Guest Posted January 8, 2004 Report Share Posted January 8, 2004 Reasonable volume and a fair amount of action but we're going absolutely nowhere. All Ords -1.4 points, flat basically. Banks continuing their run from yesterday, up around 1% but Newscorp down 0.6%, sort of balances things out. The rest of the stocks mixed. Newcrest and Newmont continuing to sell off, -2% but Lihir has come up a bit, +0.7%. In the oils Santos +0.9% but Woodside -1.4%. Nikkers shot up shortly after open +0.9%. Singers +0.7%. Link to comment Share on other sites More sharing options...
Guest Posted January 8, 2004 Report Share Posted January 8, 2004 After the morning tussle we went into an oozing decline closing -5.3 (-0.2%). There were some very determined punters on both sides of the market and many largish parcels changed hands. The index closed below the October top which is a good sign but now we need some GMTFO action to clinch things. The banks went in different directions with WBC and CBA closing 1%+ but NAB ended +0.7%, off the day's high and ANZ slid into the red a smidge. Newscorp recovered somewhat closing -0.2%. Golds sank a bit more: Lihir flat, Newcrest -2.8% and Newmont -2%. Oils followed suit: Santos +0.6% and Woodside -1.9%. Asia mostly up with the exception of Honkers which has a nasty looking intraday chart, -0.4%. Still too much choppy action to see where this is heading... Come in Europe, give us some clarification PLEASE... Link to comment Share on other sites More sharing options...
alceringa Posted January 8, 2004 Report Share Posted January 8, 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 0340 AM Stool HQ Time Stocks in Europe Rise, Led by Unilever on Upgrade; Nokia, Siemens Advance European stocks advanced, led by Unilever, after the shares were upgraded at Deutsche Bank AG. Nokia Oyj also rose. Dollar Rises on Speculation Trichet May Express Concern About Euro's Rally EADS Says 2004 Profit to Rise 20 Percent on Earnings From Space Business Bloomberg Link to comment Share on other sites More sharing options...
The brown one Posted January 8, 2004 Report Share Posted January 8, 2004 Knock,knock,knocking on (bull)heavens door! AEX broken out above 344--see if it can hold it.Inevitable really. Index has spent the last few days up against resistance with an incredibly appreciated Euro--now that's retracing---well,the market has to go up! For years the AEX has been approx. one tenth of the DAX(give or take 2-3%).Recently,however, this ratio has broken down with the DAX at 4.000+ and the AEX at 340.Wonder if that ratio will be restored by AEX rising faster than DAX or a big down on the DAX. Mebbee ratio was just a temporary thing anyway. Link to comment Share on other sites More sharing options...
The brown one Posted January 8, 2004 Report Share Posted January 8, 2004 Snippet of local news re ABN Amro and Parmalat. ABN loaned 'em ?70 million--bye bye money.But Bank of America loaned 'em ?700 million--so that must be bullish.Right! Link to comment Share on other sites More sharing options...
Guest Posted January 8, 2004 Report Share Posted January 8, 2004 Bummer re 344 Brown One, the day's not over yet but it looks fairly convincing, hey.... Link to comment Share on other sites More sharing options...
The brown one Posted January 8, 2004 Report Share Posted January 8, 2004 Yep,Aussie we will see. Looks like yesterday was a successful attempt by da Dutch boyz to take the market down a bit so that they could get long.Poodits and chartwatchers talking about a healthy correction due(stochs in overbought on daily chart) and a good opportunity for the slow-witted to get long!!! Well,da boyz don't allow such things to happen but I still think that scam week will be down.they just needed some more panic longs in, hence today's action. Theoretical next target AEX is 353. Forgot to mention that if you bought euro's this year you have not made any money!! Link to comment Share on other sites More sharing options...
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