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Alan Greenspan did his normal trick and gave the U.S. markets the jitters. This time it was when he said that the banks are already prepared for higher interest rates. The DOW was down 10 points when he started to speak and quickly fell to finish -124 saved by the bell from dropping further. Autonomy reported a 111 percent rise in first quarter profit to $2.692 million helped by a 37 percent jump in revenues. Prudential first-quarter sales rose six percent to 433 million pounds beating market expectations by 30 million Egg Internet bank partly owned by the Prudential said it made a smaller first-quarter loss to 4.9 million pound as it cut costs Reuters Group reported a 8.4 percent fall in first-quarter core subscription said the decline should slow to 6-6.5 percent in the second quarter slightly ahead of market forecasts.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
Autonomy (F), Colt Telecom (F), Deal Media (F), Reuters (F), Maverick Entertainment (I), NWD (I), Superscape (I) Anglo American (AGM), British American Tobacco (AGM), Bioprogress (AGM), British Vita (AGM), Domnick Hunter (AGM), Jurys Doyle Hotel (AGM), Low & Bonar (AGM), SBS (AGM), Tribune Trust (AGM), XP Power (AGM), Prudential (Trading) 08:30 BoE Minutes of April 7/8 meeting 08:45 Chancellor Brown Speaks at BCC Conference	Coca-Cola,Ford Motor, Honeywell International, Colgate-Palmolive, Eastman Kodak, Sears Roebuc, Altera, Bank of New York, Morgan Chase,Chiron, Coca-Cola Enterprises, Dana, General Dynamics, United Technologies, Qualcomm, Starbucks, Capital One Financial 13:30 New mortgage applications 19:00 Fed's Beige Book	Infineon Technologies AG, Sagem, Remy Cointreau
Ex Dividend: Albemarle & Bond Hldgs 1.15(p), Blue Planet Worldwide Financials IT 0.5(p), Hays 1(p), Informa 4.94(p), Inventive Leisure 0.7(p), Next Fifteen Comms 0.3(p), Swallowfield 2.8(p), Aggreko 3.45(p), BAE Systems 5.5(p), Biotrace International PLC 1.15(p), Bristol & London 2.17(p), Bovis Homes 11.1(p), City North 1.75(p), Estates & General 3.5(p), Fulmar 3.4(p), Future Network 1.25(p), Glanbia 4.94(p), Greggs 54.5(p), Hanson 11.95(p), ITV 1(p), Johnston Press 4(p), Lambert Howarth 7(p), Logica CMG 3.4(p), Management Consulting 0.5(p), Morrison Supermarkets 2.7(p), NSH:Norish 1(p), Old Mutual 3.1(p), Personal Holdings 3(p), Quarto 3.25(p), Slough Estates 9.2(p), Smith & Nephew 3.1(p), Spirax-Sarco Engineering 14.1(p), Travis Perkins 16.8(p), UCM 2.5(p), Univent 0.5(p), The Vitec 16.6(p), Zotefoams 2(p)

Data Download	Calendar	US Zone	HTML Edit		Currency Calc			Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE -30	DAX -45	DOW +-20	S&P +2	NAS +7.5	Tips & Recommendations

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Morning all zzzzzzzzzzzzz

Updated 4/20 for Wednesday's market.
Key DOW Levels for 4/21
UP Above 10,480
DN Below 10,300

Sharp Decline
Dow holds throughout session, but gives way to the Close.

From prior commentary, "...The Dow pulled back slightly off Friday's highs, but continues to hold near the highs of the overall uptrend. An upside break through 10,460 will likely spark a solid push higher tomorrow, while a break below 10,400 will indicate weakness..."
The Dow pushed higher early in the session and held on to much of the day's gains throughout the session, as seen in the 15 Minute Chart. However, the Dow formed an intraday lower high and pushed sharply lower throughout the afternoon. The index later broke 10,400, which unleashed a vast continuation.

Looking at the 60 Minute Chart shows that the Dow ended the day just beneath the key 10,320 support level. This level will be the key fulcrum to watch tomorrow, as the index will show strength above it, and weakness below it. A downside break through 10,300 will indicate that a continuation lower will abound.

The Daily Chart shows that the Dow has formed a lower high beneath 10,500, which implies a likely continuation in the medium term. Look for the Dow to push lower toward 10,150 before strength is seen. This level represents the lower boundary of the expanding range that looks to be forming in the 60 Minute Chart. However, we could see a continuation pattern form at the lows before such a move is seen. Markets tend to trade sideways after an aggressive move to digest prior action while a new or continued trend is established.

Short Term Dow

Short term, the Dow has formed a clear trend line across the highs of the late-day downtrend, seen in the 1 Minute Chart. Watch for further weakness below this line unless 10,360 is crossed to the upside.

Medium Term Dow

In the medium term, we entered the market Long at 10,483, but stopped out with a 20 point loss. We later entered the market Short at 10,400, but the trade also faltered. We are still out of the market and will watch 10,300 down, and 10,480 up, with 20 point stops.

NASDAQ & S&P

The NASDAQ and S&P opened the session higher, but ultimately sold off heavily late in the session. Look for a continuation pattern to form to indicate that further weakness is likely. *

Summary

The Dow sold off the morning highs and never regained footing, as the index traded sharply lower throughout the afternoon, costing the index 123 points. The index ended the day right at key support at 10,320, which we will watch closely tomorrow. A break below 10,300 should make for a continuation.

Morning...

morning all.

Morning all

Morning all.

I am new to this site can you please tell me what is happening here ?

Wecome seaside
Just a place where we share trading ideas :-)
Like ..
Industry feeling that MyTravel may be facing a crisis and I am not short :-(
Feel this is a very risky share.

Hello seaside; welcome to the zoo.....! What type of shares are you interested in?

One of my favourites is ....the wonderful DYS....which is starting its move north after its traditional winter slumbers...The move up yesterday has resulted in a cluster of technical BUY signals. Amongst many, the following principal ones have been triggered (1) CMO (2) RSI (3) CCI (4) STOCH (5) Linear Regression (6) TCI.

(CMO is the Chande Momentum Oscillator, CCI is the Commodity Channel Index, TCI is the Trading Channel Index and Linear Regression is similar to a moving average but does not exhibit so much delay. Individually they all have their strengths but when they all appear together the overall signal is very much more accurate)

I have also discovered EVO issued a note on DYS in the last few days - a BUY with a target of 3.50, apparently.

vasey - I'm impressed

Not a day for trading - although I did buy a few more dys as a investment.

Market soon closing - where has everbody been hiding?

internal mail sent to you, lw

received, & replied - thanks