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KLM carried 8% more traffic last month on increasing signs that International long haul traffic is increasing. Sainsbury shares may rise on buyout rumours. Marks & Spencer may say that growth has stalled when it reports Q4 sales later this month, Chief Executive Roger Holmes may have concluded that the recovery instigated by Chairman Luc Vandevelde has finished and further growth requires "radical change". Last week they announced they would shed about a fifth of its head office and financial services' workforce. Brascan has extended its offer for British property firm Canary Wharf by six days until April 8 Carillion (CLLN) has signed a five year agreement with railway operator Network Rail for the renewal of tracks, switches and crossings. The contract, which starts this month, is valued at around 50 million pounds in the first year. Balfour Beatty (BBY) has been awarded a number of five-year track, switches and crossings renewals contracts likely to be worth more than 500 million pounds with 113 million pounds in the first year.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
Burren Energy (F), Chaucer Holdings (F), Havelock Europa (F), Zi Medical (F) British Airways (Traffic Update) 08:30 Feb Industrial Production,Manufacturing Output	15:00 ISM Services Mar - 61.0	Koenig & Bauer (F), KLM (Traffic Update)

Data Download	Calendar	US Zone	HTML Edit		Currency Calc			Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE +5	DAX +10	DOW +12	S&P +0.6	Nas Unch	Tips & Recommendations

Hello - Regular Sunday read. Thanks Croc.

Thanks Mel,
Missing buttons are back :-)

Thanks all for saying hello!

Pressed the wrong button! (edit)

Hi Testex,

Nice to hear from you again.

You're right, 'JR' Browne is still 'whupping' them. :-)

Been Spreadbetting the S@P last month.

Ref my CMC Cfd's, had some great opportunities for intraday and
overnight scalps with some of my favourite Blue Chip trading shares.
MKS, SHEL, SBRY, LGEN, HSBA. All took big hits and rebounded nicely.

OOM has been good with all the takeover rumours. Every time it dropped
below 101p I bought it, and every time it dropped below 100p I
'Filled my Boots'. :-))
I think that's the standard phrase used for ramping, isn't it? :-))))

Have a look at a 3 month GSK chart.
You can stick a ruler along it. (or should that read 'Down It').

Melnibone.

Hello all.

This is a useful read for me on most days.

Thanks

Pearson 14.8p Ex Divi added.

Hello croc, always find informative happy easter to all.

Hello and Good Evening all.

Diego

Evening all..croc as always ..thx for effort

Good to hear from you all!
D.

hello, nice read as always croc, 'glad' to know im not alone in not been able to pick a winner

I like ironing the frilly things, Testex.

I think my psyche must have damaged when I first heard
Pink Floyd play 'Arnold Layne' in the 1960's. :-))

I fear that I've never been the same since. ;-)

I bet there's a load of young sprogs scratching their heads
now, who've never heard 'Arnold Layne', wondering what I'm
talking about. :-))

Melnibone.

Hi Croc & all,
Watched your preso on Friday, great fun only I was at the back so couldn't see the live trade clearly. If I keep reading your threads, or even attend one of your courses, who knows then one day.........Cheers, Amber

evnin all thanks Croc D.

MONDAYS FTSE PP

R2 4512
R1 4489
PP 4448
S1 4425
S2 4385

FTSE closed above r2 and gained 3.2pts in the auction! pos weakness through 4455 imho!

WEEKLY FTSE PP

R2 4545
R1 4505
PP 4431
S1 4392
S2 4318

Ftse looking a little overbought now, pos new trading range 4430 to 4490/500! Dow next res 10500/520 the area where it broke down, pos some short term strength next week but will be looking for some weakness myself! see dow chart below!

Updated 4/2 for Monday's market.
Key DOW Levels for 4/5
UP Above 10,500
DN Below 10,400

Strong Session
Dow rallies sharply at Open, holds gains throughout session.

From prior commentary, "...The index continues to develop the upward-sloping consolidation that is forming at the highs of the recent advance...we've often seen these consolidations work out to the upside, so we will continue to monitor both the upper and lower boundaries for breaks..."
The Dow got a sharp rise at the Open this morning, which boosted the index toward new highs, seen in the 15 and 60 Minute Charts. The index back-filled shortly after the Open, but eventually established a clear support level at 10,425, which helped protect a 97 point gain.

Looking at the 60 Minute Chart shows that the Dow ended the week at the highs of the uptrend. The steady advance in the market as not been met by any significant pull-backs, therefore we will watch 10,425 for a break to indicate a likely pull-back within the current overall uptrend Monday.

Otherwise, look for continued strength above this support level. The fact that Dow has formed a tight consolidation at the highs of the current uptrend from 10,425 to 10,475 indicates further upside is very likely. Watch this range closely.

Short Term Dow

Short term, the Dow has formed a clear trend line beneath the lows of the 1 Minute Chart. A downside break of the line at 10,460 will likely make for early weakness Monday morning.

Medium Term Dow

In the medium term, we are still out of the market, since none of our entry levels were triggered. We will now watch 10,500 up, and 10,400 down Monday; using 20 point stops.

NASDAQ & S&P

The NASDAQ and S&P gapped up this moring, each holding on to gains throughout the session. Look for a continued trend higher, with the possibility of intermediate pull-backs. *

Summary

The Dow opened the session in fierce fashion this morning, and was able to hold on most of the gains throughout the day, which is positive heading into Monday's market. Look for continued strength above 10,400 Monday. Otherwise, a break below 10,400 could spark weakess within the overall uptrend.

Morning croc et al:

rgds
zarif