What the Sunday Newpapers say

SUNDAY TIMES - The Harbour Club has been earmarked for sale by the Cannons gym chain - Shell is considering the sale of its stake in Intergen, the global power-station business it set up with Bechtel - Civil Aviation Authority monitoring developments at MyTravel Group after shares in the company sank to new lows last week - James Calumbo has taken back control of Ministry of Sound after a sharp downturn in its fortunes - Portfolio Products, run by Marco Pierre White and backed by Andrew Regan, is in talks to reverse into Conival, the shell company that listed on AIM last week - Several former colleagues of Clive Jacobs also appear to have sold their shares in Lastminute.com - ABN Amro, United Utilities and Scottish & Southern Energy have moved into the final stages of the 5 billion auction of National Grid Transco's regional gas transmission networks - Keith Tozi, formerly chief executive of Swan Capital, the parent company of Mid Kent Water, has teamed up with David Williams, former chairman of Waste Recycling, to form Augean which will invest in water and waste companies - Phoenix Equity Partners is backing a former director of MegaBowl in its bid to buy AMF Bowling Inside the City: - Brian Stark waits for sparks to fly at British Energy - Wait and see for recovery at Invensys. Citywire Market Mole: - Marlborough Special Situations has trebled its stake in UK Coal to 300,000 shares Agenda: - Oil exploration: is it time to look for the exit? - Grounding British Airways - The challenge of AIM - Royal & Sun Alliance: Andy Haste lives up to his name. Other comment: - Fund managers must change as investors revolt (special report) - Britain's new oil barons strike it rich (Regal Petroleum, Cairn Energy, JKX Oil & Gas - AIM: the good, the bad and the ugly - Interview David Arculus of mmO2 - Cairn Energy's lucky strike - Center Parcs chiefs must go for growth.

SUNDAY TELEGRAPH- Leading shareholders in Abbey National are demanding that Banco Santander improve its corporate governance if the Spanish bank succeeds in its 8.1 billion bid - Centrica in talks to take a major stake in a multi-billion project to transport gas from Turkmenistan through the Ukraine to Western Europe - Brooks Mileson, the owner of Scottish third division football club Gretna, is set to net around 36 million by selling his insurance business Albany Group to HelpHire - Key associates of Philip Green have been cleared by the Financial Services Authority of any wrong doing over their dealings in Marks & Spencer shares - Caspian Energy, operating in Kazakhstan, targets 70 million AIM float Equity View - Buy Smith & Nephew at 455p - Halfords at 263.5p - Pharmagene at 52.5p - Take some profits in Cairn Energy at 14.89 - Fayrewood looks good value at 126.5p - Zambesi Resources a speculative bet at 12.75p - Egg shares do not look cheap at 104p (Look Who's Trading). Business Comment: - Why the sun isn't shining on Royal & Sun Alliance's policyholders - Abbey National's agony Taking Stock with Edmond Jackson: - Why I am peeved by hedge funds making excuses (Man Group, RAB Capital). Comment: - William Morrison's shop of horrors - Business focus on Theo Fennell - Interview Tony Froggatt of Scottish & Newcastle - Profile Bruce Buck, chairman of Chelsea Village

OBSERVER  - - Royal Dutch Shell is bracing itself for a takeover bid from Total of France - Manchester United's powerful shareholders may seize control of the club without making a formal bid, according to City investment bankers - Sainsbury and Target of US in mystery rendezvous - Abbey National unions fight UK bid threat to 10,000 jobs Throg Street: - Time for a bet on the House of Fraser - BHP Billiton booms beyond China Comment: - Big profits at WPP Group hint at end of advertising slump - ITV chief temps investors with goodies - will they take the bait? - Mammon interview Philip Mountford of Moss Bros

MAIL ON SUNDAY - Midas column: - Buy Uniq at 135p Update: - NWF remain attractive Comment: - Sales at Big Food's Iceland take another dive - Trailfinders' profits for year to February fell 17% to just under 11 million - Top companies are coming under strong pressure from leading institutional shareholders to disclose the growing pay gap between executives and employees

THE BUSINESS - Sainsbury is top of US retail giant Target's shopping list - Deutsche bank supports Banco Santander in battle for Abbey National - Old Mutual tipped to launch 1 billion bid for Britannic group - Shell battles to save gas deal with Libya Benchmark: - All talk but little action at Europe's corporate greats DaimlerChrylser and Alitalia - Walt Disney: Michael Eisner is a man with nine lives and he had better hope he has one left - What will Cairn Energy do with its new wealth? Inside the Market: - Smallcap Investor: Greggs is a long-term buy - AIM Investor: Cybit Holdings could reap long-term rewards Comment: - Kremlin officials in Yukos share scandal - Vodafone and Deutsche Telekom battle for control of eastern Europe - Queen Mary 2 is an Olympic size risk for Lloyd's - Water regulators battle to force up prices even more

SUNDAY EXPRESS - Stephen Sunnuks, former boss of New Look, is being courted to lead a private equity bid for Matalan. - Abbey National unions back Banco Santander bid - Bob Ayling is the latest high-profile figure being linked to the chairmanship of WH Smith - Esporta health and fitness chain edging closer to selling its European operations. - Centrica expected to announce another price rise of at least 4% in gas prices - Sainsbury to introduce a new incentive scheme for store managers - Focus on Stelios Haji-Ioannou - All's well with Cairn Energy in the Indian desert - Debenhams gripped by a style change - Analysis. - Dotcom entrepreneur Jack Beckor has hired investment bankers to advise in an initial public offering of his latest project Onspeed. - Debenhams draws up plans for an assault on financial services

INDEPENDENT - Philip Green planning a TV advertising campaign for two of the main brands which will increase the pressure on Marks & Spencer - Interview John Roberts, chief executive United Utilities. - Camelot faces a 500 million shortfall in the money it raises for good causes because of its long-term decline in Lottery sales

INVESTORS CHRONICLETips:Buy Corus Group (CS) at 41p - Michelmersh Brick Holdings (MBH) at 74p - Attentiv Systems (ATN) at 63p - Monterrico Metals (MNA) at 386p. Sell Lastminute.com (LMC) at 101p - Nestor Healthcare (NSR) at 102p.

SHARES MAGAZINE Biotech Blockbusters ? : -- Ark Therapeutics (AKT.L) - BBI Holdings (BBI.L) - BTG (BTG.L) - Cambridge Antibody (CAT.L) - Cenes (CEN.L) - GW Pharma (GWP.L) - Neutec Pharma (NTP.L) - Oxford Biomedica (OXB.L) - Pharmagene (PGN.L) - Phytopharm (PYM.L) - Protherics (PTI.L) - Regen Therapeutics (RGT.L) - Shire Pharmaceuticals (SHP.L) - Skyepharma (SKP.L) - Vernalis (VER.L) - XTL Biopharmaceuticals (XTL.L). Upcoming Floats:- Monkton. - Belmore Resources.

Many thanks to Howard0181 for being this weeks Thoughter

Howard was a bit nervous about doing his PLUG for Francesca but hey if your going to ramp something do it well I say.
So blame me for the embedded music but if you havent got your speakers turned on its worth listening to her. Very nice.

Francesca singing American Tune is embedded in post 2 so once that has gone from your screen you will not have it playing to you all Mondays Trading day.

Good Hunting
Oxon Tune

must admit i enjoyed it.good luck to your daughters career,howard

Good evening.

Thanks to Martini and Howard0181.
Don't worry about plugging your daughter, Howard. Go for it!
It's great to see a Dad trying to help his daughter fulfill
her ambitions and dreams.

As to the markets. Not a lot's changed and not a lot happened
last week. All the Indices tippy-toed a little closer to the
cliff and had a little peek, but they're all still here.

Markets were quite resilient, IMHO, considering the effect that
Cisco, HP and the oil price should have had. Ftse is still in the
'noise' range on the P&F chart and above support.

Swing charts are still Bearish, but seeing as we've come down they
would be, wouldn't they? :-) Still think we are due an oversold
bounce.
Stuff has been going down on lightish volumes which would tend to
indicate that the institutions, which move these markets, may not be
doing a lot of selling even though they aren't buying. If they decide
to come in and push the prices up for the end of quarter figures for
September, we could see one hell of a Bear squeeze. Because from what
I'm reading, the world and it's dog is already short and the 'Herd' is
saying that the game's over. Don't like it when everyone agrees, it's
seldom that everyone is right at the same time.

Watching 4300/10800/1060/1300 on the UKX/DOW/S&P/NDX for Bearish moves.
Swing still charts say down, so until they change, I will carry on looking
for Indice shorts on the pops, and oversold, Blue Chip, UK stock longs
on the dips.

Melnibone.

Brilliant start to the week, guys.

Howard - beautiful music. My best to Francesca, and to be supporting Geno must be a fabulous feeling. I mean the guy is a god! It's that simple.

Very interesting you are trading SETSmm, Howard. I've been doing quite a few of these recently and doing quite well. I never could fathom SETS and moved to MM shares. When they first became SETSmm, I really couldn't fathom how to make money from them, but am now finding them highly profitable, both intraday and on a 2-3 day outlook as well. Their bots are so much more transparent and easier to "play" with. ;-))

As for the news, I'm very interested in the SHEL and MTN stuff. Steven Sunnocks is widely regarded as the man who turned NEW around - I know because I bought them for my better half at 53p and she did very well! ;-) In fact it was Gianni who first pointed them out to me. Ih Sunnocks has been picked to hit MTN it may be worth watching IMO. As for SHEL, well they singularly failed to get involved in any of the sector consolidation 5 years or so back, but better late than never? ;-)

So, what mish-mash of rubbish do I have?

Longs: AMT, AQP, HTG, MNZS, MNA, PLR, TIG
Shorts: RST

Hmm, a bit short of shorts by the look of it! ;-))

Have a profitable week, all!

Al
;-)

FTSE100 downtrend held for the week.On the 10day chart we have a 2 tier trend down at this moment.
Levels to watch Monday 4290-4310 for a bigger move either way, IMHO. 4330-5 to upside to take us back into early forming uptrend. Or 4270 to test bottom of down trend.
To the downside, this will start to bring into play a ten year trend I have been watching for last few weeks around the 4240-50 level.
We have bounced aggresively 3 times from the trend(97,98,01). But the one time we went through it, it was a massive move down in 2002.
Posted 10 Year chart below. Could be a big move week. But which way??? As ever, Oil will be the Key, IMHO.

Could be an interesting week. Oil as usual will be the key.

morning campers

Morning.

MPI - well on course at halfway and confident for H2.
http://www.uk-wire.com/cgi-bin/articles/200408160700049695B.html

ANC - confident depending on what the market does? Hmm.
http://www.uk-wire.com/cgi-bin/articles/200408160700069721B.html

PLR - farm-in offshore Gabon.
http://www.uk-wire.com/cgi-bin/articles/200408160700079735B.html

MRS - production update from Bulgaria. Looks good.
http://www.uk-wire.com/cgi-bin/articles/200408160700089739B.html

CCN - funding for further film production.
http://www.uk-wire.com/cgi-bin/articles/200408160700089747B.html

PDL - joint venture with BLT.
http://www.uk-wire.com/cgi-bin/articles/200408160700099748B.html

SUG - interims look OK, although upturn was slower than predicted by industry analysts - there's a surprise.
http://www.uk-wire.com/cgi-bin/articles/200408160700099751B.html

LOOK - appear to be way ahead of the game at halfway.
http://www.uk-wire.com/cgi-bin/articles/200408160700099754B.html

UTF - another profit warning. This lot really are in deep doo-doo. Woof!
http://www.uk-wire.com/cgi-bin/articles/200408160700119759B.html

CFE - losses well down.
http://www.uk-wire.com/cgi-bin/articles/200408160700129765B.html

EBR - how the hell do you ever figure out whether this kind of company is doing well or badly? Beats me.
http://www.uk-wire.com/cgi-bin/articles/200408160700189788B.html

Have a spiffing day one and all.

Could someone please explain what the 8.5.5/13.26.9 system is please

SEADOG
If you have access to the Traders room there is a thread running on it.
However if you dont here is the opening post, which gives you a flavour
M

The MACD 25/40/25 Thread (MACD)
mg - 17 Jun'04 - 10:32

Inspired by Iain's observations on the Day Traders thread I thought it might be fun to use a separate thread to highlight stocks we might notice that conform to what I have found to be an interesting indicator.

I must admit that I first started looking at the MACD a fair while ago. At the time, my favourite indicator was the MACD Histogram for trading the indices - particularly the DOW. I used the 60 minute MACDH with settings of 12,26,200. I found that the 200 setting smoothed out the histogram to give reasonably good triggers. But it was still a little unreliable.

I then noticed on one of Ruth's posts that she was using 5/8/5 settings on a normal MACD chart which she was using for day trading. I therefore, simply extrapolated to 25/40/25 to see whether it would give a more predictice/less eratic picture of what was going on.

AND - hey presto - what you get is a set of charts which provide a smoothing of movements such that - with a relatively high (BUT NOT PERFECT) degree of confidence that a change in direction is likely to continue for a reasonable length of time before the next move in the opposite direction.

I still trade the indices but needed something a bit more predictive for a SIPP that I'd just set up. I am now, principally, using the 25/40/25 for adding/deleting stock from that portfolio.

This thread is simply for fun - NAG/DYOR etc. etc. - so please, no-one follow it slavishly - 'cos it isn't anything more than something I find useful.

However, just by way of illustration, I will post, from time to time, stocks that I think look like good 'uns based on the MACD.

mg (being terribly serious - for a change)

Many thanks martini - will go to traders

Morning all.

I see we've already had a Bear squeeze this morning. The rapid rise
shows what I was talking about last night. IMHO, a fair chunk of the
declines we've had is not genuine selling, but Bears flattering to
deceive with their shorts. If the US squeezes this afternoon, as well,
then we could see the bounce I've been looking for.
How far we bounce, if we do, will decide whether this Bear trend
continues or sentiment changes to the upside. For the last quarter
we still have the US election, the Xmas rally, and the September/December
end of quarters mark-up to support the Bull case.

Ftse range is still holding. Don't 'yer' just love these markets. 'Gotta'
be the best game in the world. :-)

Melnibone.

Martini, have read the thread and found it very interesting. A number of years ago I attended some seminars by an American, Chris Manning and after three years of back testing he came up with the figures 5,35,5, with the addition that a 21 day RSI had to be above the 50 for a buy and if it was below 50 it was a sell. I monitored this for a year and found it to be quite accurate. Regards

Nice little long scalp on GSK this morning.
That'll do me until the US shows its colours this afternoon.

Back to the laminate flooring. :-(
Sigh. :-(

See you later.

Melnibone.

Afternoon all.
Does anyone know where I can get a FREE real time quote for the DAX?

's OK I found one.

Good, coz I didn't have a clue! ;-))

lol!

We got the squeeze I was looking for and now the S&P is making
heavy weather of getting back through the previous swing low
in the 1080(ish) area.

If it peters out here, after the Eurozone closes, I wouldn't
fancy holding any FTSE longs.
Now looking for signals to open NDX and DJEustox50 shorts if
this squeeze fizzles out.

Melnibone.