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More cases of 'Bird Flu' drive Hong Kong stocks lower: Analysts predicting the FTSE 100 will continue to fall from January highs as investors await a likely interest rate hike and eye results from Shell. BAA airports operator posted a one percent rise in operating profit to 500 million pounds for the nine months compared to analysts expecting 492 million. Sales rose by 3.5 percent to 1.54 billion pounds and they said airlines confidence and a solid economy would underpin strong passenger growth.  December traffic hit a record. Securicor said it was in talks over a nil-premium merger with Danish rival Group 4. The merged business would be listed in both London and Copenhagen. Filtronic maker of wireless telecoms components reported first-half profits of 2.2 million pounds well above market forecasts of 0.8 million.Rio Tinto the world's second largest miner, said its second-half profit fell 10.5 percent as strong China demand was offset by weak coal earnings and a rising Australian dollar. Profit fell to $741 million from $828 million a year earlier compared with an average analyst forecast, excluding a gain from the sale of its 50 percent interest in Indonesia's Kaltim Prima Coal.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT
BAA (Q3, 9M) 478-507m exp. Filtronic (H1), Rio Tinto (F) Net $1.3-1.5bn exp. Ex date of Granada and Carlton merger to form ITV, Bookham takes Carlton Comms place within the FTSE Mid 250 09:30 Jan manufacturing PMI, 56.0 prev.	13:30 Dec consumption NA, 0.5% exp. 13:30 Dec consumption real, 0.5% prev. 13:30 Dec personal income, 0.1% exp. 15:00 Dec construction spending, 0.6% exp. 15:00 Jan ISM manufacturing, 64.3 exp.	09:00 Jan manufacturing PMI, 52.9 exp.

Croc@SnappyTrader.com  WWW.SnappyTrader.com

Bloomberg TV

Futures

Pivot Calc

HTML Editor

 

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Trying Croc's HTML editor for the first time. Hopefully, above should show my 50 point 3 box reversal P@F chart. As it shows, be careful about calling this Bull Run over. Ftse can print 4200 and stay in the current 45 Degree up channel. It can print 4150 and still remain Bullish. It needs to print 4100 before you get a possible trend change. Even if it did print 4100, there will be heavy support at 4000. Still, even if it drops to any of the above levels, that will be a few hundred short points to harvest. The point I'm trying to make, is don't bet the farm as/if we start dropping. It doesn't necessarily mean a reversal to the 3 yr Bear slide. If we get a retracement, follow the trend but keep realistic stops, don't allow yourself to get caught short hoping that it will come back to you and allow it to run back up away from you. Bulls got caught doing that in the 3 yr Bear slide. Bears can get caught just as easy in the US election year. Melnibone.

Very interesting M!
Also looks like the editor worked!
Regards
D.

why is there so few posts here, advfn traders thread has 5 times as many postings

Morning all
Josey the AM Traders room thread is much busier than the premium BB on ADVFN with approx 300 post a day. However the Investors room now has about 50 a day and growing but is still quieter than ADVFN's
D,

Morning all

Very quite over here again - may do what I did last week, and spent most of my time over in the traders room.

I have a long FTSE and a long DJ as I have to do some work today, so have decided not to trade otherwise. So far this morning the long DJ is up 8x the FTSE and the US isn't even open! I think that say's it all!

Morning all,

Terrible problems connecting to CMC via MarketMaker and
Deal4FreeLite web version.

Currently conversing with CMC helpdesk and sending all sorts
of Ping and Ports test results to them. They seem to know
what they are talking about so hopefully it will get sorted
soon.
Will keep you up to date.

Rgds Melnibone.

I've not been having any problems with MarketMaker this morning. I suppose it not my turn!

Be interesting to see where ITV is by the end of the day - start
of a new era for the TV companies!

Watching ALN today - to cash the gain or to not cash the gain
this is my dilemma this Monday (lol)

A WALL STREET JOURNAL ONLINE News Roundup

BRUSSELS--European stocks rose in midday trading Monday, as manufacturing data indicated the economic recovery is continuing. HVB lifted banking stocks in Frankfurt amid takeover speculation.

The Dow Jones Stoxx 600 Index, which tracks Europes 600 largest listed companies, rose 0.4% to 236.75. The Dow Jones Euro Stoxx Index, which tracks companies in countries that joined the common currency, rose 0.6% to 252.37.
The Dow Jones Euro Stoxx 50 Index gained 0.6% to 2857.0, while the Dow Jones Stoxx 50 Index rose 0.3% to 2703.2.

In London, the FTSE-100 Share Index gained 0.3% to 4404.3. The U.K. January purchasing managers index was unchanged from December, at a four-year high of 56.0.

The oil sector was buoyed as Cairn Energy jumped 18% after offering further details of its oil find in Rajasthan.

Securicor gained 3.3% on news that it is in talks to merge with Denmarks Group4 Falck in a deal that values the U.K. security company at more than $1.1 billion. Group4 shares gained 5% in Copenhagen.

Trading in shares of British broadcaster ITV began on the London Stock Exchange, with shares in the newly merged broadcaster debuting 141 pence and rising to 143.5 pence in brisk trading.

Marconi gained 1.5% after Credit Suisse First Boston raised its price target for the stock.

Cigarette maker Gallaher rose 1.3% after CSFB raised is rating on the stock to neutral, saying it provides probably the highest degree of forecast certainty in the sector.

Engineering and industrial-processes company Invensys rose 14% on continued speculation it is planning a 500 million rights issue.

In Frankfurt, the Xetra Dax Index rose 0.6% to 4083.17.

HVB Group gained 2.2%, on reports in the U.K. that Royal Bank of Scotland and Barclays plan an HVB takeover. "We do not think that this speculation is realistic," said Merck Fincks Konrad Becker. HVB was unavailable to comment. Barclays reiterated it has said it would look at European opportunities. RBOS wouldn't buy HVB because it doesn&apost fit with RBOS's stated strategy, said a source close to the bank. RBOS rose 0.6% in London.

In Madrid, Spain&aposs second-largest bank, Banco Bilbao Vizcaya Argentaria, fell 1% after announcing it has launched a EUR3.3 billion offer for the 41% it doesn't already own of its Mexico unit Grupo Financiero BBVA Bancomer SA. The bank also posted a 30% rise in 2003 net profit on a strong domestic lending business and lower bad loan provisions.

Footwear company Puma jumped 4.3% after Sal. Oppenheim raised the stock to "strong buy", saying its 2003 earnings Friday "contained a major positive surprise in order backlog growth," which increased to 27% from 17% in the third quarter.

In Paris, the CAC-40 Index advanced 1% to 3672 as financial stocks pulled higher amid hopes for strong fourth-quarter updates.

Societe Generale rose 2.7%, AXA rose 2.3% and BNP Paribas gained 2.3%.
Computing services company Cap Gemini rose 4% amid talk that Smith Barney rates the stock at "buy." Smith Barney wasn&apost available for comment.
France&aposs manufacturing sector recorded its highest level of activity for 18 months in January, according to a survey of purchasing managers published by CDAF/Reuters Monday. The French manufacturing purchasing managers' index rose for the fourth consecutive month.

In Zurich, Adecco gained 3% after Pictet raised the stock to "buy" following the company&aposs statement Friday that its accounting probe so far has unveiled only minor bookkeeping errors. Adecco gained 14% Friday.

In currency markets, the euro was almost flat against the dollar, at $1.2456 compared with $1.2453 late Friday in New York. The pound was also unmoved, at $1.8221, compared with $1.8213.

After the initial "OK" start the FTSE is falling quite fast. Are people worried about the US open in half an hour?

WASHINGTON (Dow Jones)--The Budget Administration acknowledged anew Monday that the federal debt limit will have to be increased again before the end of the current 2004 fiscal year.

"The debt subject to limit is estimated to increase to $7.464 trillion by the end of 2004, which is more than the present statutory debt limit of $7.384 trillion," the Administration said in its newly-issued fiscal 2005 budget.
Fiscal year 2004 ends Sept. 30.

FTSE actual droped to nearly 4350 for a few seconds!

smart money been selling the rally for last 7 odd trading sessions maybe they just showed the hand, not bouncing up atm considering if it was a fat finger!

I've just received a message

"FTSE March futures low traded was 4274.0 at a time of 14:04"

I'm not very good at understanding the obvious at times - but I presume I am right in thinking this is not a good sign!

It sounds a pretty bad sign on the face of it...
FTSE looking slightly better now than 10-15 mins ago...

lw dont panic, fat finger no doubt or leaked data for later!

just read on another bb fat finger guilty of 6000 contracts, unconfirmed atm!

I've got to ask - fat finger?

lw bigger than a little one:)