1 Day     2 Day   5 Day   UK News			Gold/Bond Pivots Markets  Futures Translate
		Day 2 Day 5 Day US News		S&P Futures
Nikkei +- Hang Seng +-  Asia News		DAX    CAC     Euro News

	Calendar:  United Kingdom		United States (GMT)		Europe & World (GMT)
Eldridge Pope (I),Fuller Smith and Turner (F), Plasmon (F), Axon (AGM), HSBC (AGM), Network Limited (AGM), Peter Hambro Mining (AGM), Prezzo (AGM), Royal and Sun Alliance (AGM), Ulster Tv (AGM), Anite (Trading) BBA April Mortgage Lending (08:30)		14.30 Personal Income 14.30 Personal Spending 14.45 Mich Sentiment-Rev.

Data Download	FTSE Intraday	Calendar	US Zone	HTML Edit	Currency Calc	Dividends	Director Dealings	Broker Upgrades / Tips
www.SnappyTrader.com			Pre Market Futures	FTSE +-	DAX+-	DOW+-	S&P+-	Nasdaq+-

US wrap
The market opened higher and despite an intra-day lull closed within a short reach of its best levels of the morning, with the major averages sporting gains of 0.3-0.9%... The positive bias was generated by multiple factors, which included favorable carry-over from yesterday's session, lower crude oil prices, and a sizeable pullback in bond yields...
With respect to crude oil prices, which have been center-stage of late, they dropped $1.26 to $39.44/bbl on expectation that OPEC will increase production quotas at its June 3 meeting, while major non-OPEC oil producers are likely to increase output given the high prices... The lower bond yields supported the advance of the stock market as the 10-year note was up 13/32, bringing its yield down to a three-week low of 4.60%... Also supporting the market's gains were technical factors, which included the major averages' ability to stay above their respective 200-day moving averages, which the Dow and the Nasdaq cleared in yesterday's session, as well as the S&P 500's ability to clear and the Nasdaq's ability to hold above their respective 50-day moving averages...
The bulk of the sectors closed in positive territory, with the oil & gas services sector among the only laggards of note... Leaders to the upside included the internet, semiconductor, communications services, consumer, drug, steel, chemical, retail, and gold sectors... This morning's economic reports had little effect on the market, but included the preliminary Q1 GDP at 4.4%, up from 4.2% previously, with the Chain Deflator at 2.6% (consensus 2.5%) and the Initial Claims report at 344K (consensus 335K)...

All bodes well for a strong open in the UK but recently the UK does not seem to want to play ball.

Good hunting
M

Evening Martini - appreciate the info. Tomorrow will be the end of a long week for you.

I would just like to encourage a few of the lurkers who clearly read these threads to post a few words today. Most of us won't bite and it is only when lots of people share their views that a good debate can get started. So, be brave; let us know you are out there and post something......start with 'hello!'

well...hello

Hello, hello, v..... I popped back to pay my respects to Croc initially, got caught up reading some threads, then whoosh, it very quickly becomes addictive and its Coronation Street all over again. Take care, Brocks

Much more fun to take part than just watch from the sidelines, Brocks.....I lurked for months before I garnered the courage to add my first comment. Now you can't shut me up!

True, true

OK, I've had the odd glass of wine in Poochy's.... so shoot me! Maybe I should go to bed....

Nah, have another one, it's been a long week.

Finally managed a trade today.....a sell at 4.20 so will be up early to spend again. Goodnite all

Mamma mia Brocks! Long time no hear!

morning all

FRI FTSE PP

R2 4492
R1 4473
PP 4451
S1 4432
S2 4410

Ftse closed above its pp on thu and gained .9 in the auction, still trading the 4400/70 range, uptrend intact off the Wed low, pos break down at the pivot to keep an eye on, dow finally over 10120 but ftse still sub 4470, dow close above 10200 may give the ftse some impetus to challenge the highs again imho if uptrend stays intact!

Updated 5/27 for Friday's market.
Key DOW Levels for 5/28
UP Above 10,230
DN Below 10,150

Upside Break
Dow breaks consolidation to upside, trends higher for the session.

From prior commentary, "...The fact that the Dow has formed a consolidation at the highs implies a likely continuation in the medium term. An upside break through the top of the range at 10,130 will likely spark such a move tomorrow..."
The Dow got the upside break through the top of the tight consolidation at 10,130 this morning, sparking another sharp advance, as seen in the 15 and 60 Minute Charts. The Dow held strong for much of the session, gaining 95 points by the Close.

The 15 Minute Chart shows the Dow looks to be forming the framework for another continuation pattern at the highs of today's upmove, which is bullish. Look for the index to hold within the boundaries of 10,150 and 10,225 before another solid move is seen. A break from this range will likely make for another solid move in the direction of the break.

Short Term Dow

Short term, the Dow has formed a clear trend line beneath the lows of the recent three-day upmove, seen in the 5 Minute Chart. A downside break of the line at 10,170 will likely make for weakness tomorrow morning.

Medium Term Dow

In the medium term, we entered the market Long this morning at 10,191, but stopped out at the entry due to the Breakeven Rule. We are still out of the market and will watch 10,230 up, and 10,150 down; using 20 point stops.

NASDAQ & S&P

The S&P and NASDAQ each moved higher out of their respective ranges this morning, making for strength for the session. Look for another continuation pattern to form to indicate further strength. *

Summary

The Dow got a solid upside break from the consolidation this morning, which sparked strength for the session. The Dow should be considered bullish at this point, especially if it continues to hold above 10,150. A break of this level will indicate a likely pull-back within the current uptrend.

daily

Break up a possibility today with those higher lows imho

morning,japan adds 240,000 new jobs in april.how will that help us? well burberry for one dose more trade in japan than elsewhere.
the market here should be strong all morning.presently long BB. and short SPW.

morning all. lots of info to take in this morning.

Morning all - good hunting

Morning all, thought I had the wrong thread for a moment 19 posts already!

I think the UK is not following the US as it thinks the US is going to go into free fall any minute and no one wants to get caught out.

I think it's jumping the gun a bit!

I still have my CFD - ITV long open, it's a bit like pulling teeth, but it's slowly going in the right direction! I'm out a lot at the moment so can't keep an eye on it and can't afford to take a chance of a sudden big drop so picked this share as I think it is less volatile than others I watch!

Ciccio Kayak, been a little busy of late, trust you are well, good to hear from you, Brocks

Sitting with MKS in profit (for the first time in ages). I'm in and out today so trying to decide whether to take my profit or wait for possible cash/share offer. Any suggestions? Perhaps should set stop loss .....

After an hours trading the markets are in postitive territory but off their opening highs with MKS standing out in trading action.


Top % gainers

CLS Cheerful Scout 16
NBT Netbenefit 12
TDGB TDG'B' 10
MTA Martin Internl. 8
AMT Amstrad 6
BIT Bits Corp 6
MRG Mercury Recyc. 6
STA Stagecoach The. 5
CAB Carbo 5
ALY Ashley(Laura) 5
FLT Flintstone Tech 4
MEQ Microcap 4
ACE Accident Exch 4
DFD Debt Free Dir. 4
AUR Aurum MIN 4
NTX NXT 4
HSD Hansard GRP 4
ASBE A.B.Engineering 3
MOSB Moss Bros. 3
DNX Dana Petroleum 3
VTB Virtue Broadcst 3
BWNG Brown(N.) Grp. 2
PRM Proteome 2
DTC Digital Class. 2
AVT Adv.Tech.UK 2
QA. QA 2
OBS Orbis 2
CHU Chaucer Hldgs 2
PIA Pilat Tech. 2
LAF Lonrho Africa 2


Top % losers

FCO Fairplace Cons. -32
TTL TTG EUR -26
BTL Bristol&LDN -21
FLG Flightstore -8
FORM Forminster -7
CEL Celsis Intl. -6
HOH Howle Hldgs. -5
ILX Intellexis -5
ELD Eldrdge.Pope -4
AFG African Gold -4
CDTI Clean Diesel(S) -4
CDT Clean Diesel -4
CCO Crown Corp -3
UFG Ultimate Fin. -3
PLM Plasmon -3
JFI Jupiter Fin. -3
MSG Milestone GRP -3
GLW Glow Comms. -3
MPH Marchpole Hldgs -3
SRDR Sirdar -3
HYC Hyder Cons -3
CAU Centaur -3
IMG Imagintn.Tech -2
APG Airsprung -2
NNG Newport Network -2
GLA Galahad Gold. -2
PRO Provalis -2
GLB Glanbia -2
SVR Servicepower -2
CKN Clarkson -2


Volume leaders

MKS Marks & Sp. 42,606,300
VOD Vodafone Grp. 39,488,000
SBRY Sainsbury(J) 10,108,700
OOM Mmo2 8,564,400
BARC Barclays 6,923,360
ULVR Unilever 5,898,740
MFI MFI Furniture 5,363,260
CS. Corus Group 4,757,880
RTR Reuters Grp. 4,751,380
MT. Mytravel GRP 4,451,780
SHEL Shell 4,094,870
LGEN Legal&Gen. 3,934,570
HSBA Hsbc Hldgs.UK 3,921,560
BP. BP 3,909,110
MXC Matrix Comms. 3,789,940
THUS Thus Group 2,702,140
BT.A BT Group 2,188,510
TSCO Tesco 2,150,590
ISYS Invensys 2,108,520
KGF Kingfisher 2,106,900
SIG Signet Grp. 1,970,770
HHG HHG 1,919,500
TLW Tullow OIL 1,625,300
LLOY Lloyds TSB Grp. 1,597,630
BOOT Boots Group 1,548,750
ARM ARM Hldgs. 1,325,950
EZJ Easyjet 1,260,070
BWNG Brown(N.) Grp. 1,207,010
CW. Cable & Wire 1,206,750
AIE Anite Grp. 1,128,520


Sector % movements

Food Producers & Processors 1.58%
Steel & Other Metals 1.49%
Telecommunications Services 0.82%
Information Technology Hardware 0.70%
Speciality & Other Finance 0.62%
General Retailers 0.52%
Automobiles 0.44%
Media & Photography 0.39%
Banks 0.38%
Life Assurance 0.32%
Health 0.23%
Construction & Building Materials 0.21%
Aerospace and Defence 0.17%
Transport 0.13%
Food & Drug Retailers 0.12%
Support Services 0.11%
Leisure,Entertainment & Hotels 0.09%
Chemicals 0.09%
Personal Care & Household Products 0.07%
Mining 0.06%
Real Estate 0.05%
Beverages 0.02%
Engineering & Machinery 0.01%
Diversified Industrials 0.00%
Restaurants,Pubs & Breweries 0.00%
Water 0.00%
Distributors 0.00%
Forestry & Paper 0.00%
Gas Distribution 0.00%
Packaging 0.00%
Pharmaceuticals -0.03%
Insurance -0.04%
Investment Companies -0.16%
Tobacco -0.20%
Electricity -0.26%
Electronic & Electrical Equipment -0.45%
Oil & Gas -0.55%
Software & Computer Services -0.65%

Hi G
M

Hi Pop
G

Morning all

tx again Martini and Playboy

Nice to wake up to a blue sky and a blue screen. PTG finally appears on the up again and DNX looks positive.

Anyone here trade/hold MCTY. Currently undergoing a buy back programme after a good set of results. Looking to trade them vs the housebuilding sector as likely to outperform the sector if house prices come under pressure.

Off to play golf later - have a good day and good luck all

MCTY is on my watch list. Had some, but they dropped too much in the
days after going ex div, that my stop loss kicked in.

Ex div 05 May - then -45 over next 5 days,

Blimey Brockman where u been?

decision time

CASH (Cardpoint) is having a good morning. It's been a bit all-over-the-place since it came back after the suspension and the Trading Statement. Any views?

Morning all:
Vasey you are right about the lurkers.Come on Guys "Dont sit on the fence and watch -Jump into the playing field and even penalties are allowed -no red cards here."

rgds
zarif

zarif, I hope you will be taking part in Poochy's Gee Gee Race tomorrow....41 horses. If anybody wants to know what I am rambling about, visit GD's Tea Rooms, the EPIC is TEAS. No skill is required. No money is required. Jeffmack will put up the runners and riders for the 3.15 at Kempton tomorrow and you 'bag-a-nag'! It's even easier than paper-trading shares.

Looks like a lot of people think there is going to be a sell off in
the US this afternoon/evening!

LW ftse already priced most of it in imho!

I agree, but it'll be interesting if it turns out that the US doesn't have a
sell off - that'll throw everyone off!

any one else offloaded m&s,, wlw, today.

DD No, decided not sell MKS at the moment - other interest than Philip Green will probably surface and Green is going to have his firm offer in by the end of next week, so shall wait and see.

I'm also holding my MKS. Just looked at the chart and think there could be more than one interested party once one person makes a formal announcement.

Lw : My thinking is along the same lines as you that it will pop and drop.Also I personally would not like to hold say large positions over the long weekend with all this oil,crude,gas,terror alerts etc.thats my opinion and as u say the market can do anything and be right and with the yanks never know what is going to happen.

Decision time looms...broker shuts at 4.30....
Unless MKS does something amazing in the next 10 minutes
I'm going to hold until Tuesday and prolong the tension!! (lol)

OK decision made - I'm still 'in' for Tuesday on MKS!!

amazing auction on MKS 1,654,100 sells v 272,995 buys......but if there's another interested party over the weekend........

It has been totally mad today on MKS or at least it feels as if
it has been!!!

Dratt dratt and double dratt. Looks like Splat did me on 4425 in LWs FTSE100 competition barring a big change in CA!
Will try to do a rambling wrap later if I stay sober. Dont stay for it you wont miss much.
Have a great weekend and bank holiday all.

Have a good one Martini!!

Bad luck on the FTSE comp Martini. I am holding MKS over the week-end too bunny so we shall sink or swim together on that one! The Gerards woman on Working Lunch reckoned there would be other interest and worth holding.......we shall see. Have a good week-end everybody.

Have a great weekend too JJ and whatever happens we'll float
up or down the river together !! (lol)

I have been struggling today to know how to wrap up this week and then I read the Greystone column by Alan English on ADVFN.

With his permission I repost it here as he does it so much better than I.

---------------------------------------------------------------

A Week Overshadowed By Sadness (29/05/04)

David Anderson



This is, without doubt, the most difficult and the saddest week that I have ever had to report on.

A great BBer passed away this week. David Anderson (Crocodile) died in his sleep on the night of Monday 24th May. I am sad beyond expression.

David represented the very best in a whole era in the history of private investing. He also represented the very best in human nature. He was never happier than when he was helping someone out. A genuine "helpaholic"!

The Crocodile name is synonymous with all of the most positive things that the financial Bulletin Boards produce.

I first had the pleasure of meeting David in the very early days of BBs and internet-based financial systems when we were all struggling to get to grips with the new environment that appeared to offer us endless opportunities but also presented us with a million hurdles to climb. Crocodile immediately set out to make it easier for us all to understand this brave new world and went out of his way to make sure that we all benefited from his expertise.

In latter years, I watched David many times giving his presentations on the intricacies of such things as Level Two data and was in awe of the skill he applied and the infectious enthusiasm he brought to each occasion. No-one was better at recognising what was going on in the market than Croc.

On a social level, David brought joy to any occasion. If you were ever fortunate enough to spend any time in his company, you will know just how much fun he was and how he would always emerge as the centre piece. Everyone had a question for him and he always made time to find an answer. A real gentleman.

I'm sure David will always be remembered with great love and respect. His passing has left a huge void that will be difficult, if not impossible, to fill. It is a sad week. For us all.

God bless you David. I am proud to say that I knew you.

Greystone



There are threads of condolence running on every Bulletin Board you care to visit. It is a measure of Crocodile's love of what he did and his enthusiasm for helping people that he is mourned so widely by so many. Reading through the threads, you will see the same words and sentiments repeated over and over. A "lovely man". A "real giver". A "thoroughly nice guy". A "snappy and gentlemanly trader". "A true trader in every sense of the word and a great loss to us all." He gave "freely and generously of his time and expertise."

To represent the feelings of us all, I would like to quote from a couple of messages from BBers who I know, like me, had known David for a long time.

From ExecLine:-
"Our Croc was so very charming and professional and always conducted his business in a way whereby he always put much more in than he expected to take out."

From Gausie:-
"There are few who have helped so many people to work towards their dreams and ambitions. I've spoken to so many people and they all tell of how Croc made them feel special - not only by freely helping them with whatever they needed, but also by actually making time for them. How can one man make so much time for so many people in one short lifetime?"

I think that sums up very well the great esteem in which David will always be held.

There are threads of condolence running on both the Premium BB and on the Free BB where Fenec found a perfect photograph on Crocs own site (www.snappytrader.com) to open with. An image that shows David how he was happiest; surrounded by computer screens flashing out market data. His true legacy is the profusion of private individuals who have been touched by him and, in that way, have been turned into better people as well as better investors. Davids work lives on in us all. (If you wish to leave a personal message, please feel happy to do so. When the time is appropriate, copies of the threads will be sent to David's family to let them see just how big and important an influence he was on so many lives.)

The thoughts and prayers of the entire BB community go out to David's family in this most difficult time for them.

In lieu of my Poster of the Week prize, this week I will be making a donation to the Georgina Ward of The Dudley Group of Hospitals NHS Trust in response to the wishes of David Anderson's family. I know how close to their hearts this is.

Martini,

A fitting post to finish with, thank you for your considerable efforts this week in keeping the thread going in memory of Croc, its what he would have wanted and for that we are grateful.

a great post matini( courtesy of Greystone )


i do wonder sometimes though how many posters have met their maker in a given period. there are many on this and other bbs conspicuous by their absence. whether capitulation or other reasons, who knows?

croc was only a year older than me and in the prime of his life.......i still feel like i did when i was 18 but this dreadfully sad news has made me think VERY seriously about my lifestlye

ABSOLUTELELY NO INFERRENCES INTENDED TO DAVID.

i look at my 8 children now and appreciate what i have, not what i WANT.......because ive realised i already have it

Just an update on the Cafe investment game that finished today.......Yes i do not believe it myself but poochy managed to pull it off and stay at the top to win with a decent 105,844.68. Hightone not far behind and stayed in the exclusive 100k club, and This is me came in third playing very well during the Game.
Hilary never showed any threat but i think she was just giving us a bit of a chance this time (she will always be the Queen of Trading), and the wonderful Gianni came in last (You win a free Bods!)

The Best performing Investor Woman goes to the Sweet Bunny with her M&S investment beating off little woman in the last day or so - well done.

Gianni who is full of good heart promised 100 to the winners designated charity but with the recent sad happenings to Croc it is only fair that this money should go to Crocs family and for them to decide where the money can go to. Thankyou Gianni for such kindness.

Indeed GD - thank you Gianni

Hey Skinny, how's your hosta's? :)
Me... well been to to Waitrose, sun on my face!!!!!!!!!!!! Picked Lucy up from school................ Sun on my face, training at the gym tonight, sun on my face!!!!!!!!!!!! Been out on date, sun on my face, off to bed, sun on my face!!!!!! You?,,,,,,,,,,,,,,,Brocks........ (do hope you have sun on your face?) At least for continuity!!!!!