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

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.

hi everyone:
Just been to the dentist and had the tooth yanked out -still anaesthetized and numb -fun will start after when it wears off and i hope the dow is not going to give max pain aswell. The futs looking bit healthy and i feel thet the market will open high and shoot down to fill the gap and hopefully carry on south.Reckon should shed another 40-50 pts (says he!!!!)10400-10380 area?
The bulls and bears will be locking horns so below say 10440 shorts and 10460 and over longs -fun should start at 10670 if it gets there.
Going to lie down for a while now and back to Ym at 14.30hrs.

rgds
zarif

Know the feeling, ref the dentist, Zarif.

I was there on Friday. Bit into a peanut, half a double
tooth sheared off and the filling fell out.

Ouch!

Not sure about the US tanking after filling the gap open.
These markets still feel strong to me. It's been making
monkeys out of Bears that have been calling a turn since
last March.

It seems to suck 'em in on retracements and then use them
to squeeze the markets rapidly higher.

We may get some retracements, but I reckon we'll see 1180
on the S@P before this ends. (When ever that is.)

Melnibone.

Futures looking strong, http://www.cbot.com/cbot/dow/fivequotes/0,2656,2%2B12,00.html and I am short. B****r!
I'm hoping for a drop from an open at 10500 or so otherwise I will be stopped out.

Hi Everyone,

Just looking in to see how things are going for you.

The sale of my business is perched precariously on a
knife edge so I don't feel my mental state is conducive
to trading at the moment.

Hope to be back with you as soon as possible. In the meantime
good luck with your trading. Speak soon.

PS Happy New Year.

Harlosh

Harlosh; nice of u to drop in and leave us a line. Hope your sale goes through.

Hello guys/gals:
Ym to open in 6mins or so. Alan greenspan speech at 16.00 gmt.Lets see what the beast has in store for us today.Traded in a tight rannge yesterday and may either break up or down probably after the Greenspan speech.Maybe an up day today.

rgds
zarif

Hope it works out Harlosh.

Today is a good example of why it is good to have a system.
This morning I was sure the retracement was over and my short would be stopped out. However I am up 24 points up as we speak. Sticking to the system is the hardest part of having one but it invariably pays off.

and a few more!!!!!!! wow! what did greenspan say?

Wow in Dow today!!!!
Do u think it will jump up at end??????

10500 is still main resistance I reckon, zarif.
will it jump? I haven't got a clue. ;-)

KEY EVENTS TO WATCH FOR:

7.00 AM ET. MBA Refinancing Index (last +6.8%)

8:30 AM ET. December Producer Price Index (seen +0.2%; last -0.3%)

8:30 AM ET. December Producer Price Index, ex-food and energy (seen
+0.1%; last -0.1%)

8:30 AM ET. November International Trade Deficit (seen $42 Bln; last
$41.77 Bln)

2:00 PM ET. Fed Beige Book

Reckon it is going to be going up possibly past 10500 -10560 then short like crazy. Have got along on from lastnight and looking to see what it throws at us.I reckon by friday should be going down if not sooner. I see the dollar is trying a rebound. lets see what happens. remember dont overtrade as then there is no margin left.

trade wisely and safely

rgds
zarif

dow stagnant at present.beige book results out today.