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"

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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

zarif, it certainly seems harder to make longs pay off. I closed out my overnight at b/e. Nice work on the short.
Watch it bounce at the open - maybe.
Does anyone know what those figures mean? What's the significance of non farm payrolls? Unemployment I understand. ECRI Inflation guage?

Watch the Trin.

Daft as it may seem - Long at 10525 - Jan fut.

Closed for 13 points.

oops! Nodded off there. Time for a walk on the beach.

If you look at this Dow chart it looks like a top may be in.
Doesn't it?
The PPO (price percentage oscillator) seems to have lost momentum.
The ADX looks to be changing direction.
Any thoughts anyone?

Brilliant fall and got the short 115 pts gain on this one.

rgds
zarif

Nice one zarif. You must have been short all day.
I tried a long at 10500 - and you know what heppened there.
Reversed it and managed to get enough to come out up 2 points on the day.
My system is now short but I don't want to leave a short on over the weekend.
I don't know when the Fed will decide to take a hand.
So now I am flat till Monday.

I bet they take it back to 10500 before the close.
Maybe not.

Nite y'all.

Snoball - I managed 3 shorts today - 2 medium ones and the last was the nutctracker - i think the Ym have been exposed pretty badly -imagine 1000 jobs only to add and in nov figures were 14000 error.
You are right best not to open today

have a good w/end.

rgds
zarif

zarif, what error? Please explain when you get the time.

Snoball : In nov they had upped the figures at 57000 when in reality it was 43000. (hence a error of 14000) and to top it this time they were expecting 150000 to 200000 jobs added when they came up with a paltry 1000!!!!!!
No wonder the market went down triple digits ( wouldnot have surprised me at all if they ralled as they have been doing that lately -no matter what the results)

rgds
zarif

good grief, zarif. The Truth is catching up with them.
Can they keep this rally going now? It will be interesting to watch.