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US equities shake off recent worries in a steady climb throughout the day. Boots said it would meet market profits consensus forecasts for the year, and it accelerate its investment in its key chemist chain. Sales are up four percent in Q4 at the top end the range of analyst forecasts J Sainsbury WARNED annual profits would fall short of last year due to falling sales and has agreed to sell its U.S. Shaw's supermarkets for $2.475 billion. The money will be used for its core UK business as well as returning 680 million pounds / 35 pence-per-share, to shareholders. Compass catering said it had made a good start to 2004 and expected turnover growth of seven percent for the year combined with a high 95% contract retention. Minerva property group posted a 50 percent fall in first-half profit to 0.6 million pounds but said that the London office market was recovering from a previous slowdown.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
PM Group (I), Sinclair Pharma (I), BATM Advanced (F), Chelford (F), Harvey Nash Group (F) Q4 Balance of Payments (09:30) Q4 GDP final (09:30)	15:00 Help-Wanted Index Feb - 39 13:30 Personal Income Feb - 0.3% 13:30 Personal Spending Feb - 0.5% 13:45 Mich Sentiment-Rev. Mar - 94.1

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Morning all.

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Morning all ..Sainsburys to drop 5%+ at the open.

Updated 3/25 for Friday's market.
Key DOW Levels for 3/26
UP Above 10,250
DN Below 10,150

Break and Rally
Dow breaks range to upside, rallies sharply to the Close.

From prior commentary, "...The fact that the index continues to consolidate shows the indecision in the current market. However, once a break from the consolidation occurs, rest assured that a solid move is very likely to result..."
The Dow opened the session higher this morning and got a clean and solid upside break from the well-defined consolidation that had formed at the recent lows, seen in the 15 and 60 Minute Chart. The upside break resulted in the sharpest rally seen in quite a while, worth 171 points for the day.

Look for the Dow to hold on to today's gains tomorrow. The index will likely form a consolidation at the current highs, which is typically what happens after such a major move. Such a consolidation would indicate continued strength toward the next resistance level at 10,325, seen in the 60 Minute Chart.

However, the index could revert back to weakness should the index fall below 10,150. This, however, is not the most likely scenario.

Short Term Dow

Short term, the Dow has formed a clear trend line beneath the lows of the day's upmove, seen in the 5 Minute Chart. A downside break of the line at 10,200 could indicate short term weakness at the Open.

Medium Term Dow

In the medium term, we entered the market Long today at 10,140 and are still in the trade. We will move our stops up to 10,190 to lock in some of the profit for tomorrow's market. We will stay Long above 10,250, and will enter Shorts below 10,150, with 20 point stops.

NASDAQ & S&P

The NASDAQ and S&P each opened the session strongly, continuing higher to the Close. Look for a continuation pattern to form to indicate continued strength tomorrow. *

Summary

The Dow rallied off the lows and got the upside break through the top of the consolidation today, which catapulted the Dow into a full-out rally. Look for the index to hold at the highs tomorrow to indicate that a push toward resistance at 10,325 is likely.

morning all

Morning, LW
Have been playing Sainsbury o.k. this morning. 10 Day intraday holding on the FTSE

Looking for the 8:45 / 9am reversal on Boots

Been looking at BSY again recently. I am struggling to find an entry point as it is currently on the slide (along with most other shares). Can someone confirm that the next support is at 660-665p (I'm not great with charts).

Thanks in advance

The retail sections is doing really badly - Boots down over 11% and Sainsbury down over 9% - the rest are not doing well either.

Fundamentalist - take a look at BrianTraders Pivot Points. Used in conjuction with the chart it should help.

Little Woman
Did you check your settings in 'internet options'
opto

Optomistic - yes I did and they were all on medium, but I upped the restricted sites to high!

Little Woman
That should keep a lot more out, let us know if it has the desired effect.

Michigan sentiment figures good

Fundalmentist - It looks like around 640-660 - I personally would go for 640
Good luck