Limpsfield's Weekly Chart View

Last week saw the market strength continue in the first half, but there were the first signs of nervousness creeping in over the last few days. At the moment any weakness, particularly in the FTSE 100, remains a buying opportunity and further gains are expected in the weeks to come.FTSE 100Intraday FTSE Last week saw new two and a half year highs once again for the FTSE 100, with 5077 hit on Thursday. The next short-term objective for this market remains at 5100 and there was plenty of short-term support seen for the index last week from 5032 through to 5048. While in the short-term this market has looked overbought for a while, this has not stopped it rising and ultimately it would take a slide back through 4765 to signal that the uptrend since August 2004 is coming to an end. Dow Jones Intraday Dow Last weeks target for the Dow was 10,850/900 and Tuesday saw this index trade up to 10,852 before running out of steam. The US markets have lagged our own this year and once again the highs seen at the end of December are proving to be a problem. From the daily charts, we need a move through 10,900 to signal there is still some momentum left to come. It wouldt be surprising to see a choppy few days ahead. Have a good week!Limpsfield Limpsfield is David Jones, the widely acclaimed charting expert at Shares Magazine who also hosts regular Charting courses for Global Markets Training (www.glomtc.com)

Evening all,

Thanks to Mr G and Limpy for the thread,a great start to the week :-)

long ARM S&P...

short CABLE...

95% of trading is done on the CABLE and S&P these days,just suits my style and i am happy doing it :-)only another 4 weeks left on me contract down at witham then back to full time trading again!!!

Have a good week folks,back thursday afternoon.

Mega...

Thanks Greystone and Limpy!

Does anybody else find when they click on the MAM Home Page for a free 30 day trial of e-signal, that it directs them to comdirect?

PRUDENTIAL CUT TO 'UNDERPERFORM' FROM 'NEUTRAL' AT CSFB

AVIVA UPGRADED TO 'OUTPERFORM' FROM 'NEUTRAL' AT CSFB

Morning all.

Morning

DVS - 1m additional revenue by end April. Mkt cap only 6m. Hmm
http://www.uk-wire.com/cgi-bin/articles/20050221070000P0F94.html

GMC - new poker site. Onward and upward GMC'ers? ;-)
http://www.uk-wire.com/cgi-bin/articles/20050221070000Z0786.html

KID - contract with US Navy
http://www.uk-wire.com/cgi-bin/articles/200502210700027747I.html

SPH - Wal-Mart deal. 2nd deal in a week
http://www.uk-wire.com/cgi-bin/articles/200502210700058030I.html

FSJ - new tanker
http://www.uk-wire.com/cgi-bin/articles/200502210700088097I.html

CWR - development program with Dunlop Aerospace for fuel cells. They've even got a quote from Blair. Interesting
http://www.uk-wire.com/cgi-bin/articles/200502210700148111I.html

TVC - trading on AIM from today
http://www.uk-wire.com/cgi-bin/articles/200502210700148112I.html

BWG - disposal
http://www.uk-wire.com/cgi-bin/articles/200502210700168118I.html

ROC - drilling in Oz
http://www.uk-wire.com/cgi-bin/articles/200502210700218138I.html

DTK - Spanish contract. A break above 120p opens all sorts of possibilities IMO - 3yr cup & handle?
http://www.uk-wire.com/cgi-bin/articles/200502210710358148I.html

EMR - interesting outfit, interesting forecasts
http://www.uk-wire.com/cgi-bin/articles/200502210714378149I.html

MLH - interim results look OK - maiden profit
http://www.uk-wire.com/cgi-bin/articles/200502210700078089I.html

SDM - just above forecast
http://www.uk-wire.com/cgi-bin/articles/200502210700088094I.html

FOUR - making all the right noises?
http://www.uk-wire.com/cgi-bin/articles/200502210700118108I.html

TRX - sounds like they've had a good first year. Lurrvly chart
http://www.uk-wire.com/cgi-bin/articles/200502210700108102I.html

RCDO - on the comeback trail by the look of it
http://www.uk-wire.com/cgi-bin/articles/200502210700138110I.html

Have a good day.

Morning all.

Long NBT

Out of AMO -13. Stop hit

a very quick morning all!