Sorry Your browser is not java capable

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 +110 Hang Seng +131  Asia News		DAX    CAC     Euro News

US indexes zoom on strong earnings McBride household goods maker said on Friday its trading performance and cash generation continued to be satisfactory. St. Modwen Properties said the year had started well and it expected to report a record 2004. Mobile phone companies may rise after a positive update from Ericsson WH Smith Australian private equity firm Pacific Equity Partners said on Friday it has agreed to buy the Asia-Pacific retail business for A$115 million ($84 million).

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
Shell Transport (AGM)08:30 March motor vehicle production 08:30 March retail sales 08:30 Q1 prelimiary GDP estimate	Xerox, R.J. Reynolds Tobacco 13:30 Core PPI Mar 0.1% 13:30 Durable Orders Mar 0.7% 13:30 PPI Mar 0.3%

Data Download	Calendar	US Zone	HTML Edit		Currency Calc			Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE +18	DAX +12	DOW +18	S&P +2	NAS +12	Tips & Recommendations

Morning all,

If you look further back there is nothing in the way of resistance
from these levels all the way back to when the FTSE was at 5000/5200.
Big move coming, IMHO, but which direction?

We are at the top of the range, now, just the same as when we dropped
from 5000/5200.

Melnibone.

Sorry about the layout of that last post. Not quite got the hang
of Croc's HTML editor yet. The post was too big and I had to split
it in two with the above result.

Never mind, practice makes perfect. ;-)

Melnibone.

It's done it again. ????????
And I didn't use the HTML editor that time.?????

Completely non-plussed.

Melnibone.

Melnibone -
If you look at the high around 5200 and the lowest low we had last year (3200 ?) the 4550/55 level represents the 62.8% Fib level. What is more intriguing is that comparing those halycon days, around the year 2000, when the FTSE was struggling with 7000 with the more recent times (end 2002) when the FTSE was around 3200, the 4550/55 level represents the 38.2% Fib level.

Coincident Fib levels at different time frames represent potent levels.

Diego

Got my E-trade account up and running

Small short PSN

The DYS I added to my long term portfolio 2 days ago is still going up

Thanks for that info Diego. I've never looked much at
Fib levels, so your comments are welcome.
If folk look at Fib levels then I should really pay
more attention. I'll have a look round the Web and see
what I can come up with.

We're now basically back to where we were on Tuesday evening
in pre-Greenspan mode, in the US and the UK. So I would be surprised
if the market galloped higher this close to the weekend.
If anything, seeing as the trading Bears have taken the Greenspan
effect windfall profits, then maybe a small drop is in order for the
trading Bulls, that chased them back up, to trouser some of their
profits for the weekend.

I won't be taking any risks on a Friday at a critical point such
as this, and I doubt that I'm much different to anyone else.

Hope this post comes out normal and doesn't look like Nelson's
Column like my previous ones.

If it does, I'll just blame Croc. :-))))

Melnibone.

Another expert on TV today saying they wouldn't be in
equities now but would still be in cash. OK at this point
some prices are high so possibly not the time to buy in,
but if you are already holding that is surely a different
matter! I wonder if the experts having got it wrong before
are now crying wolf sooner than needs be, so they don't get
caught out again!!

Don't listen to experts stockbunny.

They've no more got a time machine than the rest of us,
and depending upon whom they work for they usually have
an ulterior motive that will benefit their employers.

They all use standard phrases and intelligent sounding
waffle. I bet I could go on TV and waffle along with the
best of 'em.

If I put on a suit and a pair of studious looking glasses
I bet I could even make you believe that I knew what I was
talking about. Especially if I smiled at the right points
in an avuncular 'trust me' kind of manner :-)

Melnibone.

I just finished reading the book on Barlow Clowes - did you know he was an expert in Govt securities, and for over 10 years, went on TV and did talks, explaining how he was so good at it using other peoples money to guareentee amazing returns!

afternoon guys and gals:
Cool writings today for people of narrow vision( nelsons column).
just jesting -whats happened to the margin size i wonder.
rgds
zarif

I think you forgot to end your html table, Melnibone. I've put it in here to see if it sorts it out.