Martini
- 27 May 2004 22:19
 |
Calendar: United Kingdom
|
 |
United States (GMT) |
 |
Europe & World (GMT) |
Eldridge Pope (I),Fuller Smith and Turner (F), Plasmon (F), Axon (AGM), HSBC (AGM), Network Limited (AGM), Peter Hambro Mining (AGM), Prezzo (AGM), Royal and Sun Alliance (AGM), Ulster Tv (AGM), Anite (Trading)
BBA April Mortgage Lending (08:30)
|
14.30 Personal Income
14.30 Personal Spending
14.45 Mich Sentiment-Rev.
|
|
jj50
- 27 May 2004 23:02
- 3 of 56
Evening Martini - appreciate the info. Tomorrow will be the end of a long week for you.
vasey
- 27 May 2004 23:50
- 4 of 56
I would just like to encourage a few of the lurkers who clearly read these threads to post a few words today. Most of us won't bite and it is only when lots of people share their views that a good debate can get started. So, be brave; let us know you are out there and post something......start with 'hello!'
dotel
- 27 May 2004 23:55
- 5 of 56
well...hello
brockman
- 28 May 2004 00:29
- 6 of 56
Hello, hello, v..... I popped back to pay my respects to Croc initially, got caught up reading some threads, then whoosh, it very quickly becomes addictive and its Coronation Street all over again. Take care, Brocks
vasey
- 28 May 2004 00:34
- 7 of 56
Much more fun to take part than just watch from the sidelines, Brocks.....I lurked for months before I garnered the courage to add my first comment. Now you can't shut me up!
dotel
- 28 May 2004 00:37
- 8 of 56
True, true
vasey
- 28 May 2004 00:39
- 9 of 56
OK, I've had the odd glass of wine in Poochy's.... so shoot me! Maybe I should go to bed....
amberjane
- 28 May 2004 00:42
- 10 of 56
Nah, have another one, it's been a long week.
Finally managed a trade today.....a sell at 4.20 so will be up early to spend again. Goodnite all
Kayak
- 28 May 2004 02:23
- 11 of 56
Mamma mia Brocks! Long time no hear!
Bullshare
- 28 May 2004 05:50
- 12 of 56
morning all
ThePlayboy
- 28 May 2004 07:06
- 13 of 56
FRI FTSE PP
R2 4492
R1 4473
PP 4451
S1 4432
S2 4410
Ftse closed above its pp on thu and gained .9 in the auction, still trading the 4400/70 range, uptrend intact off the Wed low, pos break down at the pivot to keep an eye on, dow finally over 10120 but ftse still sub 4470, dow close above 10200 may give the ftse some impetus to challenge the highs again imho if uptrend stays intact!
ThePlayboy
- 28 May 2004 07:06
- 14 of 56
Updated 5/27 for Friday's market.
Key DOW Levels for 5/28
UP Above 10,230
DN Below 10,150
Upside Break
Dow breaks consolidation to upside, trends higher for the session.
From prior commentary, "...The fact that the Dow has formed a consolidation at the highs implies a likely continuation in the medium term. An upside break through the top of the range at 10,130 will likely spark such a move tomorrow..."
The Dow got the upside break through the top of the tight consolidation at 10,130 this morning, sparking another sharp advance, as seen in the 15 and 60 Minute Charts. The Dow held strong for much of the session, gaining 95 points by the Close.
The 15 Minute Chart shows the Dow looks to be forming the framework for another continuation pattern at the highs of today's upmove, which is bullish. Look for the index to hold within the boundaries of 10,150 and 10,225 before another solid move is seen. A break from this range will likely make for another solid move in the direction of the break.
Short Term Dow
Short term, the Dow has formed a clear trend line beneath the lows of the recent three-day upmove, seen in the 5 Minute Chart. A downside break of the line at 10,170 will likely make for weakness tomorrow morning.
Medium Term Dow
In the medium term, we entered the market Long this morning at 10,191, but stopped out at the entry due to the Breakeven Rule. We are still out of the market and will watch 10,230 up, and 10,150 down; using 20 point stops.
NASDAQ & S&P
The S&P and NASDAQ each moved higher out of their respective ranges this morning, making for strength for the session. Look for another continuation pattern to form to indicate further strength. *
Summary
The Dow got a solid upside break from the consolidation this morning, which sparked strength for the session. The Dow should be considered bullish at this point, especially if it continues to hold above 10,150. A break of this level will indicate a likely pull-back within the current uptrend.
ThePlayboy
- 28 May 2004 07:06
- 15 of 56
daily
ThePlayboy
- 28 May 2004 07:08
- 16 of 56

Break up a possibility today with those higher lows imho
ThePlayboy
- 28 May 2004 07:08
- 17 of 56
hijeff
- 28 May 2004 07:33
- 18 of 56
morning,japan adds 240,000 new jobs in april.how will that help us? well burberry for one dose more trade in japan than elsewhere.
the market here should be strong all morning.presently long BB. and short SPW.
jj50
- 28 May 2004 08:03
- 19 of 56
morning all. lots of info to take in this morning.
Martini
- 28 May 2004 08:27
- 20 of 56
Morning all - good hunting