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BP trading update later today but has announced it has found a new oil feed off Angola. Thus Group is on track to meet sales growth expectations this year and is set to deliver positive operating profit in the second half of the next financial year. FirstGroup rail and bus operator expects to meet sales and profit market estimates adding that its finance director was stepping down. Regus reported positive 2003 earnings of 3.8 million pounds compared with a loss of 22.9 million pounds in the prior year and said trading had continued to improve going into 2004. Pilkington said its annual operating profit would be around last year's level, in line with its expectations but trading conditions remained challenging, but that it was benefiting from an efficiency drive. Scottish Power said it was trading in line with expectations, and added it had received 400 million pounds in cash from its hedging strategy. Ashtead equipment hire fsaid it planned to raise 130 million pounds from a high yield bond offering, as it reported a drop in 9 month profits to 4.5 million pounds against 8.8 million previously

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James Halstead (I), Paramount (I),4imprint (F), AG Barr (F), Alexon Group (F), Chepstow Racecourse (F), Emblaze Ltd (F), Melrose Resources (F), Metal Bulletin (F), MSB (F), Orad Hi-Tec Systems (F), Wellington Holdings (F) BP Strategy PresentationThus Group (Trading), Scottish Power (Trading)Feb consumer credit, Feb M4 money supply, Q4 produtivity	The US market starts at 3:30pm GMT This Week They are not yet on summer time.	Rheinmetall AG Hannover Rueckversicherungs AG Suess Microtec AG

Data Download	Calendar	US Zone	HTML Edit		Currency Calc		Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE Unch	DAX +10	DOW +25	S&P +2.4	Tips & Recommendations

Afternoon all

I don't think I'm going to do much next week, very much a wait and see week.

Thanks all, final news update just posted.

Evening all,

Swing and P@F charts still showing down, so still looking to
short Indice pops.

As Croc points out, US not open until 1530 hrs.
As UK follows US lead, this only gives it 1 Hour a day to
make its mind up. As US wlll mess about for the first hour
as positions get squared off and direction established, I would
expect there will be a strong possibility of gap opens from
Tuesday morning onwards on the FTSE. With Bulls and Bears locking
in profits from the move, according to which way it gaps, there
is a good chance of some volatile reversals giving good trading
opportunities between ranges.

I still think that the 4330/4360 range,(previous swing lows), is the
area to watch for a breakout to establish a trend. I am erring on
the side of a break to below 4300 but will be guided by the market.

Melnibone.

Hi, That dead dodgy picture on page 66 of IC has not gone unnoticed. So in return for all the advice I've picked up from this, and other 'croc' threads, I will now offer mine. Put rabbits on your head, from a distance they look like Hares.

ciao

averagedown :-)
J'espere, a bientot!

MONDAYS FTSE PP

R2 4405
R1 4381
PP 4363
S1 4339
S2 4321

Close was above the pp on Friday! 2 day chart looking for a brk above 65 for a run up to Fri highs, weakness sub 4345 imho!

WEEKLY FTSE PP

R2 4470
R1 4414
PP 4361
S1 4305
S2 4253

JUNE FTSE FUTURES PP

R2 4408
R1 4388
PP 4376
S1 4350
S2 4332


For next week my 60 min indicators have turned bullish after Thu turn, bullish bias above 4345 but need to break out of this downtrend at 4385 to have a run up, dow pos targeting 10320 imho, again weakness below 10200! Have a weekly upside target of R1! Not a totally clear picture due to is this just a reaction rally off 10k or more of a longer term move up! 4385 the big figure for next week up and 4345 down to start with, still looks oversold short term!

Have a good weekend!



Updated 3/26 for Monday's market.
Key DOW Levels for 3/29
UP Above 10,325
DN Below 10,125

Holding
Dow trades sideways, holds on to recent gains.

From prior commentary, "...Look for the Dow to hold on to today's gains tomorrow. The index will likely form a consolidation at the current highs, which is typically what happens after such a major move..."
The Dow traded sideways-to-up throughout the session today, forming a tight consolidation at the highs of the recent upmove, seen in the 15 Minute Chart. The Dow ended the day lower by just 6 points, but the fact that the index was able to hold on to the bulk of yesterday's gains is promising.

Look for the index to continue to consolidate at the highs from around 10,175 to 10,275. Such a range would indicate a likely continuation toward the next resistance level at 10,325. However, a solid break below 10,175 could spark short term pull-back within the current upmove, or more.

Short Term Dow

Short term, the Dow has formed a clear trend line beneath the lows of the 5 Minute Chart. A downside break of the line at 10,200 could indicate short term weakness at the Open.

Medium Term Dow

In the medium term, we barely stopped out of Longs this morning at 10,190, giving us a 50 point gain for the last trade. We later entered the market Long at 10,250, but stopped out with a 20 point loss. A late re-entry at 10,270 also faltered.

We are now out of the market and will watch 10,325 up, and 10,125 down, with 20 point stops.

NASDAQ & S&P

The NASDAQ and S&P each held on to most of yesterday's big gains today, leaving promise of further strength. We will now focus on the consolidation boundaries for direction Monday. *

Summary

The Dow held at highs of the recent upmove throughout the session today, forming a tight consolidation at the highs. Watch for further sideways movement at the highs before the next run.

Thanks TP
Morning all

Morning & Thanks all,

I see there are lots more things to check out. I seem to only have time a weekends now to work!

Long Boots, looking good.

I have redesigned the header a little to add some new features like a link to Broker upgrades, Director dealings & Newspaper Tips.. But I have removed the Nasdaq premarket futures. Also removed the pastel colours for a more Hugo Boss look 
Any ideas for improvement or comment please let me know.
D.
sgned

Hope a few of you have bought DES in the last few days...

I forgot that US have not put their clocks forward yet! So NY doesn't open for another 15+ min

Nice ramp vasey :-)

Long DOW at the moment but ready to close if it falls below +90

The Dow is really heading north - and the FTSE seems to be following it. I wonder what'll happen in the auction?

Covered DOW long, seems to have topped out.
Covered Sainsbury long as well but only +2
3rd Boots long of the day covered flat