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IDS World Markets 4/23/03


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It was the ole flagpole rally at open for the Aussie market today, not surprising considering the US/European action. We spent most of the day flapping sideways after the initial burst and drifted down into close on what looked minor profit taking. Volume better than yesterday but still muted. Asia mixed, seems like no one really sure where its all going although I'm still thinking a trend transition a (ie from up to down) at this stage. We closed +0.7% but were up 1% at the highest point.

 

Golds strong:

 

LHG +3.1%

NCM +1.3%

NEM +1.1%

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Uncle Buck has a little rally going. The live chart from INO is acting strangely as this is posted.

 

 

Note the 3AM finger formation on the sphincters.

globex.png

 

 

Globex Flash Quotes Link

 

Almost all the Euro Markets have breakaway upside gaps on the open. Off course this is the setup for the rare "Flying Turd" chart formation. :D

World Markets-Yahoo

 

 

Top Stories From Bloomberg

 

 

European Stocks Advance, Paced by Renault, Michelin, Valeo and Puma Shares

European stocks rose amid optimism corporate profits are improving. Renault SA paced gains after its Nissan Motor Co. unit reported record earnings.

 

OPEC May Face Oil Glut Unless Group Cuts Production, Saudi Arabia Says

 

British Pound Falls to Four-Year Low Against Euro on Rate-Cut Speculation

Bloomberg

 

AM Market Call By CNNMoney

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