Guest Posted January 12, 2004 Report Share Posted January 12, 2004 Nice drop on open but the dippers rushed in and now we're in a shallow intraday uptrend with All Ords -0.2%. Volume fairly light with stocks mixed and little movement either way pricewise. Banks are flat but Newscorp has jumped 1.1%, and is now up against reasonable resistance. Seems like a fairly amateur viagra job on the market atm... Golds not going anywhere: Lihir flat, Newcrest -0.2% and Newmont +0.5%. Oils: Santos -1.2% and Woodside -0.1%. Looks like Nikkers closed for a hol and the remainder of those open in Asia flattish. Maybe more action this arvo.... Link to comment Share on other sites More sharing options...
Guest Posted January 12, 2004 Report Share Posted January 12, 2004 We ended up climbing slowly all day with All Ords actually closing green, +1.6 points, flat. Hmm maybe that's a hanging man candlestick, we had a shooting star on Friday and we're still on target for a double top. Newscorp closed +2.5% and in a resistance zone. Banks had varying degrees of green. It will be easier to gauge today's action when the data hits the charts tonight. Not much change in the golds or the oils from the morning post; stagnation on those set in for the day. The rest of Asia following a similar theme to the Aussie market: selloff on open then a slow crawl up. Most flat. Link to comment Share on other sites More sharing options...
alceringa Posted January 12, 2004 Report Share Posted January 12, 2004 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 0145 AM Stool HQ Time Dollar Falls on Speculation Federal Reserve to Delay Raising Interest Rate The dollar fell against the yen and the euro in London after a report Friday showed the U.S. economy last month added fewer jobs than expected, boosting speculation the Federal Reserve won't raise interest rates soon. Citigroup, Deutsche Bank Make Offers to Buy China Construction Bank Stake South Korea's Kospi Rises to 19-Month High, Led by Kookmin; BHP Declines Bloomberg Link to comment Share on other sites More sharing options...
The brown one Posted January 12, 2004 Report Share Posted January 12, 2004 Out for the am. RD going futher south,calls for resignation of top man. Employment agencies getting whacked on something to do with Adecco! Siemens decides to dump aload of Infineon stock 'cos it doesn't seem like the price will go much higher!That's confidence in the chip sector for ya! Back later--don't expect much to happen as it's scam week! Link to comment Share on other sites More sharing options...
Lock Limit Down Posted January 12, 2004 Report Share Posted January 12, 2004 Silver exploding. Massive short position in serious trouble Link to comment Share on other sites More sharing options...
The brown one Posted January 12, 2004 Report Share Posted January 12, 2004 Precious metals--precious 'cos they don't have someone else's liabilities attached. Adecco shows what happens if you put your trust in paper--45% haircut in Switzerland today.Apparently insurance premium on their bonds has just multiplied by a factor 5!!! On Friday RD Shell also proved that you just can't trust anyone's paper and the hollow promises that back it! Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.