Limpsfield's Weekly Chart View

It was a slow start to the week with the indices bumping around but momentum picked up on Thursday and Friday with the Dow pushing out to levels not seen since June 2001. This is obviously a bullish break and suggests here is more to come medium term dips remain buying opportunities for now.FTSE 100Intraday FTSE Monday saw the FTSE take a bit of a clobbering, slipping to its lowest levels since early February. But the strength seen by the US dragged the FTSE higher, closing the week well above the 5000 mark. The medium term outlook is the same as it has been for a while for the FTSE 100 the trend from August 2004 is still intact with 5100 the next target. The major support levels are at: 4765 (the lows for the year); 4897 (early February lows and also the 23.6% Fibonacci retracement of the rise from August); and 4965 (last weeks low). Dow Jones Intraday Dow The strength seen on Friday finally cracked the big resistance levels on the US markets sets at the end of last year. The next target for the Dow is not too far away and is the psychological 11,000 mark but the next major resistance on the charts is 11,350 representing the highs from May 2001. It seems unlikely it will be plain sailing getting here but any weakness remains a buying opportunity. Big support levels where bounces are expected in the face of any weakness start from 10,730/10,800 significant turning points last week. Have a good week!Limpsfield Limpsfield is David Jones, the widely acclaimed charting expert at Shares Magazine who also hosts regular Charting courses for Global Markets Training (www.glomtc.com)

BAE Systems PLC is close to a deal to buy United Defense Industries Inc, maker of the Bradley Fighting Vehicle, for about $4bn

EMI GROUP UPGRADED TO 'NEUTRAL' FROM 'UNDERPERFORM' BY CSFB

COOKSON UPGRADED TO 'OUTPERFORM' FROM 'NEUTRAL' BY CSFB

LLOYDS TSB UPGRADED TO 'OVERWEIGHT' VS 'NEUTRAL' AT JP MORGAN

Morning. RNS on the blink all over by the look of it.

SPE - CBRY contract
http://www.uk-wire.com/cgi-bin/articles/20050307070000P2500.html

DVS - deal with Virgin megastores
http://www.uk-wire.com/cgi-bin/articles/20050307070000P7278.html

WSH seem to have some good headlines.

BVIT plan 100p/share return.

GLI - numbers look good. Break up beckons
http://www.moneyam.com/action/news/showArticle?id=687478

HYD - uninspiring results and moving to AIM.
http://www.uk-wire.com/cgi-bin/articles/200503070730043782J.html

ORM - results, will seek AIM listing this year
http://www.uk-wire.com/cgi-bin/articles/200503070730053821J.html

NEB - minnow been in trouble since the tech crash. Still floundering?
http://www.uk-wire.com/cgi-bin/articles/200503070730053845J.html

Well, that's about it. RNS obviously got a hangover this morning! ;-)

Good morning. I havn't been here for quite a while.

Holding quite a big long position in NLR looking to add to it too.

Morning all.

Good morning all.

Morning all

morning happy campers - have a great week :>)