S&P Futures
Nikkei -10 Hang Seng +72
7:30am Futures FTSE +5 Techmark +1 DAX Unch Dow +19 S&P +1.5 Nasdaq +-3.5
News Headlines: U.S. stocks broke a five-session winning streak Wednesday, closing a little lower on profit taking in technology at the start of the reporting period for third-quarter earnings. Amersham The Wall Street Journal said General Electric has made an overture to the healthcare firm Royal Bank of Scotland, Britain's second-biggest bank said it had agreed to buy private bank Bank von Ernst & Cie AG from German parent Bayerische Hypo-und Vereinsbank Barclays announces reorganisation. Its finance director John Varley becomes CEO in December 2004, when the incumbent, Matthew Barrett, will become chairman. Varley would become deputy chief executive on January 1 when Naguib Kheraj, currently CEO of Barclays Private Clients becomeS finance director. BAA airports operator, said it handled 12.5 million passengers up 2.6 percent on the same month last year. Heathrow had passenger growth for the second consecutive month as long-haul traffic continued to improve. Mitchells & Butlers said it planned to raise 1.9 billion pounds by securitising its pubs and restaurants and would return 500 million pounds of that amount to shareholders. DFS Furniture, says its annual profits were up 5.2 percent, in line with forecasts, but recent orders have been down and the company does not expect much growth this year. Profit was 56.4 million pounds for the year on turnover of 499.1 million pounds. The Bank of England is widely expected by economists to keep interest rates on hold later on today, but financial markets still think there is a risk the Bank could raise its base rate at this meeting.   United Kingdom Calendar (F)inals (I)nterim    United States  (GMT)   Europe & World (GMT) Thu 9th Oct BAA Sep Traffic Figures DFS Furniture Group (F) PBT 56.4m exp. Austin Reed (I), Brown & Jackson (I), John David Group (I) 00.01 UK Sep BRC Shop Price Index 09.30 UK Aug World Trade Balance of Payments -3.5bn exp. 09.30 UK Aug New Construction Orders 12.00 UK BOE Rate Announcement Marriot (Q3), Abbott Labs (Q3) 13.30 US Sep Import Price Index m/m 0.3% exp. 13.30 US Initial Jobless Claims (w/e 4/10) 395k exp. Carrefour (Q3) 07.00 EMU Aug German Trade Balance E11.2bn exp 07.00 EMU Sep German Final CPI m/m 11.00 EMU Revised 2nd Quarter GDP q/q 0.1% exp. 11.00 EMU Aug German Preliminary Industrial Production m/m 0.9% exp. 11.00 EMU European Commission Publishes 3rd & 4th Quarter GDP Forecast Good Trading!      david@FTSEDOW.com     www.FTSEDOW.com Futures Pivot Calculator

morning all,

still long arm lgen cna ctm fpt...

looking to long gnk

have a good day all

Mega...

CROC:
Goodmorning.
just to congratulate u and ask u that man when and how do you get such energy to do all this work every day-in day-out and so brilliantly set out.
Bravo and keep it up.

rgds
zarif

THU FTSE PP

R2 4338.6
R1 4303.6
PP 4268.6
S1 4245.5
S2 4222.4

Close was above Wed pp after loosing 2.8pts in the auction, still trading in the upper FIB range but has closed beneath the 3yr downtrend after a brief blip above! Close is virtually on my 60min sig line but still above my LT sig line so a hard call, down to Yahoo results so news based for direction! Dow jones has still not given a sell sig as I write at 9641!



Updated 10/8 for Thursday's market.
Key DOW Levels for 10/9
UP Above 9,675
DN Below 9,535

Trading Range
Dow stays within wide range, hold beneath Resistance.

From prior commentary, "...The fact that the index has gotten an upside break from a bullish pennant consolidation implies a likely continuation higher in the medium term...However, the Dow must break through resistance at 9,700 before significant upside is seen..."
The Dow trended slightly lower today, but continues to hold within the boundaries of the wide trading range that has formed from 9,535 to 9,675, seen in both the 15 and 60 Minute Charts.

Looking at the 60 Minute Chart shows that the Dow continues to hold beneath the solid 9,675 resistance level, which is hindering further upside potential at this time. If the index can get the upside break through resistance at 9,675, more upside is very likely in the medium term.

Conversely, a downside break from the trading range at 9,535 could spark a steep sell-off within the wider trading range that has formed from 9,230 to 9,675, seen in the 60 Minute Chart. Given that the Dow has halted its advance at resistance, a downside break is implied. Watch the range closely tomorrow: 9,535 down, and 9,675 up.

Short Term Dow

Short term, the Dow has formed a nice, tight triangle consolidation at the highs of the 1 Minute Chart. Watch 9,625 for a downside break, and 9,635 for an upside break to decipher direction at the Open.

Medium Term Dow

In the medium term, we are still Long the Dow from 9,381 and will hold stops at 9,550 to lock in 169 points of profit. We will stay Long above 9,675 and will look for Shorts below 9,535, with 10 point stops.

NASDAQ & S&P

The NASDAQ continues to trade within the boundaries of its upward-sloping consolidation, while the S&P is mulling around within its range. Watch for the NASDAQ to push higher alongside the S&P until the lower trend line is violated. *

Summary

The Dow pulled back slightly off the highs today, but continues to trade mostly sideways within the trading range that has formed at the highs of the current uptrend. Watch the boundaries of the range tomorrow, as a solid break through either will likely spark a solid move. Watch 9,535 down, and 9,675 up.

Morning all, training today so will not be around much. Trade well :-)
D.

Still short rtr.

rtr short stopped out for a loss.

Just sold MTN matalan - 21% up on purchase...good but not the 25% I hoped for, but I ran out of nerve to hold on for further rises due to concerns about possible falls. This game ain't good for our nerves/blood pressure people!! Off for a carrot, have a good afternoon! SB