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Martini,

A fitting tribute, and one Croc himself would have appreciated, I'm sure.

Thanks,

Andy.

Thanks Martini

morning all

Updated 5/26 for Thursday's market.
Key DOW Levels for 5/27
UP Above 10,150
DN Below 10,075

Consolidating
Dow holds at highs, forms tight consolidation.

From prior commentary, "...An upside push through 10,150 will likely make for a steady rise toward the upper boundary of the range at around 10,400. The Dow could form a continuation pattern at the highs before another move is seen..."
The Dow traded sideways the entire session today, forming a tight consolidation at the highs of yesterday's upmove, seen in the 15 and 60 Minute Charts. The index lost a mere 8 points, but held steady within a very tight 50 point range, setting up for a likely move tomorrow.

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. Otherwise, a downside break from the range at 10,080 will likely make for weakness back within the wide trading range.

Short Term Dow

Short term, the Dow has formed a tight range at the highs of the recent upmove from 10,090 to 10,130, seen in the 5 Minute Chart. Watch for a break from this range for direction at the Open.

Medium Term Dow

In the medium term, we are still out of the market and will watch 10,150 up, and 10,075 down; using 20 point stops.

NASDAQ & S&P

The S&P and NASDAQ each pushed sideways the entire session today, forming clear continuation patterns. A break from the ranges will likely make for movement tomorrow. *

Summary

The Dow ended the day within the boundaries of a very tight consolidation, seen at the highs of the recent upmove. Look for further sideways movement at the highs until a clear and solid break occurs. Such a break will likely lead to a swift move in the direction of the break.

15

60

daily

THU FTSE PP

r2 4483
r1 4461
pp 4438
s1 4415
s2 4393

Ftse closed above r1 on wed and gained 1.9 in the auction! Had the breakout of the daily downtrend at 33 on weds and closed on thu pp, s1 and r1 also perfect for the highs and lows of wed, all down to the dow to stop sloshing about and give clearer direction on a break of 10080 down or 10120 up imho!

Morning all

morning all

I see the shareholder take over of ETL at the beginning of April had done nothing to help the company. I know its early days but things seem to be caotic....

After an hours trading

Top % gainers

MDW Mediwatch 34
MRG Mercury Recyc. 13
NTX NXT 9
ZOO ZOO Digital 9
OYS Oystertec 7
MXC Matrix Comms. 6
CEL Celsis Intl. 5
AUT Auto Indemnity 5
SUH Sutton Harbour 5
FAN First Artist 4
HVN Harvey Nash GRP 4
TWT Telewest Comms. 4
BOOT Boots Group 4
WLN Wellington Hds. 3
CST Constellation 3
VTS Vantis 3
PRSC Pressac 3
AUK Aukett Grp. 3
WLW Woolworths 3
GLA Galahad Gold. 3
LAC Lawrence 3
RPP Ringprop 3
TAD Tadpole Tech. 3
OXB Oxford Biomed. 2
PGB Pilat Media 2
MT. Mytravel GRP 2
DES Desire Pet. 2
DCG Dairy Crest 2
HHO Highbury House 2
IDS Ideal Shopping 2

Top % losers

AFA AFA Systems -18
BGYA Br.Energy 'A' -16
CFP CFA Capital GRP -10
FLG Flightstore -10
CMO Comino GRP -9
QTR Quiktrak -9
CBF Cobra BIO-Man. -8
TMH TOM Hoskins -8
BTL Bristol&LDN -7
GON Galleon Hldgs -6
PBH Prestbury HDS -6
WDNY Widney -6
WTH Water Hall GRP -5
CMH Chamberln.H -5
TMA THE Market AGE -5
LDC London Asia -5
DWSN Dawson Intl. -4
CDN Caledon Res. -4
LTS Litho Supplies -4
PFL Premier Farnell -4
BPRG Bioprogress -4
CLC Clinical Comp. -4
SSL SSL Intl. -4
CFL Contentfilm -3
PBE Probus Est. -3
LPA LPA Group -3
RCDO Ricardo -3
ASC Asos -3
KLR Keller Grp. -3
AMR Armour GRP -3

Volume leaders

VOD Vodafone Grp. 62,975
HSBA Hsbc Hldgs.UK 47,350
BP. BP 44,467
BARC Barclays 43,584
BOOT Boots Group 24,792
BT.A BT Group 23,190
HG. Hilton Group 20,384
RIO RIO Tinto 19,264
AAL Anglo American 15,568
BG. BG Grp. 13,415
BLT BHP Billiton 11,386
BSY Bskyb 11,163
GSK Glaxosmithkline 10,471
RBS Royal Bank Scot 10,451
LLOY Lloyds TSB Grp. 10,227
SHEL Shell 10,161
AZN Astrazeneca 8,565
CWG Canary Wharf 7,746
HBOS Hbos 7,741
XTA Xstrata 7,418
NGT National Grid 7,125
ICI Imp.Chem. 7,113
STAN Stand.Chart. 6,835
IHG Intercon. Hotel 6,145
MKS Marks & Sp. 5,944
OOM Mmo2 5,751
EMG MAN Group 5,393
TSCO Tesco 4,362
CW. Cable & Wire 3,923
ULVR Unilever 3,731

Morning all

tx again martini, a fitting tribute

Just noticed the S+P futures!

Martini - thanks for keeping things going - it is appreciated
(brought you in a do'nut fresh from the tea-rooms to say thanks)

Ok so why are we slipping backwards? It all started really well,
but seems to be loosing steam..let's hope some momentum is
maintained for the rest of the morning.

Little Woman - just noticed ULVR at 501.50p - highly tempting....

Where's Melnibone these days by the way?

No idea, perhaps taking a holiday.

I have ULVR on my watch list too, so tempting... I seem to think I purchased @ 490'ish before. May check out a few dates later.

Have to go out for a couple of hours.

If it helps I remember the last lot, back in Nov. I think, we both
independently bought in around the same time - within a couple of
days of each other - at around 493p I think...but a dip to below 500p
will be hard to resist at this stage.

morning all.
tks to martini and all the posters who i am sure will keep the legend going and forsure davids spirit is ever present here with us.

Had time to ponder a bit the last couple of days about what I trade.
In the last few weeks I have found it much harder to find a compelling trade in the markets, to the extent I have traded very little.

Have also listened to a few commentators all of whom seem to have conflicting views on the markets but all are sure that we are now in for a lull with the Euro Footie, Ascot, Henley and Wimbledon all approaching

I have increasingly noticed that the constituents of Stock Market Indices are not performing in alliance with each other and that we are now seeing much more of a Market of Stocks. This is highlighted by some strange and large movements in volume in individual stocks particularly BT and VOD last week both of which had some huge volumes on individual days when other stocks had a diminished volume. Likewise ICI yesterday .

As a result I am ignoring the FTSE 100 Cash and Futures Indices and more and more looking at Sector indices as they tend to have a better correlation to what is actually happening.