiet but did a little long on John Wood & Shorted Logica

Well done on getting in on IOT LW, I looked at doing so last week but decided against - oops!!! Can't win them all!

Wishing all a merry xmas and a profitable 2004. (I know its supposed to be prosperous)

Steve

I'm have a better than average day - still not made it out yet! Bought FTSE-100 3 times now at 4415. Sold 3 times at 4420. It would be nice if D4F would actually action limit orders!

Better disappear before I do something silly!

LW :-)
Thanks for all your support in the Investors room Traders thread.
Happy Xmas
D.

Thanks Croc.

Thanks too to everyone who regulary posts on this thread too - without you all I would have given up long ago!

Yes LT
Many thanks to all on the thread, merry xmas and a prosperous new year.

23 Dec 2003 18:31 BS DJ US/Bahrain -3: Threat In Kenya, Yemen, Saudi Arabia -CNN




The U.S. government has received intelligence reports that al-Qaida is planning attacks against U.S. interests in Saudi Arabia, Bahrain, Yemen and Kenya, Cable News Network reported Tuesday, citing a senior State Department official. The official said the intelligence spells out a general threat of attack against U.S. interests in those countries, but doesn't mention a specific target, CNN reported.


(END) Dow Jones Newswires

December 23, 2003 12:31 ET (17:31 GMT)