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News:	Sorry Your browser is not java capable
US shares rise back from early lows but the DOW stays in the red after Wall Marts lower than expected results. BSkyB reported first-quarter earnings sharply higher, ahead of its annual general meeting later this morning. Turnover rose 17 percent to 850 million pounds and profit was 150 million pounds up from 45 million pounds in the year-ago quarter. At the AGM scheduled for 11:30 shareholders are expected to vent their frustration about James Murdoch's appointment News will be posted at approx 7:35am

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT
BSkyB (I) 110mBSkyB (AGM)International Biotech Trust (AGM)		Allianz D Q3, United Internet D Q3 IKB Deutsche Industriebank D Q3 ING NL Q3, Kontron D Q3 Koenig & Bauer D Q3, Salzgitter D Q3

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I don't look at the "heat maps" that often (Research above) but looking at the one for sectors (as well as the FTSE 100) is quite intersting.

Melnibone - remember your comments 2 days ago, about VOD? What about these 2?

Hi Little Woman,

Yes, looks like another 2 major influences on the FTSE
approaching heavy resistance.

This is very interesting times. Market needs a correction,
people are getting nervous after this run-up from the lows.
But the trend is still up and it's difficult to go against it.
The traditional time for the retracement was Sep/Oct but it
didn't happen.
People don't want to miss out if the markets bust through
for another leg up. US are still pumping money into the
markets with monthly contributions.

If the DOW breaks 10000, S@P will break on up and take the
FTSE through the 4425/4450 area. Once it gets through that
what's to stop it going up to that long distribution phase
we had at 5000/5200? Not a lot I'd suggest.

Will we get the correction and have another run at these levels
from further down or are we going to keep on grinding up from
here? I wish I knew.

If the FTSE just drops to 4200 or 4000 people will regard that
as a bottom and will become more confident of putting money
into the market using those levels as the perceived maximum
downside risk.

Although I'm erring to the correction side of things I don't
subscribe to the armageddon view. I'd need evidence of the
US economy going into reverse and for the US elections to be
over for that.

Melnibone

Hi. Hemscott on Barc SB give ex-div on BT.a as 28 Dec. Confusing huh?

Thanks for that guys.

24Dec is a Wednesday, so that seems to tie in nicely
with the record date.

Melnibone.

Just realised, 24 Dec is Christmas Eve.
Everyone will be just squaring their
positions away for the week long stuffing and boozing holiday.

Price could go anywhere, depends who is taking their profit,
Bulls or Bears.

Melnibone.

Ref my point in earlier post ref money flowing in
regularly to US funds, you might be interested in
the following.

http://www.amgdata.com/

The four-week moving average of inflows to All Equity funds stands at $5.4 billion (Inflows are coming into Equity funds at a rate of $5.4 billion/week as measured over a four-week period). That is the highest rate of inflows since 5/23/01

Melnibone

BT's Ex div date in 28 Dec.

Moneyam usually update their "research/company fundamentals" info within a day or two of the anouncements & it's up to date now if you take a look.

Also the actual interim report also says 28 Dec.