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IDS World Markets 4/3/03


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Sheesh so much for the pop & drop scenario I favoured last night for US. It popped and stayed popped. Aussie market consequently got the flagpole on open and much the same happening as the US. One long sideways move although we only halfway through the day but not expecting too much change.

 

There's a fairly solid down trendline on the DOW daily chart with resistance at around 8450 and I reckon there'll be an attempt to crack that so I'll be watching that with interest...

 

Still getting topping signals on individual charts, not necessarily THE top of course but at least indicating a pullback shortly..

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OyOyOy-

 

This melt-up seems to be moving all around the globe faster than a SARS pandemic. :o

 

Since everything is different in Japan, the Nick-Me seems to be an exception......

 

Yahoo World Markets

 

 

NASDAQ Asia Summary

 

 

Uncle Buck seems to be hugging the 100 line (As of 1AM Stool HQ time.)

intraday.gif?s...w=15&a=2&v.gif

 

Globex Flash Quotes Link

 

Top News From Bloomberg Asia

 

Japanese Stock Benchmarks Decline, Led by Mitsubishi Tokyo; Taiwan Rises

Japan's stock benchmarks fell, led by the banks, after Mitsubishi Tokyo Financial Group Inc. more than doubled its full-year loss estimate as slumping equities cut the value of its shareholdings.

 

Crude Oil Declines on Iraq War Progress, Higher-Than-Expected Inventories

 

LG Card, South Korean Rivals Double Stock, Bond Sale Plans to $3.7 Billion

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I see the US$ hit my target exactly. Oh well, back to the 103 level I guess. Like to see gold start moving up with the dollar. Why not, can happen. Looks pretty dover against the Yiro.

 

Hey Aussie,

 

Howzaboot keeping of abreast of the Ozzie PMS aince you seem to have become the defacto Ozzie cubbette reporter? :grin: Please.

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Ummm Thorass, sorry what's PMS? I've looked up the acronym dictionary and I get numerous choices, hmmm let's see..

 

Performance Measurement System? ... prol not

 

Personal Mailing System? .... nooooo

 

Pepperoni, Mushroom and Sausage ... but you know I'm

a vego

 

Phoenix Missile System ..... I think not

 

Pamper Me Softly ..... hahaha

 

Nope you'll have to tell me :grin:

 

Phat: UK & Europe have dropped daylight saving already, so US futures may be responding to an earlier opening...

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TOOK 32 handles on 50% swing longs on S&P here at 884.... :grin: :grin: :grin:

 

Great trade Oy. I was with you, but traded out on yesterdays early bulge. which was OK considering.

 

I think there's some more in this. Are you looking to reenter longs, or looking for a sell spot?

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TOOK 32 handles on 50% swing longs on S&P here at 884.... :grin:  :grin:  :grin:

 

Great trade Oy. I was with you, but traded out on yesterdays early bulge. which was OK considering.

 

I think there's some more in this. Are you looking to reenter longs, or looking for a sell spot?

still holding the 50% swing longs....but adding a little more scalp shorts here at 884.25

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TOOK 32 handles on 50% swing longs on S&P here at 884.... :grin: ?:grin: ?:grin:

 

Great trade Oy. I was with you, but traded out on yesterdays early bulge. which was OK considering.

 

I think there's some more in this. Are you looking to reenter longs, or looking for a sell spot?

still holding the 50% swing longs....but adding a little more scalp shorts here at 884.25

 

Thanks.

 

You probably know about SGs pullback spots of 26.24 or 26.04, basis the QQQ. (He seems to have a good read on this so far.)

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Oz Bear,

 

Well PMS is known by many names throughout the world but here in Stoolville we refer to the Precious Metals Suctor as PMS. I was hoping you wouldn't confuse it with that other PMS that has nothing to do with pizza toppings. :unsure:

 

Thorass

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