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

me too, zarif.

You know, this just may be a buying opportunity.

From the Feds:
Temporary Open Market Operations for January 07, 2004

The Desk has not entered the market today.

Sb just closed a short and am just watching atm

zarif, 10470 seems to be where support is for now.

Right, I'm long at 10484 - Jan future.
'bye for now.

NEW YORK (CBS.MW) -- U.S. stocks extended their losses Wednesday morning as an unsubstantiated rumor of an explosion in the New York area swept through trading rooms, a trader said.



CBS MARKETWATCH TOP NEWS
U.S stocks lower on NYC blast rumor


"There's been some bogus rumors that there has been some kind of explosion in New York City," said Keith Keenan, vice-president of institutional trading at Wall Street Access. "It's absolutely false. A major news network is going to pick up this story before a trading desk will if there is any kind of truth to it."

"The markets sold off on that rumor. People are looking for an excuse to take profits," Keenan added.

lol, zarif!
just back from a walk to the beach. blowing a hooley down there.
Dow up again - jolly good.
stop moved up to b/e.

Closed the long for 36 points.
Be back later.

Snoball -walk on the beach where are u -somewhere nice and hot? and still havving time to trade -cant be bad -work and pleasure at the same time.!!!!!!

mam -seems to be playing up for me today as loading screens are taking donkeys years and blank screens etc -have rebooted,logged off and on but same.

I took a long same time as u and closed it at 25. just watching atm.

Anymore updates on the bomb scare -going to have a look in cyberspace now.

rgds
zarif

zarif, nowhere hot - just the South Coast. Like to walk there sometimes to clear my head.
I see the Dow has fallen again.
If it closes below 10456 I will be looking to short for a day or two.

Go to go out now. See ya later.

KEY EVENTS TO WATCH FOR:

8:30 AM ET. USDA weekly export sales for grains

8:30 AM ET. Initial Jobless Claims for wk. of Jan. 3 (seen +11k; last -
15k)

10:00 AM ET. November Wholesale Trade (seen +0.3%; last +0.5%)

10:00 AM ET. DJ-BTM Business Barometer for wk. of Dec. 27 (last
+0.1%)

3:00 PM ET. November Consumer Credit (seen +$5 Bln; last +$900
Mln)

4:30 PM ET. Money Supply

Managed a short on dow b 4 and am long now and watching the action.
Fx: eur/usd long was a happy event today.

Jobless increased by 14000

rgds
zarif

I'm chancing a long as well, zarif.
Glad to hear you're doing ok on the currencies.

Copied from the Tb: Tom Hougard (city index chap) Interesting reading:---


Tom H was on Bloomberg at 10.30... Potted Summary...
Target for Mon/Tue next week Dow 10800 Nas 2120 FTSE 4660
Catalyst.. US Jobs report tomorrow /Favourable int decision today.

Then Target for end Feb Dow 10100ish Nas 1540 FTSE between 4136/4330
Key for pullback to stay within Long term uptrend.

Target for June July Dow 11700-800 taking out all time highs possibly.
Catalyst... Presidential Cycle, thinks Bush is going to throw as much liquidity at markets to keep feel good factor for elections...

Now heres the sting....
December Dow below 10000!!!!!!
Expects bearish Autumn affter Pres Cycle effects out of the way.
THIS ASSUMES UPTREND NOT BROKEN INTO JUNE JULY TIME PERIOD.

Interesting prediction, zarif.
I can't wait to see how right it is.


Bit boring today. My long is barely breaking even, although I missed a chance earlier when I was out.

snowball, did you wait - seems to be a bit higher now! :-)

Yep, little woman, i'm hanging in there!

I think i'll leave this on overnight. It broke above the two day ma of the highs.( a signal of sorts in my book).

KEY EVENTS TO WATCH FOR:

8:30 AM ET. December Non-Farm Payrolls (seen +150K; last +57K)

8:30 AM ET. December Unemployment Rate (seen 5.9%; last 5.9%)

9:40 AM ET. December ECRI Inflation Gauge (last 115.7)

figures not so good -gad finger on the buzzer and managed a short giving 50pts.Not bad for b 4 open today!!!!!

Qusetion is "are we going DOWN today"?? Has the bubble finally got pricked?

rgds
zarif