how do you see the dow index going today Dow Jones and S&P commentary: Signal Watch Dr Bob Hard Right Edge Raptor Research Charting by Snoball: Dow Chart S&P Chart Drinks & Break Time at: GD's Famous Tea Room & Watering Hole"

DOW JONES @ LIVECHARTS

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!

Morning all.
Moved my stop up to 10350 as the futures look quite strong.
Will be watching fairly closely today in case of a drop below 10400.

BS"D

Zarif,

Glad to see that folks here are making use of my daily Stats. So long as the Daily StatsZine is still free, even though it would have been nice to give me credit whenever you post my hard work!

I've got one problem though. Every time someone loads this thread it uploads the table from my site. This distorts my use statistics. Took me quite a while to figure out what was happening.

Could you instead PLEASE post this link:
http://www.tradershelpingtraders.com/asherstatssignup.html

Now anyone who wants them, can receive Daily StatsZine free in their e-mailbox.

Good trading,
Asher
=] ;-)>

KEY EVENTS TO WATCH FOR:

10:00 AM ET. December Institute for Supply Management
Manufacturing Index (seen 61.0; last 62.8)

10:00 AM ET. December Conference Board Consumer Confidence
Index (seen 91.5; last 91.7)

10:00 AM ET. DJ-BTM Business Barometer for wk. of Dec. 20 (last
+0.4%)

2:00 PM ET. Bond market closes early

4:30 PM ET. Money Supply

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

The STOCK INDEXES & MARKETS

The March NASDAQ 100 was higher in overnight trading as it extends
last week's rally, which led to a breakout above this fall's high crossing
at 1457. Stochastics and the RSI are bullish signaling that sideways to
higher prices is possible into early-January. Monday's breakout above
the early-November high crossing at 1457 has opened the door for a
larger-degree rally into early-January. The March NASDAQ 100 was up
9.00 pts. at 1480.00 as of 6:38 AM ET. Overnight action sets the stage
for a steady to firmer opening by the NASDAQ composite index later
this morning.

The March S&P 500 index was higher overnight as it extended last
week's rally and has broken out above the March 2002 high crossing at
1109.10. Multiple closes above this resistance level would open the door
for a possible test of the April 2002 high crossing at 1149.90 later this
winter. Stochastics and the RSI are bullish signaling that additional
short-term gains are possible into early January. Closes below the 10-
day moving average crossing at 1098.73 would be the first sign of
trouble for bulls. The March S&P 500 Index was up 4.30 pts. at 1114.90
as of 6:40 AM ET. Overnight action sets the stage for a steady to firmer
opening when the day session begins later this morning.

Asher-Many thanks for the emails and also if you dont mind can i have your permission to put it in the header on the dow index thread.We recognise your daily hardwork and i for i commend you.

rgds
zarif

zarif, why don't you post Asher's stats as a link and then those that use them can look at them using the link and Asher's site stats won't get updated everytime someone looks at this thread.
It also saves time when the thread loads.

.sorry pointless post.