hope so mate...

Good morning traders!

In Asia today, the Nikkei closed down 222.83 points at 16,096.21, while the Hang Seng ended the morning down 27.63 points at 15,692.73.

Oil prices were flat with New York's main contract, light sweet crude for delivery in April, up just 2 cents at $62.19 a barrel from its close of $62.17 in the US overnight.

Early broker notes:

BSKYB CUT TO 'IN-LINE' VS 'OUTPERFORM' AT GOLDMAN SACHS
BG DOWNGRADED TO 'UNDERPERFORM' FROM 'IN-LINE' BY GOLDMAN SACHS

Happy trading!

G.

morning all

Good morning all

DES 37 - 39
A lot of activity yesterday, on rumours of the rig being secured, but yet no confirmation this morning so plenty of profit taking.

On the other hand the shares have done a cup and handle and now look positive

Cup and Handle
A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.

As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off. Below is an example of a cup and handle chart pattern:



A couple points on trying to detect cup and handles: Length - Generally, cups with longer and more "U" shaped bottoms, the stronger the signal. Avoid cups with a sharp "V" bottoms. Depth - Ideally, the cup should not be too deep. Also, avoid handles which are too deep since the handles should form in the top half of the cup pattern. Volume - Volume should dry up on the decline and remain lower than average in the base of the bowl. It should then increase when the stock finally starts to make its move back up to test the old high. Retest (of old high) - doesn't have touch or come within a few ticks of old high. However, the further the top of the handle is away from the highs, the more significant the breakout needs to be.

a wee short on UKX@54 s/l on

BVIC 230 +8p

said "keep an eye" last week at 215.5p

bouncing from large drop recently, trying to go over the gap

Midday Market Summary

UPS (Added by Master RSI on Thu 16 Mar 12:50 pm)

AXM - Mid 26.75 -27.50p

Reason - This copper, gold and silver exploration company with projects in Argentina and Peru is moving higher lately on the chart (uptrend) has good cash balance of 19M well over half the market cap

Hi
Can anyone explain(purely interest)why there have been 100's of trades of 10-40 shares on VOD.

       LUNCH TIME FUN

torquay

re-VOD
no idea, but if they were "AT" trades then is the computer doing the trades as it is "SETS" stock

I just have notice plenty of "W" trades on strange numbers of shares 40, 41 mainly but also 43, 39 and even 1

End-of-day Market Summary

UPS (Added by Master RSI on Thu 16 Mar 04:07 pm)

GGG - 5.75 - 6.25p+0.125

Reason - It looks like reaching bottom this morning on the chart, Indicators at oversold and SP at lower Bollinger Band



Large delayed trades 500K "T" Trade + 100K +40K at the end of the day after 3 small sells that brought the offer down to 6p and encourage the buying

           JOKE OF THE DAY

The patient's family gathered to hear what the specialists had to say.

"Things don't look good. The only chance is a brain transplant.
This is an experimental procedure.
It might work, but the bad news is that brains are very expensive,
and you will have to pay the costs yourselves."

"Well, how much does a brain cost?" asked the relatives.
"For a male brain, $500,000. For a female brain, $200,000."

Some of the younger male relatives tried to look shocked,
but all the men nodded in understanding, and a few actually smirked.
Then the patient's daughter asked, "Why the difference in price
between male brains and female brains?"

"A standard pricing practice," said the head of the team.

"The patient's family gathered to hear what the specialists had to say.

"Things don't look good. The only chance is a brain transplant.
This is an experimental procedure. It might work, but the bad news is that
brains are very expensive, and you will have to pay the costs yourselves."

"Well, how much does a brain cost?" asked the relatives.
"For a male brain, $500,000. For a female brain, $200,000."

Some of the younger male relatives tried to look shocked, but all the men
nodded in understanding, and a few actually smirked.
Then the patient's daughter asked,
"Why the difference in price between male brains and female brains?"

"A standard pricing practice," said the head of the team.

"Women's brains have to be marked down because they're used."
have to be marked down because they're used."


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