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No it was the Beatles surely?. :-)

All this is before my time!

Having an excellent morning - decided to scalp CTM both long & short - so far
closed equivelent to 3.5+ since the market opened and now long @ 84p

Sunny Afternoon was sung by the KINKS

Ok, It was the Kinks!

now if you don't mind i will just go bash myself over the head with a frying pan.

Decided to buy some PSN for the long term portfolio (sold last lot in April,
at 1 more than the current price).

I've just noticed - CNA seems to be paying 2 final divi of 3.7p! One for 28 April, and the other 16 June.

Anyone fancy trying to shed some light?

Figured it out - the second date is the pay date, not the ex div date as is
recorded on this site!

Housebuilders seem to be bouncing off support. At least up to this moment.

tom hogards email copy for u to peruse.

Wow, Europe is the most quiet I have experienced in weeks. We got some important time counts coming up. For example we got the Dow hitting a 0.618 time count later in the week. However, there is just so little going on and the market seems very confused. If you look at individual stocks they are trading in a very narrow range. The time cycles are still spinning out good turns in the market. I will cover some of them later on in the day and send them out to you.



I looked at the big picture yesterday and I would like to continue in that vein today. The SP500 is barely up for the year and neither is the Dow. As a matter of fact the indices have gone nowhere for the last 6 months. Is that bullish? Is that bearish? There is no easy answer to that question. However, history has taught me that when you least expect a big move (in this case over the summer period) you should expect one. I said it yesterday and I will say again today: get ready. I expected a down day yesterday and I got 75 Dow points. Is this the beginning of the big move? As long as we are below 1132 I am bearish.



I got today as a wish-wash between bullish and bearish but I will short any rally today even if it does temporarily gets above 1132 because I am expecting Wednesday and Friday to be down hard. This is based on the Map I do. This is my strategy. A close above 1132 will make me nervous and I will close out my shorts if the market settles above 1132. The big turn of the day does not come until 19:00 19:40 which is about 90 minutes before the close in the US.



Good luck today



Tom

Thanks zarif, I'm just pleased I don't trade the Indices!

Now added HBOS to the long term portfolio. Wanted LLOY but, too expensive!
Had prices I was prepared to buy either one, and HBOS got there first!

Gone a bit quiet here.

Must admit, can't find much other than watching current holdings make a couple of quid.

Not a lot to get excited about really.

Closed my last long and took a bit of profit when
WLW just did that last little bounce.

Leaves me with a clean sheet now, ready to start again.
Looking for US indice shorts, but I would prefer them to
start showing some form of weakness first.
No telling where these Bulls are going to gallop to
when they get going. :-)

Melnibone.

Unless something interesting happens in the next 9 minutes, I'm waiting for
the auction (Last night I managed to buy CTM at .5p lower than the trading price!)

Lost the thread for a minute then!

Managed to close my CTM long in the auction. overall +4.25 on the day. Pity I can't do it every day.

Night all

Still long JKX, MRS, PLR, all but PLR in profit and went short WHT early, which is also in profit.

Quiet day with little to fire the imagination, but profitable nonetheless so quite happy.

My last trading day tomorrow as work calls and it's off to Houston early Thursday.

Will pop by, but best of luck to all whilst I'm away, although I'm sure there'll be a connection somewhere I can use!!

;-))

Hmmm. Off to Houston, eh?

I've heard of folk running for the hills when the Big Bad Bear
comes shambling out of the woods.
But going to the home of the space program to hitch a ride!!!!

Just how big a fall are you expecting, Big Al? :-))

Enjoy your stay with our US cousins.

Melnibone.

Melnibone

I'll no doubt be in touch, but real work rears its ugly head once more. :-(