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IDS World Markets Mon 21st June 04


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t?s=^AORD

 

Here we are on the shortest day of the year and everyone's long, arrrgh. All Ords steaming north yet again, currently +0.4% and it's all disgustingly bullish onscreen. One of the bellwethers, Telstra, +4.4%, must have been an announcement to put that sort of rocket under it.

 

Golds getting their share of the action, +2%. Oils looking bullish as well, +1%.

 

Asia looks like it might have an up day as well:

 

t?s=^N225

 

t?s=^STI

 

t?s=^KS11

 

t?s=^TWII

 

t?s=^HSI

 

t?s=^BSESN

 

t?s=^SSEC

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Auusie's gone walkabout! Doesn't look like you'll miss much here.All shockingly upward here too!

AEX above 50% retrace of the drop 365-319. 200dma slight upwards slope again.Do you need to know more!

Anyway,now that RD has broken upwards out of its year-long consolidation pattern and that it's 10% of the AEX then this alone should maintain the index at this level or higher for some time.

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