IDS World Markets Mon 3rd May 04

[Guest]

Great start to the week as we nosedive -0.6%. Currently doing a bouncy sideways move at the lows of the day but it's all been very controlled so far.

 

The golds down a touch but nothing dramatic. Oils flat to down.

 

Nikkers escaping into another holiday, Singers -0.5%, Honkers -0.2% and Taiwan -0.8%.

[Guest]

S&P

 

 

 

Nazza

 

 

 

 

 

[Guest]

The consolidation at the lows continued all arvo with All Ords closing -19.7 (-0.6%). Looking at the 5 day chart http://finance.yahoo.com/q/bc?s=^AORD&t=5d it seems as though the last 3 trading days has been one long consolidation at the lows so a very large tank may just be coming up. Hope so, bearz overdue for a fun time.

 

Golds closed down a touch but oils saw some buying, +0.3%.

 

Honkers desperately trying to claw its way into the green, flat atm and closed for lunch, Singers -0.7% and Taiwan -1.4%.

[Guest]

Might be the top as far as jobs ads go...

 

 

Australian job advertisements rise to three-and-a-half year high

 

 

SYDNEY, (AFP) - The number of jobs advertised in metropolitan newspapers and on the internet in Australia rose last month to a three-and-a-half year high, according to new data.

 

The ANZ April job advertisements report showed total jobs ads rose by a seasonally-adjusted 1.0 percent to an average of 118,113 a week, following a 4.6 percent increase in March.

 

Compared to April last year, total job ads were up 35.2 percent, a level not seen since January 2001.

 

 

Australian Goods And Services Prices Rise Slightly In April

 

SYDNEY, May 3 Asia Pulse - The price of Australian consumer goods and services rose slightly in April, driven by increases in the cost of health and medical services, rents and fruit and vegetables, an inflation measure showed.

 

The TD Securities-Melbourne Institute Experimental Monthly Inflation Gauge was 0.1 per cent in April, 2.2 per cent higher than a year earlier, and followed an 0.3 per cent increase in March.

[The brown one]

Aussie,amazing that your biz-cycle is so different to here.You have a high in help wanted and we have a multi-year high in unemployment.

And all markets just follow the US--everything else is noise!!!

 

Another gap down opening in A'dam but bouncing off the 338 level.200dma and 61.8% retrace on the hourly chart.Everyone expects a bounce round about here,so mebbee Ms.Market doesn't co-operate.

However,the EW guy reckons that we get a bounce from around here and the size of it would be important for how far down we go afterwards!!In this down leg there's still a possibility that we could lose another 10 points before his present wave count is invalidated and it still says we go up again.

 

Bahamianbonerblasters Inc. are at it as usual this morn--always a helping hand for the European markets.

[The brown one]

See BBB is still working on the futures.AEX down gap closed on AEX futures but not yet on the index.But the index is also being "rebalanced" this am after the removal of Gucci which has been bought up by PPR.

 

Haven't been watching our little pile too closely but it would appear that for the last 2 hours there's been no index print and also no info as to why not!!

Presumably,as a consequence,options trading is also down!Only seem to see these probs arise in a declining market--just before they ramp it up to blow out any shorts!The games they play!

 

DAX looking weakish,having not managed to penetrate the 4000 level from below.