http://stockcharts.com/def/servlet/SC.web?c=$USD,uu[l,a]daclyyay[db][pb55!b20][vc60][iUb14!La12,26,9]&pref=G


that looks like a buy to me....cant listen to mizoos

they not audio files, they are pdf's but they won't open for me.

Anyways, you have the mail man, with an interesting snippet, maybe worth something (not munny) to you.

i meant dont listen to what those tossers think..lol

DEVELOPMENTS TO WATCH TODAY: July 21 Europe



- Federal Reserve Chairman Alan Greenspan said a recent slowdown in consumer spending because of inflation ``should prove short-lived'' and that the central bank can continue to raise interest rates at a ``measured'' pace. ``Inflation also seems to have been boosted by transitory factors such as the surge in energy prices,'' Greenspan told the Senate Banking Committee. ``Those higher prices, by eroding households' disposable income, have accounted for at least some of the observed softness in consumer spending of late, a softness which should prove short-lived.'' The Federal Open Market Committee, in a related report, predicted the economy will grow as much as 4.75 percent in 2004 from last year's fourth quarter, down from a 5 percent estimate in February. Retail sales and industrial production fell in June, job gains trailed forecasts, and a report today showed an unexpected drop in housing starts. Stocks and bond prices fell.


- Microsoft Corp., awash with more cash than any U.S. company outside the financial industry, will return more than $75 billion to shareholders over the next four years through a special payout, stock buybacks and a higher dividend. The shares rose after Microsoft said it will buy back as much as $30 billion in stock over four years and spend $32 billion, or $3 a share, on a one-time dividend. The company said in a statement it will double its dividend to 32 cents a year. Chief Executive Steve Ballmer, 48, responded to investor pressure to return some of the Redmond, Washington-based company's $56.4 billion in cash. The plan is the largest return of capital ever for a U.S. company and is bigger than the entire market value of all but 24 other members of the Standard & Poor's 500 index.


- The Bank of Canada left its benchmark interest rate at 2 percent, saying the rise in oil prices isn't driving up its preferred measure of inflation fast enough to warrant an increase in borrowing costs yet. The central bank's target rate for overnight loans between commercial banks remains at a 43-year-low, three-quarters of a point greater than the equivalent U.S. federal funds rate of 1.25 percent.



Equity Markets Summary -


Asian stocks rose today, after Fed Chairman Alan Greenspan said a slowdown in U.S. consumer spending may be ``short-lived.'' The Morgan Stanley Capital International Asia-Pacific Index, which tracks more than 900 stocks, rose 0.8 percent to 90.25 at 12:10 p.m. in Tokyo. Japan's Nikkei 225 Stock Average gained 1.4 percent to 11,418.59. During the midday break, the Cabinet office doubled its forecast for economic growth in the year ending March 31 to 3.5 percent, the most in eight years. South Korea's Kospi index jumped 2.2 percent to 753.52, while Taiwan's Taiex index added 1.3 percent to 5394.77. Stock benchmarks in all markets rose, except in China.

U.S. stocks gained after Fed Chairman Alan Greenspan said consumer spending may pick up even as the central bank continues to raise interest rates at a ``measured pace.'' Better-than-expected profit from Corning Inc., the largest maker of fiber-optic cable, lifted technology shares. The Standard & Poor's 500 Index has shed 2.8 percent this month and is down 0.3 percent in 2004 amid concern higher borrowing costs may crimp profits. The S&P 500 rose 7.77, or 0.7 percent, to 1108.67. The Dow Jones Industrial Average added 55.01, or 0.5 percent, to 10,149.07. Both benchmarks gained for the first day in five. The Nasdaq Composite Index, which gets 39 percent of its value from computer-related shares, jumped 33.24, or 1.8 percent, to 1917.07, the biggest advance since June 7.

European health-care stocks rose after Novartis AG, Switzerland's biggest drugmaker, raised its earnings and sales goals and posted profit that beat analysts' estimates. The Dow Jones Stoxx 50 Index added 0.4 percent to 2603.33 as of 4:48 p.m. in London. The Stoxx 600 rose 0.2 percent. The Euro Stoxx 50, a benchmark for the 12 countries using the euro, gained 0.4 percent. Benchmark indexes rose in 12 of the 17 Western European markets. Germany's DAX Index added 0.7 percent, France's CAC 40 Index rose 0.4 percent and the U.K.'s FTSE 100 Index gained 0.4 percent. September futures on the Euro Stoxx 50 added 0.7 percent.


Equity Technicals:


- DAX Index - no change in view that the DAX's downwards drift may have ended at 3785 -- the index should make an upmove to 3930 area later in the week -- then we will take it from there. The medium-term outlook remains unchanged -- expect a new upwards cycle to form, one which should go on and challenge the 4175 top further out, and perhaps go on and focus at a 4500 upside target later in the year. The idea, from here on up to next week, is not to quibble about a cyclical low, but rather start building a long stake at current levels for the medium-term haul.


- FTSE 100 Index - no change on the view that the index may have reversed at 4297. The index should advance further towards the 4400 area later in the week. The medium-term outlook remains positive. The next upwards phase from there may kick off a new upside sequence which will go on and challenge the 4600 top, and perhaps extend gains further towards 4750 later in the year. Therefore, the idea, from here on,is not to quibble, but rather start building a long stake at current levels for the medium-term haul.


- S&P 500 - the index probably ended the down phase at 1096 on Monday and reconfirmed by the positive close Tuesday -- and we are still looking for an 1120 recovery from here. The medium-term view remains positive -- recent action supports the view that a bigger scale +test of the low+ phase is about to end, and that a new bull market cycle, which started at 1076 in May would shortly resume. The new bull phase may go on and challenge the 1165 top, and thereafter extend gains to 1300 later in the year.


- Dow Jones Ind Ave. - the Dow may have ended at 10,027 Monday and reconfirmed by the positive close Tuesday. We still look for a rally to 10,290 nonetheless. And, the medium-term view remains positive regardless. A new bullmarket phase may be about to unfold. All of these details should be immaterial from an investment point of view -- start building a portfolio now for a medium-term haul. We are looking for this middling correction to end soon -- the main uptrend which started at 9820 from the May low, should resume shortly. The bull market's revival waits in the wings -- and eventually, we expect to see a rally to the 10,800 top, and perhaps further appreciation towards 12,000 later in the year.


- NDX 100 - the downphase may have ended right at 1186 low. We still expect an upmove towards the 1440 resistance from here. A new bull phase may be in the offing, but will only know for certain once the 1440 resistance is taken out. But is it important that medium-term investors should start building a new portfolio, as the uptrend should reassert soon. The medium-term view remains strong -- the new bull market started at 1372 in May, and should go on to test the 1560 top, and perhaps further appreciation towards 1750 later in the year.


- Nikkei - the index may yet fall furtherto 11,500, but the decline is not a given. The rally should eventually resume and go further higher. We still believe in the bulls' case -- a new uptrend may have already initated from the 10,450 low in May, which may have 15,000 - 15,500 as the major goal late in the year.


- Hang Seng - the index has indeed found support above 11,800 and should ratchet higher to challenge the 12,600 resistance. The market gets set for a new bull market rally. The uptrend should then resume and may target the 16,500 - 1 7,000 area later in the year.

This is a Team based FTSE Investment Game visit The Cafe
Each team starts with 1 million pounds to invest
The Team leader will be reponsible for posting their teams investment selection
Each team can select between 1 to 10 FTSE / AIM stocks for their portfolio
Every weekend each team may make one trade (must be complete stock) or new investment; post before 6pm Sundays
Buying into a stock you already own will be classed as a new stock and not added. (see example below)
The Game will last 10 weeks.
The team with the biggest profit after 10 weeks wins the game.
Team members should email each other or post on this thread their investment ideas for the Team captain. The Team Captain must make the final investment decisions.
Teams can only invest and not go short. Buying at offer and selling at bid price.
Dividend payments will not be included. The game is based solely on the price of a share.
There is a maximum of 10 players per Team.
Game starts 30th July, Team Captains should post first investments choices before 6pm Sunday 1st August.
This Game is only a bit of fun and Golddog reserves the right to do what he likes (mutley snigger)

Eligible players from GD's Tea rooms have already been placed into teams, if you do not wish to play then you can either tell me or just become a silent member of the team. Or you may request transfer to another team.

If you would like to play along then please post which team you would like to be placed in. (anyone may join in). The girls team is for girls only. If a group of you would like to set up your own team then just let Golddog know!

Please ask any questions?
Other than that we shall make it up as we go along? :-)

Teams should select a Team Captain or Golddog will choose.

example of Team Leader posting;

buy 250,000 Barclays barc
buy 300,000 bodyshop bos
buy 280,000 Lloyds-TSB Group lloy

example of following weekend posting;

sell barclays
buy 200,000 Lloyds-TSB Group lloy

Portfolio will then be as follows;

1. 300,000 worth of bodyshop bos
2. 280,000 worth of Lloyds-TSB Group lloy
3. 200,000 worth of Lloyds-TSB Group lloy

no shorts? What kind of investment is this? Where is the protection/balance?

Answers on a postcard to:

Saturday Soup Kitchen
Platform 1
Euston Station
BRO KEN

or email

Iwanttoloose50%ofmyinvestmentsagaininthesamedecade@pauper.bum

Investing is no longer about B&H izzit? Thought the bulls had been taught an expensive lesson already.......

yeh but 30th is fibo turn date mick,,so it might go up...ill have gsk,barc as mine

yea but we can do both....... longs and shorts, don't understand this fixation with buying and holding till the Trumpet sounds.

Longs may already be the way to go, if you believe saxo. Yesterday looked like an excuse to turn it, Ali G said nowt that should have rallied mkts, so if daz boyz want it back up, so be it, I ain't standing in front of them.

I have gsk on watch too. 1000 was huge support last year.

Closed a small nrk long +7. Look at it now +22. I hate going long.......lol

mitzooos mg..same as it ever was

what was the boe vote ...been out

Glad to see you have an interest in the game. Just let me know all the names that want to be in your team and select yourself a Team Captain. It's only a bit of fun and sorry about no shorting! :-)

affanoon,team games eh,but not for bears.

yea, its discrimination, just cos we smell and don't eat grass.......

gold ..its easy we just sell first and buy back second...surely u can accomadate that?

team is

moregas
mick p
hijeff
dickster
moonblue
hedge66
kevinmcm
ps499

one team member there i dont know,dickster,did you have anover name elsewhere?

he is dickster on advfn,i asked him on phone ,he said yes,he posts on moneyam traders room...

moonie the dial code wasnt spain then.lol

lol..

bet greenspan turns the usd roundat 320pm...