BB. looking at 220p imho

been on my short list at 264 for sometime.

Played bb. from 271 to 263. closed the day before it dropped to the low 50's. bum.

Equity Technicals:


- DAX Index - the DAX's downwards drift should end soon, probably above 3800 today. The index should make an upmove to 3930 area later in the week -- then we will take it from there. The medium-term outlook remains unchanged -- expect a new upwards cycle to form, one which should go on and challenge the 4175 top further out, and perhaps go on and focus at a 4500 upside target later in the year. The idea, from here on up to next week, is not to quibble about a cyclical low, but rather start building a long stake at current levels for the medium-term haul.


- FTSE 100 Index - the index has retested the 4325 baseline, and we may see the down phase end soon, probably even today. The index should advance further towards the 4400 area later in the week. The medium-term outlook remains positive. The next upwards phase from there may kick off a new upside sequence which will go on and challenge the 4600 top, and perhaps extend gains further towards 4750 later in the year. Therefore, the idea, from here on,is not to quibble, but rather start building a long stake at current levels for the medium-term haul.


- S&P 500 - the index did fell further but probably ended the down phase at 1096 on Monday -- we are still looking for an 1120 recovery from here.
The medium-term view remains positive -- recent action supports the view that a bigger scale +test of the low+ phase is about to end, and that a new bull market cycle, which started at 1076 in May would shortly resume. The new bull phase may go on and challenge the 1165 top, and thereafter extend gains to 1300 later in the year.


- Dow Jones Ind Ave. - the Dow did fall further but the down phase may have ended at 10,027 Monday. We still look for a rally to 10,290 nonetheless. And, the medium-term view remains positive regardless. A new bullmarket phase may be about to unfold. All of these details should be immaterial from an investment point of view -- start building a portfolio now for a medium-term haul. We are looking for this middling correction to end soon -- the main uptrend which started at 9820 from the May low, should resume shortly. The bull market's revival waits in the wings -- and eventually, we expect to see a rally to the 10,800 top, and perhaps further appreciation towards 12,000 later in the year.


- NDX 100 - another test of the 1380 support ended at 1386, and the downphase may have ended right there. We still expect an upmove towards the 1440 resistance from here. A new bull phase may be in the offing, but will only know for certain once the 1440 resistance is taken out. But is it important that medium-term investors should start building a new portfolio, as the uptrend should reassert soon. The medium-term view remains strong -- the new bull market started at 1372 in May, and should go on to test the 1560 top, and perhaps further appreciation towards 1750 later in the year.


- Nikkei - the index retests the 11.200 base once more -- it still looks like a recovery is in progress. We still believe in the bulls case -- a new bull uptrend may have already initated from the 10,450 low in May, which may have 15,000 - 15,500 as the major goal late in the year. -- No change in view -- Japan is on holiday Monday.


- Hang Seng - the index may have found support above 11,800 and the index should ratchet higher from here to challenge the 12,600 resistance. The market gets set for a new bull market rally. The uptrend should then resume and may target the 16,500 - 1 7,000 area later in the year.

closed aun +5.5 and 0.5

mind the gap.......

gents,

Good to see a decent lively thread over here!

To be honest i'm surprised more people haven't arrived yet as ADVFN seem to have more or less given up the moderation game, not that they did very much in the first place!

Am is moderated, and hopefully should be able to keep out the nutters.

IMHO the trickle could soon become a flood, and ADVFN may eventually see what damage a few isolated nutters are doing to their business model!

keep up the good thread!

Lol!

http://members.aol.com/intwg/trolls.htm

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mick p,

LOL! very good!

Describes quite a few ADVFNers down to a 'T'!

thanks for the offer moonblue but it's a little on the large size, is there anything else in the stockroom?

what size would suit you...roughly in inches

probably about this size, it's only in case outside lav breaks again, can't get a plumber in these parts for weeks.

well griss keep it clean or youll be history

well i've been called worse things but what's a griss?

only havin a bit of fun as the mkt is zzz, i'll bugger off if you want, sorry..

griss is the moon nemisis..maybe im paranoid..

had the same thought Moonie but its gonna get paranoid if we think all new posters/names are griss.

So we wait for Waffle Made to Destroy threads (wmd's, best I could do) and let his ass get moderated.

Dolly, yer welcome here, its mainly bearish, with a tint of bullish reality when it gooos up, we like individual shares, sectors and indecies, fx on other thread.

We are here cos we got sick of thread wreckers seeking their entertainment, so excuse the tinge of paranoia

Yours Da Agency.

just cos you called me joe dolly..so you must know me

Is jjb sending out fx pivots Moony?

no i think hes away chiro