Crocodile
- 18 Dec 2003 23:17
Premarket Futures |
FTSE +8 |
DAX +20 |
DOW -6 |
S&P -0.8 |
Nasdaq -2 |
News: |
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U.S. stock rally continued as investors expressed optimism
about corporate and economic growth after upbeat reports on employment and
manufacturing, as well as a number of stock upgrades. Mind you this spike up
through the resistance line on the uptrend often signals the end of the
rally, as the buying becomes overheated. I am going to take out a small DOW short for a
longer term target of a 250 points fall back to 10k or
below and I will set a 75 point stop loss.
Wilson Bowden housebuilder said it expected results
for the year to meet market expectations with profits of 215 million pounds
IMI engineering firm said its second-half sales would
be around three percent higher with profits in a 136-140 million pounds
range compared to 131.5 million pounds in 2002, which included a five
million pounds pension credit.
RMC the world's largest producer of ready-mixed
concrete, said it expects its full year profit to be at the top of the range
of market expectations due to disposals and cost cutting. The company said
it expects to take a 15 million pound charge in 2003 for a cost reduction
programme. It plans to write down 230 million pounds of assets most of which
relating to its troubled business in Germany
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Calendar:
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United States
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Europe & World (GMT |
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Wilson Bowden (Trading Statement)
09.30 Bank of England Quarterly
Bulletin Released
09.30 Nov Car Production 3m/3m
FTSE Index changes effective after the close of business
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Paychex |
Europe: Kaufman & Broad
07:50 French HICP final prev.
11.00 Oct Trade Balance |
Melnibone
- 19 Dec 2003 15:23
- 29 of 36
Only just got back, seemed to have missed all the moves.
Spent this morning as taxi-driver and general packhorse
for Mrs. Melnibone and her Christmas shopping, then taxi-
driver again picking up Miss Melnibone from the station
as she arrived home for Christmas from university.
Don't yer just hate it when life gets in the way of trading.;-)
Melnibone.
namreh3
- 19 Dec 2003 15:41
- 30 of 36
What a dope I am. Assumed "Melnibone" was abbrev. for Melanie Bone? ie female.Just goes to show how wrong you can be even on the most fundamental level ion this world. (what a sad b****** I must be. Doh!)
namreh3
- 19 Dec 2003 15:42
- 31 of 36
All this and a typo
Melnibone
- 19 Dec 2003 16:07
- 32 of 36
Hi namreh3,
Sorry if I confused you.
'Melnibone' comes from a set of classic fantasy novels
by Michael Moorcock about an albino 'Prince of Ruins'
called 'Elric of Melnibone.'
If you like the current fad of Tolkien's 'Lord of the Rings',
you'll enjoy these novels.
Moorcock has been described as:
"Elric is the great original. His creator has been called
Britain's foremost master of imaginative fiction, the writer
who invented almost single-handedly, the heroic fantasy form
as the world knows it today...."
I think he's been writing these since the early 1960's.
If anyone likes the genre, check him out at your local
library, you won't be disappointed.
Melnibone.
Melnibone
- 19 Dec 2003 16:24
- 33 of 36
I can't get a feel for this now. When you daytrade, I find
that you need to watch and get 'tuned in' to the rhythm
of the cycles and see if they dovetail into your plan.
It's no good coming in cold for the last 90 Minutes, I'll
just be taking a stab in the dark.
Might as well leave it and try again on Monday.
Melnibone.
ThePlayboy
- 19 Dec 2003 16:56
- 34 of 36
MONDAY FTSE PP
R2 4449
R1 4430
PP 4410
S1 4392
S2 4371
Fri close was above the pp but lost 7.5pts in the auction! 2 day ftse chart targeting 4445 if US stays positive after Ops exp, if not uptrend brk at 4410 back to 4390!
Have a good weekend!
Fundamentalist
- 19 Dec 2003 19:34
- 35 of 36
Anyone here trade SKP - if so any thoughts on IGS stepping down as chief exec? can you post here/skp thread if any thoughts. many thanks