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

oh, right zarif. I thought you thought the longer term picture was down.
I agree that after a triple digit rise (classed as a Big White Candle in my Metastock candlestick Expert) a fall of 50 or so can be expected. Still tricky these days though.

im looking for a short today. trying to get a nice entry point (perhaps a spike). may end up getting it as soon as market opens.

javid

Javaidshaik:
I have the same gut feeling as u that we are going down on the Dow today as the volumes were low and the market rallied also with all this data coming out and the FOMC meeting etc etc it would be an ideal time for some profit taking.Also if we say the dow has a range of say 400 pts in a week than just stacking those up/down gives an indication aswell.
In my opinion markets take a hike up slowly -BUt Fall down much faster.
I think in the first half on hour or so will give the intraday highs than head down.

trade safely and wisely
rgds
zarif

KEY EVENTS TO WATCH FOR:

7:45 AM ET. ICSC-UBS Store Sales Index (last -0.7%)

8:55 AM ET. Redbook Retail Sales (last +0.1%)

10:00 AM ET. Conference Board Consumer Confidence Index (expected 98; last 91.3)

4:30 PM ET. ABC/Money Magazine Consumer Confidence Index (last -3)

2-Day Federal Open Market Committee meeting begins


Just opened a short at 10686 daily
Also got long on cable/Usd from 17989 and Short USD/CAD from 13140 -both looking good atm.


rgds
zarif

Closed the short at 10668 (opened 10686) +18pts just watching atm for new opps

hello people,

been out for the afternoon. i was hoping my short would have been hit by now but dow seems to be on downward trend but channeling. well i hope it goes down some more today. i believe grrenspan is talking so hope it takes a dive then.
have a good nite all.

javid

My quote.com quotes are rubbish today Dow up 88?
Anybody know what the Trin is?

I'm flat as I have been to an ECDL class this afternoon.

Your short should be doing well javidshaik.

lol, zarif my man. You should have left the short open. Don't you hate it when it does that?

Snoball -u r right i should have held onto the short. But the fx trade long on GBP/USD is giving 237 points (less 27 stop trailng so nett 210 pts at 5/pt) and the USD/CAd Short opened at 13140 is giving 100 pts (less trail stop 30 so nett 70pts at 5/pt). Just looking at the dow as might give a good buy opp.

rgds
zarif

ps: snoball try the currences as the moves are decent and the trends etc are more reliable and the volatility is good -you can relax with these trades while we grapple with the dow.

rgds

nicely done zarif. I need to get a currecny site with decent charts and I might give it a go.

closed my position now. not a great day but cant complain.
zarif, i closed my long position on euro and sterling and am contemplating opening it again. what do you think euro and sterling will go up to against dollar?
im signing off for tonight but catch you all tomorrow.

javid

ps. zarif, what program do you use. i use sharescope and esignal myself.

Snoball the trin is showing 0.94.
Good currency site is fx.com -live charting and free demo for 6mths.
Another good site with all the analysis is saxobank.com- very good as gives all the charting free including ftse and dow etc.

let me know if you cant find them then will send u the links.

Also what are your views for going long on the dow as it will give good opps today if we are lucky.

rgds
zarif

zarif,
I will check out the currency stuff.
As for the Dow, if it Closes above 10550 I will consider it still long.

buying opp coming up now???

Gone long on dow at 10601 daily
shorted gbp/usd for over night trade.

rgds and good night

zarif

Me too zarif @ 10614 on the Feb future.
Fins Dow daily doesn't stay open overnight.

I've signed on with Saxobank zarif.
The demo is taxing my machine somewhat but lets see how it goes.

Hi guys,
Spreadex's Daily Dow doesn't roll over night but i have just bought the march DOW at 10553. Low of the day at the minute, which can be arisky game to play. Just feel it could do a little ranging today in which case i'll try and take 40 pts profit.

Just bought the FTSE too but on the UP/DOWN/UNCH. i think we could get a lot of buyers down here.

As for the Dow, it's diificult to see the support levels as it's been 3 years since we've been here. march dow now 10560 so getting there..

The only thing good about D4F is they let you trade dow & ftse out of hours - price tends to follow futures. At 1am I picked some long dow @10608 and 30 min ago I got some more @ 10570, which I have just sold at 10591!

morning all,
im day long on the dow today.

horse19 - i find the ftse very boring. it is like watching paint dry but 3 times as slow. i have not made a lot of money off the ftse and i much prefer s&p to ftse.

good luck for today everyone.

Fair comment Javidshaik.

That's why i regularly trade the Up/Down markets because you can gain bigger profits than just trading per point movement on the futures.

I don't really trade the S+P but should because it is the real driving force.

well, i haven't closed the dow yeat but almost made the 40pt target. have put a dtop in at entry level. ALWAYS run the winners. Zarif should be able to tell you that after last night!