Guest Posted December 23, 2003 Report Share Posted December 23, 2003 A bit more bearish today with All Ords trading in a narrow range between resistance and support. The index currently -0.1%, has had several goes at breaking resistance and now looks like it might be heading south to test support. With a bit of luck it will break through.. As to be expected, not a lot of movement on individual stocks and we're still stuck with low volume. Golds looking healthier than yesterday: Lihir +1.5%, Newcrest +0.9% and Newmont flat. Looks like Nikkers might be closed today. Singers +0.1%. Link to comment Share on other sites More sharing options...
Guest Posted December 23, 2003 Report Share Posted December 23, 2003 Just a trading range day with All Ords closing up a massive 0.4 points. Volume better than yesterday but that's not saying a lot. Seems like the market might have run out of steam so I'm feeling bearishly optimistic, see how the charts look tonight. Golds continued to hang in: Lihir +2.9, Newcrest +1.3%, Newmont still flat. Asia seems to be suffering the same lack of momentum: Singers -0.1% and Honkers flat. No reason to suppose that Europe will break the spell.... Link to comment Share on other sites More sharing options...
alceringa Posted December 23, 2003 Report Share Posted December 23, 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 0100 AM Stool HQ Time South Korea Steel Stocks Gain, Led by INI; Zijin Mining Soars in Hong Kong South Korean steel stocks including INI Steel Co. and Dongkuk Steel Mill Co. rose on optimism plans to increase prices will boost earnings. Asia Pulp Creditors Closer to $6.5 Billion Debt Restructuring, People Say Arcelor Joins Nippon Steel, Baosteel in $800 Million China Plant Venture Bloomberg Link to comment Share on other sites More sharing options...
The brown one Posted December 23, 2003 Report Share Posted December 23, 2003 Once again,nothing to report from here today! Market seems suspended at 330.If the can keep it here until opex,then the majority of index options will expire worthless-exactly the idea,methinks. Little example of the irrationality(bentness!) of the market.ABN Amro bank has 9% of an Italian bank involved in Parmalat.Parmalat going into liquidation--ABN stock up today! Maybe it is logical--ie state bails out Parmalat---lots of fat commissions to be made sorting out the mess. After all, the bonkers made 150 million off Assold. Wonder if Parmalat is perhaps the tip of the iceberg--of the black hole--formerly known as the Bermuda triangle--previously known as off-shore bonking where all risk has been shifted to Uranus! I wish everyone a very merry,safe and enjoyable Christmas! Link to comment Share on other sites More sharing options...
Bird D Durr Posted December 23, 2003 Report Share Posted December 23, 2003 Merry Christmas.......All...................... Happy New Year...................Full of Health (the most important of them all) Link to comment Share on other sites More sharing options...
Guest Posted December 23, 2003 Report Share Posted December 23, 2003 Hahaha, love the avatar Al... Thanks for the best wishes Brown One and I hope yours is just as good.. Ooh S&P futures looking a bit rocky, do we have an event looming? Can but hope.. Link to comment Share on other sites More sharing options...
The brown one Posted December 23, 2003 Report Share Posted December 23, 2003 Futures prolly just going to retest 1089 as they're supposed to do in a micro-managed TA environment with all surprises to the upside! Link to comment Share on other sites More sharing options...
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