S&P Futures
Nikkei -278 Hang Seng +115
7:30am Futures FTSE +5 Techmark +2 DAX -5 Dow -27 S&P -2.8 Nasdaq -6
News Headlines: U.S. stocks gained for the fifth day in a row with investors confident for the start of the earnings reporting period Big Food Group owner of the Iceland frozen food chain and Booker wholesale business beat expectations after a long-awaited turnaround at Iceland. The firm said its Iceland stores achieved 1.7 percent like-for-like sales growth in the 13 weeks to September 26 after some three years of declines. Sales benefitted from the recent hot weather with soft drinks, ice cream and barbecue foods all selling well.Carphone Warehouse said it had a strong second quarter and had 140,000 customers on its new residential fixed-line service, talktalk. They said talktalk was now adding a net 8,000 customers per week, and raised its target to between 350,000 and 400,000 subscribers for the end of the year to March 2004. The company said it would take a 7-8 million pound charge to cover the costs. Mothercare said its UK like-for-like sales had risen 6.6. percent in the 27 weeks to October 4 and expected its first half results to be "substantially ahead" of market expectations. Of course this has nothing to do with me becoming a grandad .....hmmmm JJB Sports said it was in talks to sell its general retailing unit TJ Hughes, as it reported lower first-half group operating profit. It fell to 25.5 million pounds in the 26 weeks to July 27 from 34.3 million pounds a year earlier. The firm also raised its half-year dividend by 33 percent to 3.0 pence per share.   United Kingdom Calendar (F)inals (I)nterim    United States  (GMT)   Europe & World (GMT) Wed 8th October Incepta (I), JJB Sports (I) Royal & Sun Alliance (RSA). Rights Deadline for Instruction Big Food Group Trading Statement Carphone Warehouse Trading Statement Mothercare Trading Statement Genetech (Q3), Yahoo (Q3) 15.00 US Aug Wholesale Inventories 0.1% exp Saab AB (Q3) Ex Dividend: ASK Central (0.4), Abbot Group (1.4), Alfred McAlpine (4.5), Alpha Airports (1), Alumasc Group (6.3), Brammer (1.5), CD Bramall (3.64), CI Traders (1.25), Clinton Cards (1.8), Close Brothers (17), Domestic & General (14.16), Forth Ports (12.1), Fulmar (1.8),Galliford Try (1), Games Workshop (12.5), House of Fraser (1.7), Informa Group (2.66), Intermediate Capital (10.5), International Energy (3.025),Irish Life & Permanent (EUR 0.15), London Security (3), Manchester United (spec cash 1.5), Manchester United (1.83), Mayflower Group (0.5),Meggitt (2.4), Minerva (2.1), Morrison WM (0.55), Personal Group (2), Rexam (7.3), Sevefield-Rowe (6.25), Signet Group (0.341), Swan Hill Group (1.75), Tibbett & Britten (8.2), Ultimate Leisure (4.34), White Young Green (3.35), Wilmington Group (1.7), Wilson Bowden (7.5) Good Trading!      david@FTSEDOW.com     www.FTSEDOW.com Futures Pivot Calculator

You're up early Mega.
Still short rtr.

snoball,

is it me up early or you up late:-)how are you keeping.

off to bed will speak again in the morning...

Take care..

Mega...

WED FTSE PP

R2 4297
R1 4284.5
PP 4263.1
S1 4250.6
S2 4229.2

Close was on Tue PP after gaining 4.4pts in the auction, close was still above my 60min and Lt sig lines so still in bull mode and in the upper FIB range. Mkt in a tight range, still feel we are turning "tops take longer to form than bottoms" so they say! Will again be watching for Dow to close below 9600 for the third day as a sign of weakness, have held off from adding to ftse short ftm, 4280 the clear upside resistance! Bullish case is Dj forming a bull flag to challenge the highs and I will be squeezed!





Updated 10/7 for Wednesday's market.
Key DOW Levels for 10/8
UP Above 9,670
DN Below 9,500

Consolidation Break
Dow gets late-day break from consolidation, gains to the Close.

From prior commentary, "...The Dow pushed slightly higher today, but continues to trade within a clear consolidation range. We will watch the range boundaries closely tomorrow, as a break from it could be solid..."
The Dow traded within the boundaries of its consolidation range throughout much of the session today, but finally got the upside break through the top of the range late in the day, seen in the 15 Min Chart. The upside break at 9,615 led to a solid move higher to the Close, but further upside is very likely.

The fact that the index has gotten an upside break from a bullish pennant consolidation implies a likely continuation higher in the medium term. Using the recent prior low at 9,230 and subtracting this figure from the center of the consolidation at 9,600 gives us a 370 point difference. Projecting this amount higher from the center of the consolidation gives us a target of 9,970.

Look for the index to trend higher toward its target in the medium term. However, the Dow must break through resistance at 9,700 before significant upside is seen.

If the Dow turns back down and breaks below 9,550, we could see a failure of the pattern and a subsequent push lower.

Short Term Dow

Short term, the Dow has formed a tight consolidation at the highs of the 1 Minute Chart from 9,635 to 9,650. An upside break from the consolidation is implied tomorrow morning, but watch for a break either way to indicate direction at the Open.

Medium Term Dow

In the medium term, we are still Long the Dow from 9,381 and will continue to hold stops at 9,525. We will stay Long above 9,670 and will look for Shorts below 9,500, with 10 point stops.

NASDAQ & S&P

The NASDAQ has formed an upward-sloping consolidation, while the S&P has gotten an upside break from its bullish range. Watch for the NASDAQ to push higher alongside the S&P until the lower trend line is violated. *

Summary

The Dow continued sideways for much of the session, but ultimately got the upside break from the bullish consolidation late in the day. Look for the index to continue higher after the break, especially if resistance is broken at 9,700. Otherwise, a break back below 9,550 could spark a retracement.

Morning early birds

Morning All...!

Closed sage and misys...was short on them...just in case...phew...

This morning still long Colt and CWG, hopefully bid should go through some time very soon...

have a nice day all...

Lost 1p Granada

Thanks Jules
Amersham takeover took 15 points
Made up for my bad Granada trade this morning

I feel very plsed to have the CLOSED shorts even if the spread was unfavourable...but would have been a lot worse now...was not expecting DOW to go up so much again last nite...

sage closed at 1.78 -in profit

and Misys 3.09...- in loss..

made a slight loss overall, but overall right thing to do..

Still learning CFD's - down on DOW at the moment...hopefully that wil be corrected in profit take when dow falls back...
COLT taking it's time...

Now long KCOM...

good luck all...

Jules99

FTSE at its year 3 year downtrend resistance line. (4280)

my rtr short looking a bit sad.
i have a stop in, so i will leave it and let the market decide.

COLT MAKING A long awaited COMEBACK...!

Snoball, reuters I expected to go up today, due to rise in dow...dont hold any myself at the moment...could go either way today and tomorrow...

wishing you luck as always...

Jules99.

bad luck snoball
The FTSE is overbought against its 3 year down trend so some sellers may start to come back

deal all

have seen AMERSHAM zoom today - any pointers as to how we spot these opportunities? i don't actively follow this share so am not sure if there has been lots of press coverage of possible 'bid'. were there any early indicators, like huge volumes, MM buys, etc. yesterday?

all views welcome.

t.

There has been heavy buying in the share over the last couple of weeks. Notifiable amounts.
D.

For all CWG holders...interested..

Canary Wharf Group PLC
08 October 2003



NOTIFICATION OF MAJOR INTEREST IN SHARES

On 7 October 2003 pursuant to Sections 198-202 of the Companies Act 1985, Canary
Wharf Group plc ('the Company') was notified that Deutsche Bank AG and its
subsidiary companies had a notifiable material interest in 26,464,089 ordinary
shares of the Company (representing 4.52%* of the Company's issued share
capital). It was further noted that part of this holding may relate to hedging
arrangements for customer transactions.

Note:

*As at 7 October 2003, the Company had an issued share capital of 585,008,225.



Dated: