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Traders Thread - Wednesday 7th January (NXT)     

Crocodile - 06 Jan 2004 21:18

Premarket Futures FTSE +3 DAX +8 DOW +4 S&P +0.4 Nasdaq -0.5

1 Day 2 Day 5 Day - UK News

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FTSE 250

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FTSE Small Cap

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FTSE TechMark

1 Day 2 Day 5 Day  Futures  US News

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Nasdaq 100

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S&P 500

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S&P Futures

DAX / CAC    Euro News

Nikkei +-   Hang Seng +- Asia News

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10 Year Bond

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UK/US charts have 1,2 or 5 day views. and now FT NEWS & Price link to UK, US & Asian markets. The Dax/CAC and Nikkei/Hang Seng are now switchable
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US Tech stocks managed small gains while the Dow struggled all day finishing down 5.

Glaxo is having a dispute with the U.S government over an extra tax claim for 2.7 billion tax + interest.

Smiths Engineering downgraded this morning.

Marshalls maker of concrete block paving said its pre-tax profit for 2003 would be in line with market forecasts, on sales up seven percent to 349 million pounds

Bovis Homes said that cumulative reservations were up 10 percent from a year ago, as the sector continues to benefit from the buoyant UK property market. "The housing market during the past six months has been strong enabling the group to increase both sales rate and profit margin compared with the first half year,"

Carillion said trading had continued in-line with expectations and it expected to make annual profit of at least 50 million pounds. The decision by Network Rail, to take rail maintenance in-house would cut operating profit by around seven million pounds in 2004 and by 15 million pounds in 2005 and beyond.
ukf.gif Calendar: United Kingdom
usf.gif United States (GMT)
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CRH Trading Statement

Travis Perkins Trading Statement

10.30 Dec NTC , Deloitte & REC Report on Jobs

 

Peugeot-Citroen (Sales)

11.00 Dec Industrial Confidence 6.0 exp. 11.00 Dec Economic Confidence 96.2 exp. 11.00 Dec Consumer Confidence 15.0 exp.

Ex Dividend: Allied Domecq (8.7), Aveva Group (1.8), Care (1.9), Character Group (2), Christian Salvesson (1.2), Connaught (5.1), G(8), Halma (2.44), Hornby (8), Nord Anglia Education (2.92), Pennon Group (13.2), RM (3.4), Renold (1.5), Scottish Radio (13), Shaftsbury (2.54), Topps Tiles (15.4), Whitehead Mann (3)

Croc@SnappyTrader.com  WWW.SnappyTrader.com

Bloomberg TV

Futures

Pivot Calc

HTML Editor
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Melnibone - 07 Jan 2004 15:31 - 20 of 25

That sounds better little woman.

Seeing as this is going to run and run for a couple of years,
what's the market going to do?
Depress the price for two years? Lol.

In a perverse sort of way I'm hoping that the market does
punish the price so that I can get my next 50% for a really
stupid price and bring my average price way down.
Not sure if I'll get it though, the oil stocks are losing
a larger percentage than this today and all they're suffering
from is Brokers waffle.

We live in hope.

Melnibone.

Melnibone - 07 Jan 2004 15:49 - 21 of 25

draw?movingAverageString=%2C60%2C200&mod

LGEN looks like it's just completed a lower swing high and has
already dropped to the 60 Day EMA.

It will be interesting to see if the next swing low is above
or below the last one at 96p.
This will help to confirm whether it is now in a Bull or Bear
trend. I'm still uncertain at the moment which is why I'm
staying away from it.

Melnibone.

Melnibone - 07 Jan 2004 15:57 - 22 of 25

FTSE is now around 20 points away from the top of the old
trend channel(circa 4450).

If it drops through this then 4400 will be next support.

Earnings season kicks off in the US tomorrow starting
with Alcoa. Earnings will determine whether we start a new
leg up or start a retracement.
UK should follow the US lead unless we get a disconnect.

Melnibone.

zarif - 07 Jan 2004 16:03 - 23 of 25

NEW YORK (CBS.MW) -- U.S. stocks extended their losses Wednesday morning as an unsubstantiated rumor of an explosion in the New York area swept through trading rooms, a trader said.


"There's been some bogus rumors that there has been some kind of explosion in New York City," said Keith Keenan, vice-president of institutional trading at Wall Street Access. "It's absolutely false. A major news network is going to pick up this story before a trading desk will if there is any kind of truth to it."

"The markets sold off on that rumor. People are looking for an excuse to take profits," Keenan added.

Melnibone - 07 Jan 2004 18:19 - 24 of 25

draw?movingAverageString=%2C60%2C200&mod

Looks like you were right Testex.

It's broken a 6 month downtrend and made a higher high.

I trust you stuck to your guns and are still long. :-)

Well done.

Melnibone.

Crocodile - 07 Jan 2004 21:06 - 25 of 25

Biffa
Sorry I missed your posting re tomorrows training day
Have a look at
http://www.snappytrader.com/bigtrain.htm
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