Thanks Spaceman for brightening up my day.

Many thanks Martini as always for all the work that goes into this. Have been out of touch for a few days, so your work even more appreciated that usual!

Evening all,
Thanks to Martini and Spaceman.

I see the range held last week, but stuff still looks a little Bearish
to me.
We are still making lower lows and lower highs.
All Indices swing charts are still pointing down.
We are below the 200Ma with a dead cross on the SMA Ma's but not the EMA Ma's.
We've left 2 gap open highers behind us which stretch back to circa 4325.
We've had 3 days of higher highs and higher lows, so swing traders are now
waiting for a day with a lower high and lower low to open Index shorts.
Volumes are still low which may point to that there is still no institutional
interest and the recent bounce may just have been Bear covering and profit
taking prior to the weekend.

Still can't see what's to the right of the above chart, the future, but theory
says I should be looking for a lower swing high to open Indices shorts.
We'll see what the future brings, won't we.
Must remember that the swing charts have been giving false signals at the range
extremities for this past 7 months range trading, and the range held and is
still holding until it breaks one way or the other.
So nothing's a done deal. So I'll stick to my intraday/overnight scalps
until the market makes its mind up and points the way.

Good luck next week, and stay loose.

Melnibone

thanks for a great start to the week!!!!

long ARM BLND CS DAX S&P UK OIL/GAS SECTOR INDEX US OIL/GAS SECTOR INDEX :-)

hope you all had a crackin weekend,c u all in the morning...

Mega...


NY & WASHINGTON ON HIGH TERROR ALERT !!!!!!!!!!

Evening all,

Thanks Spaceman & Martini

Melnibone
Hope the floor is going well I have been doing the reverse and ripping one up and knocking a wall out. Buggers the old knees eh what?
Still got you on my list for a "Thoughter" slot and will not let you off the hook young man.
Regards
M :)

Morning all,

a quick reminder that you only have 25 min to get your entries in for the August FTSE competition.

Have a good trading day.

LW :-)

Morning.

OIL - remains high in Far East. BP boss expects it to stay above 40$ short term.
http://www.moneyam.com/action/news/showArticle?id=406909

BCS - interims very nice.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700024457B.html

HVN - not had the best of recent runs, but pre-close states results will be substantially ahead.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700024576B.html

MXC - acquiring!
http://moneyam.uk-wire.com/cgi-bin/articles/20040802070000P135C.html

PDL - drilling update might fire it up once more.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700044658B.html

ULE - got a bit to do in the 2nd half to make forecasts?
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700054717B.html

SOG - sfotware minnow seems bullish for the 2nd half.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700074727B.html

GRM - a new restaurant!
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700084750B.html

ARX - more good news hot on the heels of last week's?
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700104781B.html

MLT - flogging stuff to SDY.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700104783B.html

LWB - breaking into China. Might inspire the next leg up?
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700104790B.html

INCH - looking good at halfway!
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700124797B.html

VTI - quarterly cash flow report.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700134834B.html

SMWH - disposal leads to return of cash to shareholders.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700194865B.html

UBC - a couple of new shows on Radio 2 - for those who listen to it! ;-)
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700194866B.html

SBT - trading update nice. Was long these, but got bored.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700194867B.html

FTC - putting some gloss on a pretty poor performance. The finance section makes interesting reading. "The trading conditions prevailing in the
latter part of the financial year and the appreciation of sterling against the
dollar have led to certain breaches of the financial covenants associated with
the term loan. The group's lending banks have confirmed their continuing
support, including the waiving of the covenant breaches, whilst reserving their
rights". Heftier startup costs in WI.
We'll see what the market thinks.
http://moneyam.uk-wire.com/cgi-bin/articles/200408020700154845B.html

Currently long AQP, ASC, DVO, HTG, MNA, MRS, short FTC, OKR, PLM.

Have a good day.

Morning All.

Thanks Big Al. Interesting reading. My son in US and he says an awful lot of serious concern around so hope markets not hit even harder.

mornin all

Many thanks to all involved.
regards

Covered FTC short +24ish and OKR short -5.5.

PRM still in the doghouse.

morning all

Young man, Martini?
Thank you, that made me feel better. :-)

Bad knees? Tell me about it. When I started this project I was 54
but felt and looked like 40. Now I'm 54 and look and feel like 64. :-(

Swing traders now have their lower low, but what will the high be?
A lower high or a big white candle higher high?
We'll find out when the US opens and does its thing.

WLW still in a nice short-term downtrend. May get a good buy price on this if
the markets do a nice, big, fat dip.

MRW still flirting with 180p.

AVZ? Phooey. I rest my case on this one.

Back to the flooring. :-(

May catch you later.

Melnibone.

Thanks Martini and Spaceman!
See we are painting the town red in general this morning - oh lovely
and such a change from recent days...I wish!!

My thanks (not)to HBOS for the idea of buying ANL - which has sent the
shares into reverse having started to look positive last week!!!

Melnibone - sorry about the knees....Well done for carrying on, if
some flooring had given me the grief that stuff has given you, I would
have had a bonfire in the garden with it by now!! ;>)

Big A....a bucket of whiskey is on stand-by just in case you need it later...

Well, not exactly a rout today. Was it?

Managed to find time from my labours to do a scalp on MRW.
Don't know what the US is likely to do this evening, so I won't
bother trying for an overnight scalp on a UK stock.

Will have a look after dinner, and see if there's a trend I can
catch on the NDX or the S&P.

Melnibone.

Only the 2 trades today.

Pretty slow really, but had a fair amount to do anyway.

No need for the bucket stockbunny. ;-))

OK if you're sure Big Al - I'll cling-film it and leave it under the table
for you...just in case it's needed tomorrow

I might be back later for it! ;-))

Cheers hunnybunny. lol