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MORE) Dow Jones Newswires

December 30, 2003 10:58 ET (15:58 GMT)


30 Dec 2003 17:03 BS DJ Hamburg/Attack Fears -2 Car Bomb Attack Feared




BERLIN (AP)-- Police closed off streets around a German military hospital in a Hamburg suburb Tuesday after indications that Islamic extremists planned a car bomb attack.

Hamburg police received the tip-off from unidentified "security sources" at 2.30 p.m. (1330 GMT), a city police statement said. "Those potentially involved are believed to me from an Islamic, terrorist background," it added.


(MORE) Dow Jones Newswires

December 30, 2003 11:03 ET (16:03 GMT)

Hi everyone.Not got the hang of the Dow.Made stacks of profit on individual stocks but lost most of it on the Dows illogical rise to the current dizzy hieghts.


Will sit on my hands and spectate.Until sanity returns

Have a happy new year

Tariq

Tariq:
Dow is a monster if you go in with a gunslinging attitude you will win a few times than the market will eat you alive.
As to trading strategy in a "nutshell" - Say you are a runner and you have got bad case of flu -then you will not run that day -same applies to trading -you must get the psychology and moneymanage ment right and look at risk/reward ratio all the time.

if in dowbt stay out -thats the safest option.that way u dont lose your hard earned cash.

rgds
zarif
ps: properous and a happy new year to you.

thanks for those wise words.Best of luck.What do you think it'll do today?

Regards

Tariq

hi tariq:

Poor Michigan sentiment is always a downer for the markets so we should be going down today and tomorrow, there may be an attempt to go higher on Monday and Tuesday but it will be short lived. We should be going down big time starting mainly Tues evening and Wednesday and lasting for about 2 weeks with an odd up day in between. thats what it will do imho.

rgds
zarif

18.46 hrs and dow still in -ve territory - i wonder if it will take a hike up or plummett down. You can guess what i want it to do with lead weights in my hands.

rgds
zarif

30 Dec 2003 20:27 BS DJ Italy Extends Ban On Private Flights Over Rome To Jan 6




ROME (AP)--The Italian government has extended a measure restricting private flights from entering airspace over Rome, officials said Tuesday, amid heightened terrorism warnings over Christmas and New Year.

Authorities decided to extend a ban on noncommercial flights entering airspace within a five mile radius of the center of Rome to Jan. 6, said Nicoletta Tomiselli from the Italian air traffic control agency. The block began Dec. 24 and had been due to expire Monday.

The decision came after Italian Premier Silvio Berlusconi told an Italian newspaper that terrorists planned to attack the Vatican with a hijacked plane on Christmas Day. The premier later distanced himself from the comments, but his office didn't deny he said them.

Security is tight all over Italy. Interior Minister Giuseppe Pisanu said earlier this month that 12,000 police and 4,000 soldiers have been deployed throughout the country to patrol some 8,000 possible targets.


(END) Dow Jones Newswires

December 30, 2003 14:27 ET (19:27 GMT)

Looking for a little rally, just gone long the YM March at 10395

Once I am sure about the direction I may place a down bet on it (with S/L).Momentum seems strong on this beast though cos under normal circumstances todays data would have sent it south in a big way

All the best mate

Tariq

Updated 12/30 for Wednesday's market.
Key DOW Levels for 12/31
UP Above 10,440
DN Below 10,400

Consolidating
Dow trades sideways within tight range, consolidation forming.

From prior commentary, "...The 15 and 60 Minute Charts each clearly show that the Dow continues to trade within a clear and solid uptrend. Look for the index to continue trending higher within its channel in the medium term, especially if the Dow continues to hold above its lower boundary at 10,360..."
The Dow pulled back slightly for the session today, losing about 25 points, and is now forming a tight consolidation at the highs of the current upswing, seen in the 15 Minute Chart. The index continues to remain near the highs of every upswing, as a consolidation is typically followed by further upside movement.

The Dow continues to hold above the steep lower trend line, seen beneath the lows of the 15 and 60 Minute Charts. Look for continued strength above this line. If 10,400 is crossed to the downside, we would expect to see a retracement begin there.

Short Term Dow

Short term, the Dow may be forming a higher low above 10,419, seen in the 1 Minute Chart. Such a pattern implies strength for tomorrow's Open. Otherwise, a break below 10,419 will indicate weakness.

Medium Term Dow

In the medium term, we are still Long the Dow from 10,190 and will hold stops at 10,400, locking in 210 points of profit for the trade to this point. We will want to stay Long (or add to Longs) above 10,440, and will look to enter Shorts below 10,400, with 20 point stops.

NASDAQ & S&P

The NASDAQ and S&P each traded quietly sideways throughout the session today, forming tight consolidations at the highs. Look for a break from the consolidations for direction tomorrow. *

Summary

The Dow is holding at the highs within the boundaries of a tight consolidation. An upside continuation is most likely in the medium term, but a break of the major lower trend line will signal weakness. A break below 10,400 will signal such weakness.

Key Levels to Watch today 31 Dec 2003.

Guys and Gals New Years Eve Today and wishing you all a happy and prosperous new year.

rgds

zarif

Ym is on and jeff i hope u held onto your long from yesterday.
What are your views for today? Mine are that they will go north in the morning session and then take a downer.Hopefully near the end they shall be full of shorts!!!!!

rgds
zarif

what time do they close today please...

Mega...

mega on the ig index site it shows normal hours of trade -but to be honest i dont know about the YM itself - i am assuming it is full day today.But the dax and them are closed.

please let us know if u get the answers.

Mega - I hope u make megabucks today and wishing u a prosperous newyear.
Just rang ig and was told that the beast is on normal working today.

zarif,

many thanks my friend for the info,i hope you and your family have a lovely and prosperous 2004....

well done for starting this thread with over a 1000 posting,pat yourself on the back:-)

Mega...

zarif
I should think they want an up day for last day of the year, I see it ranging between 10430 and 10455.

Closed yesterdays long for +2 (WOW) made a few on FTSE this morning and +20 on Dow at open.

Jeffmack same analogy as yours my guesstimate being say around tops 10460-10470 region and close on a positive note above say 10450.
Also looking at our ftse reached say intraday high in the morning and then shied off -thats why i think it might do this in ym trading.

rgds
zarif

HAPPY NEW YEAR ZARIF AND OTHERS ON THE THREAD

Hi all. Was away for the celebrations. Hope you all had a good time.
However I managed to get a long on the Dow Jan future @10428 on the 30th.
The stop is supposed to be 10405 but I can see that that might be hit overnight so have left the previous stop in place until I can watch the action tomorrow.

Happy New Year to you all and lets make it a prosperous one!