Guest Posted December 3, 2003 Report Share Posted December 3, 2003 Well who'd have thunk it! All Ords zipped up from open and is currently +0.7% and looking QUITE BULLISH. Lots of green on the screen and a big caution note for da bearz here. On the weekly charts it could be a setup for another downmove but that is in the future. The Reserve Bank raised our interest rate another 0.25% but already "factored in" I'd say. The banks doing a reversal, up around 1.5%. Golds up as well: Lihir +0.6%, Newcrest +1.2% and Newmont +0.7%. Nikkers started out in the green but now heading south, -0.5%. Singers also doing the U-turn but marginally in the green, +0.2%. See what the arvo brings.... Link to comment Share on other sites More sharing options...
Guest Posted December 3, 2003 Report Share Posted December 3, 2003 Another one of those days where the index flattened out and went sideways. It could be a consolidation at the high portending another move up on the other hand it could be distribution. All Ords closed +23.4 (+0.7%) on reasonable volume. The banks really carried the day hanging onto their gains of around 1.5% on average. Miners did well too but the rest of the stocks were mixed with generally small gains. Newscorp closed -0.7% which is a bit of a surprise being as it's usually at the forefront of a move. I don't think the punters so enamoured with Newscorp these days though. Newcrest and Lihir +1.9%, playing catchup and Newmont +0.3%. Nikkers having problems, -0.7%. Singers soaring, +0.9% and Honkers rising steadily after an early selloff, +0.4%. Link to comment Share on other sites More sharing options...
alceringa Posted December 3, 2003 Report Share Posted December 3, 2003 Yoo-hoo world markets Uncle Buck Spoo-Hoo's- Nasty- Globex Flash Quotes Link euroland Jo-burg Miners Here After Hours-USA Island AM Market Call By CNNMoney From Bloomberg 0215AM Stool HQ Time Bank of China Plans Overseas IPO in 2005 as Government Bails Out Lenders Bank of China, the nation's second- largest lender, plans to sell shares to the public overseas for the first time in 2005, part of a government drive to raise funds to clear $500 billion of bad loans from the banking industry. Australian Central Bank Raises Rate; Economy Grows at Fastest in Two Years Dollar Extends Decline to Record Versus Euro on U.S. Trade Deficit Concern Bloomberg Link to comment Share on other sites More sharing options...
The brown one Posted December 3, 2003 Report Share Posted December 3, 2003 Total headbanging lethargy would best describe the Amsterdam market today!Not worth the price of admission. Link to comment Share on other sites More sharing options...
Guest Posted December 3, 2003 Report Share Posted December 3, 2003 Lol Brown One... yeah Footsie similar Just checked out the charts, actually today's action not as bullish as I thought. All Ords jammed under a downsloping trendline with horizontal resistance as well so could be a reversal tomorrow, won't count my chickens though! USD looking a tad grim? Link to comment Share on other sites More sharing options...
Guest Posted December 3, 2003 Report Share Posted December 3, 2003 Footsie just broke intraday support, heading south now.... Link to comment Share on other sites More sharing options...
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