Guest Posted April 5, 2004 Report Share Posted April 5, 2004 All Ords challenging all time highs and so far successfully, +0.2%. Volume very light though with many punters seemingly prepared to do the 'wait & see'. The looming Easter weekend may be diminishing enthusiasm too. I'm at a loss as to where the green is coming from as most my screen red. Newscorp +1.7% to be sure but the banks down, with a couple -1.5%. BHP +1.9% breaking through resistance. Golds hit hard, down 1-2%. Oils zooming up with Woodside +1.1% and Santos +1.6%. Asia heading up: Nikkers +1.4%, Singers +0.4% and Taiwan +0.6%. Link to comment Share on other sites More sharing options...
Guest Posted April 5, 2004 Report Share Posted April 5, 2004 S&P Nazza Link to comment Share on other sites More sharing options...
Guest Posted April 5, 2004 Report Share Posted April 5, 2004 Well the bullz managed to produce another all time high today, ho hum.... All Ords closed +15.8 (+0.5%) and volume not too bad if a tad uneven. Newcorp closed +2%, BHP +1.5% but the banks remained weak albeit off their lows. Interesting flagpole on the index around 2 pm which pretty much took out any chance of going lower. Golds closed off their lows but still mostly in the red. Oils did well but closed off the day's highs. Asia in the green: Nikkers +1.5%, Singers +0.3%, Honkers +0.4% and Taiwan +2.1%. Link to comment Share on other sites More sharing options...
Guest Posted April 5, 2004 Report Share Posted April 5, 2004 Australian Services Activity Falls For Third Month In Row YDNEY, April 5 Asia Pulse - Activity in the Australian services sector fell for a third month in March, an industry survey today showed. The Australian Industry Group (Ai)/Commonwealth Bank Performance of Services Index (PSI) fell 1.8 points to 52.1, seasonally adjusted, in March, well below the most recent high of 63.1 in October. Australian Economy Stalls, Consumers Ease Up On Spending SYDNEY, April 5 Asia Pulse - Australian consumers are cooling their love affair with spending and growth has stalled, according to the Cashcard Retail Activity Index for March. The seasonally adjusted index was unchanged in March following growth of 0.3 per cent in February and 0.8 per cent in December, Cashcard said Australian New Car/Truck Sales Up In March ADELAIDE, April 5 Asia Pulse - New car and truck sales jumped 13 per cent in Australia last month, continuing the strong run of results for the auto industry. Australian Job Advertisements Up In March: Survey SYDNEY, April 5 Asia Pulse - The number of Australian newspaper job advertisements in March rose to their highest level since October 2002, an ANZ (ASX:ANZ) jobs survey showed. According to the March ANZ job ads survey, the number of newspaper jobs rose by 0.3 per cent, seasonally adjusted, to an average of 22,196 a week. Link to comment Share on other sites More sharing options...
The brown one Posted April 5, 2004 Report Share Posted April 5, 2004 Well,oil be be Fibo'd. Last Friday on opening the AEX took out its 50% retrace from the low and this morning gapped up on the open to head-butt the 61.8% retrace.So much desperation to get into paper. Crapvision had a "TA" guy on from HSBC who said that the S&P was now going to 1250 by May and would make a top,go down into the summer but prolly revive in time for the generlal erection.Just like everyone else,he had his story straight about everything was great until Madrid but now it's happened--ah well,the market needed it to cool off--or things to that effect!! Staggering. He showed a chart of the S&P and I'm sure he said that there was a pattern of higher highs and higher lows--but I thought that the last top in S&P was lower than the previous.Not to worry--that's Calls,Now BuyCalls for you. Oops,just looked at S&P and NYSE charts.They did make new highs on the third top.So da guy's right--onward and upward--per fraudua ad astra. Link to comment Share on other sites More sharing options...
The brown one Posted April 5, 2004 Report Share Posted April 5, 2004 Amazing facts to be found on,in this case,a Dutch site. A(n) historian noticed that the last peak in US job creation was in April 2000,one month after the market had put in THE top. For the AEX,today we had the opening blast to 352.5 and if it had been to 352.9 we would have closed the final gap fully--wonder if this counts? Stochs now in ?berbot territory.Also the Dutch "investor interest" chart is very toppy--not always a great forecaster but there doesn't appear to be much up in the ST--but who knows? 70 dead in Iraq during the weekend doesn't seem to be having much effect--until it does,of course. Link to comment Share on other sites More sharing options...
DrStool Posted April 5, 2004 Report Share Posted April 5, 2004 Long Live The Gold Bull OK, Give It A Rest Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW!? Link to comment Share on other sites More sharing options...
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