Premarket Futures

FTSE -40

DAX -54

DOW -50

S&P -5

Nasdaq -10.5

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News:	Sorry Your browser is not java capable
BIG fall if far east stocks and futures Imperial Tobacco the world's fourth biggest tobacco firm, reported a 40 percent rise in annual profits to 898 million pounds for the year to September 30 at the top of analyst forecasts of 867-898 million pounds and said it was well positioned for future growth. They are going to pay a higher dividend.mmO2 mobile phone group made its first operating profit with a strong rise in underlying earnings and a 13 percent increase in customers to 19.2 million, though it forecast tougher competition in the second half. Earnings before interest, tax, depreciation and amortisation rose to 621 million pounds compared with 387 million last year and a range of analysts' forecasts between 544 million and 657 million pounds. Revenue rose 21 percent to 2.68 billion pounds, in line with forecasts. Galen Holdings said it had won approval from U.S. regulators to sell a new version of its Ovcon oral contraceptive pill. JJB Sports said it had sold its TJ Hughes discount clothing stores to the unit's management for 55.8 million pounds in the face of scepticism from investors Majestic Wine reported a 42 percent jump in half-year profits on Monday and said like-for-like UK sales rose 7.5 percent in the six weeks since September 30. Profit rose to 3.96 million pounds in the six months to September 29, from 2.79 million pounds the previous year. Sales grew 21.8 percent to 69.1 million pounds. Chrysalis radio full-year profit soared to 23.9 million pounds from 5.8 million pounds a year earlier, citing increased market share at Heart FM, now London's most popular radio station. Turnover climbed 4.5 percent to 246 million pounds and it expects first-quarter radio revenues to increase 17.5 percent from last year.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT
Alliance Unichem (I), Aviva (I), BurtonWood Brewery (I) Majestic Wine (I), Mice Group (I), mm02 Murray International Trust (I), WPP Group (I), Cambridge Antibody (F) Chrysalis (F), New Diploma (F), Imperial Tobacco (F) MyTravel (Update), TripleArc (Update)	Toys R Us 1:30 Business Inventories Sep - 0.2% 1:30 NY Empire State Index Nov - 30.0	E.ON German utility following consolidation of UK power firm Powergen and German gas importer Ruhrgas

Croc@SnappyTrader.com  WWW.SnappyTrader.com

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Little Woman - buy you a coffee in the tea rooms? Are you having a
relatively good day?
On reviewing my last post and the comment on what's upwardly mobile
not being attractive..This could be read in an interesting light when
applied to other life areas (and explain a great deal too)
Ah...A hearty laughing session is good for the soul!

Be over in a mo

littlewoman :
time for a nice iced lemon tea to cool down the brain b 4 getting on the dow.Going to watch from the sidelines first.
Ps: you are quite right i have no idea what ntk98 is ranting and raving on about - he/she was on last weeks thread posting there until i told him to use the 17/11/03 -maybe should have left it there.

rgds
zarif

zarif any views 4 today dows got the feeling of futs been marked down a little 2 far propen.imho

i think u r right - but reckon its going to fall a bit then travel north.
watch out for whipsaws -sharks as i call them.
good luck and keep us posted. trin at 2.30 was 2.9

Heads Up - my screen is showing less in the red and more greens
are we stablising slightly..?
Sorry the brain will not spell accurately today!

I've put have a second screen of the heat maps on the FTSE up - more blue than this morning!

Going to play with some of the options!

Looks like SSE was the place to put your money first thing!

9700 gone on the Dow.

Now we'll see how good these support levels
on FTSE stocks are.

Melnibone

I agree with all reagrds the Far east problem. I mean if taking time to research is fine, but cutting loss today if a bad idea, MM use scare tactic as well to marke down price, increse spread react today you loose a lot. If ever intend to cutting any thing we should do regularly but not today. Obserse closely what happen and prepare to take measure agaisnt a market crash is OK, crocodile, but that should be the last thing on our mind.

If looking back all the crash of economie cause by a wave of sells, not because of the problem in 1rst WW, 2nd WW make a certain stock less valuable, the cause of price failure is IMO panic sell, in modern time it worst because one phone call, or now only a finger tips or in comecase trading system with stop loss could alone be enough to trigger instability of the stock market. Or would you think the Falkland war would make Tesco, safeway and saint burry or pub or hotel in London look less attractive. How come that most people think war is at fault? price of those share can fall temporary but after war it would rise back there. That there is a necessary for taken care and in the worst case sell erything you have is not cause by war but caused by a wave of panic selling which erode the share price ungenuine ly so much that after ware thing take long to recover, and that is the reaon you have to swimm with the p[anic wave even you don't like. But not because of war, because of the assaination of somepresident etc ...should have no effect on productivity, share value at all.

The war in Irak, on the one hand is a stupid contruct war base on unbelieveable agent report, unprepared information activity, and UK plus USA have to take the batter at the moment for going to war in such a bad manner even WW veterans will be shocked for seeing what the modern war machine is capable of ... nothing much ; on the other hand it is a justice war, a regime which terrors their own people is not worth a dime to be support. No argument on souverainity, independence, ideology or humanity or peace process can protect such a regim or critisize so who ever chase that regime down in a war form, or poliical form deserve the right to be partly forgiven for its mistake in the whole.

OK the west haven't been acting right and after what ever happen they own people a appology but on the other side the people should never let their sentiment cover their intelligence and say that regime is bad, they are killer let sit down and talk with them they must admit it won't work for how long already.

It is the face of the whole world against such a regime or who evrr still want to support it , how long have they sit on their hand let thing in Bosnia, former Jugoslavia, Ethiopean, Kongo, last for decade and let the humanity suffer before some countries decide to stand up and stop the devils. I think a political union will forms soon

Therefore the war in Far east has nocause to crash the market, if people know and just not jump to conclusion and start the panic selling of all

MKS down to 279p.

If it closes below 278, and the US continues to drop
after the FTSE closes, then I see a lot of fresh air
below this stock.

Melnibone

and market is better now buyers are comming back.... wonder are they the same who sold in the morning. well probaly ?77 loss on a position for a stock of 10% spread is nothing if you care about a 10K investment

look at OYS panic sell will come back soon.

Look at AZN great stock great news currently down -0.1% potential when this non-sense of panic selling went over. ZOO and YOO great potential,

Stockbunny, as most of threads are getting lost (because there are now so many) you may as well just post on this thread.

Personally I won't pay for crest membership, but have 2 on line nominee accounts. One with comdirect (who if you are going to hold the shares for a while will register you so that you can vote etc.) and the other with Hoodless & Brennan which I use for all my short term trading. I'm using Comdirect less & less as HB have recently increased/improved the facilities on the account and charge only 7 a deal against 12.50 a deal with comdirect. Also with HB, dividend certs come direct as they register my account no with the nominee details. I don't know if everything else comes automatically, because I've never held a share long enough with them! (They also gave me one month with no brokers fees trading, which was very useful).

ntk98

Don't worry about it, a lot of stop losses have kicked in. We often have a 2 day correction followed by a week or two of recovery! (and each the recovery is better than the last time!)

Yes

I am not very concerning regarding current situation, will recover soon, little woman,

Day like today are great only for MM. On one stock CWV I could see that phenpomena of destroying stop loss. Price sank nesarly vertical 35% down stay down for 5min and came back to normal level. It was not the first time, therefore usually I do research before buying stock, I check TA to see prive level pattern, then I check on News coverage, then check FBB, check for fundamental cash debt, product management problem via news, compare tips, check present of certain follower groups, concentrate on cause for down in the chart and check how FBB behaves when price decreases, then the last is come back to TA check should I buy immediately or rather wait. after all, set stop loss 15 % and on critical day, it is me who has the finger for trigger stop loss and not any automat .... saw few times automatic got wrongly triggered by MM already. after all that I must be very desperate to decide a sell with loss or non profit, well it slow and some time I miss a fast, vertical upjumping profit but I make less mistake buy buying too high, and never have no trust in stock I keep, when short termer comimg round and badmouthing the stock to bring people in to panic sell.

In previous msg I mean

look at OYS. panic sell and MM game. will recover soon soon.
"
Look at AZN great stock. great news. currently down -0.1%. great potential when this non-sense of panic selling went over. ZOO and YOO great potential"

SSE was tips today but I think GAL, AZN and AZM has better chance long term
GAL for new version of its Ovcon oral contraceptive pill,
AZN for Symbicort Turbuhaler, current world market for fixed combination asthma
products is estimated to be worth 3.5 bln usd.
AZM for Grant Of USA Patent For ATL-962 For The Treatment Of Obesity And Related Disorders

all the three products of these company are practically responsible for life and death ,imo, and will run for profit for at least 10 yrs if not longer, until something else can replace them

Hi Croco,

where are the tips this time could you please put back in? could we have on the same day IC, or SM come out. Thanks

ntk98
Welcome, will do my best :-)

thanks

I suppose to scan through the whole FFB, advfn, MoneyAM,iii, to see reaction, intersting thing and i saw your thread ...stay very long in here, I must admit. So the two attacks I send today to call some one posting on your thread seem not to work, or people prefer to keep quiet regarding that truth.

You start the discussion what do you think? will people express their opinion there? I am a foreigner and I think answer to your question will be very complex in order to make sense for a pro or contra pattern, TA etc I am young in this "business" but somehow I think I am not too wrong

11/17:Continued decline broke the lower trendline and the late day rally has done a 'back-kiss' of it.
Not a complete 5 wave pattern down here yet, and the tentative labels shown say we drop again tomorrow in wave iii of (iii) to much lower levels.
Alternate count is that this is the start of wave (iv) here, and a sloppy sideways day tomorrow would sway things toward that interpretation.
Futures are flat as I type this, so no indication there of anything dramatic.
9500 is the next test, with the 9230 level still the most likely target of this initial leg down.
Stops at 9900 until there's enough pattern to the decline to make a better call.


Updated 11/17 for Tuesday's market.
Key DOW Levels for 11/18
UP Above 9,750
DN Below 9,625

Expanding Range
Dow trends down to lower boundary of range, reverses late in session.

From prior commentary, "...The index stayed within the boundaries of the expanding range today and will likely continue trending down toward the lower boundary of the range at around the 9,650 level..."
The Dow opened the session down and continued lower throughout most of the session, eventually PRECISELY reaching the lower boundary of the expanding range at 9,650, seen in the 15 and 60 Minute Charts. The Dow then began to show strength off the 9,650 level late in the session, and subsequently staged a sharp upmove to the Close, ending the day lower by 62 points.

The Dow held at the lower boundary of the expanding range today, but the Daily Chart shows that the index also held at the major lower trend line that has remained in tact since March of this year. This has been a solid long term trend indicator and the fact that the index didn't stay below the line indicates the possibility for another rally within the trend. An upside break through 9,750 tomorrow will likely spark another move toward key resistance at 9,900.

However, if the index turns back down and breaks the major lower trend line at 9,625, look for a much larger retracement. That is, 9,625 is a very strong fulcrum level, and a break of this level will signal the probability of lower movement ahead.

Short Term Dow

Short term, the Dow has formed a tight range at the highs of the 1 Minute Chart from 9,695 to 9,730. Watch for a break from this range to indicate direction tomorrow morning.

Medium Term Dow

In the medium term, we entered the market Short this morning at 9,704 and stayed in the position throughout the session before stopping out at the entry just before the Close due to our Breakeven Rule. We are out of the market and will watch 9,625 down, and 9,750 up, with 20 point stops.

NASDAQ & S&P

The NASDAQ and S&P each trended lower throughout the session before staging a late-day rally to the Close. The NASDAQ held at its key lower channel boundary, which will be key in the medium term. *

Summary

The Dow trended lower the entire session, but held at key lower trend lines, which pushed the index higher to the Close. An upside break through 9,750 will further extend the upmove, while a break of 9,625 will indicate an even greater decline is likely to follow.



TUE FTSE PP

R2 4417
R1 4378
PP 4358
S1 4318
S2 4298

Mon close under s2 afer loosing .7 in the auction, all about 9650 on the dow now to brk the uptrend, ftse has already broken and closed below the bearish wedge!