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

weird,
I moved my stop up to break even and got stopped out.
Fins daily is 10630/36 and the feb future is 10611/19.

Closed my long and now short. Expect it to pull back to last nights close just before open.

KEY EVENTS TO WATCH FOR:

7:00 AM ET. MBA Refinancing Index (last +51.5)

8:30 AM ET. December Durable Goods Orders (expected +2.4%; last -
2.5%)

10:00 AM ET. December New Home Sales (expected +0.8%; last -
2.4%)

2:15 PM ET. FOMC decision on interest rates expected

Afternoon one and all
Still hanging on my long on the dow and am looking for opps to arise.The figs out from Us were not good.Lets see what happens.
Fed meeting greenspan talking at 19.00-19.50 gmt.
Had a good run on the Fx today as kept the long going from yesterday and banked a good sum. Currenly short on the USD/CAD.

rgds
zarif

stopped out again for a loss.
cant seem to get going today so leaving it 'til the close.
i'll play with fx on saxbank

snoball - what distance are your stops when you bet?
perhaps you want to see if you can get a credit account.

zarif - thanks for your (almost) daily key events.

javid

Javaidshaik
I know the emails were late -due to this email virus going around called "My Doom" -it uses bulk mail to infect others and has an attchment in binary form -so if u open it than its ASTALAVISTA for the PC. So if u get mail and are not sure -just delete dont open.

Javaid u r right about the stops - I tend to use "Small stake with a wide stop In the medium term" trades -easier to refer to it as SWIM.

rgds
zarif

What are your views for today?

Ps: Do you do the FX trades? -they are good earners and do move about 100-200 points.The trends tend to be more reliable ,volatality is fine and less prone to noise and market manipulation.

i have got a long and short again for the dow. i also have a long s&p to 1170. i think dow is not going to do anything significant so hoping to close both bets at high and low. if i dont do it today i will try do it tomorrow.
i do the euor/dollar and pound/dollar but havent for a few weeks now after my last big profit.
zarif, what program do you use? i have asked previously and i apologise if you already answered and i missed it. i use sharescope and esignal myself.

javidshaik, i used a tight stop this morning as I was scalping, which i promised myself i wouldn't so serves me right.

i've just shorted GBP/USD on my simulator. don't ask me what price i've just shut it down and can't remember.

javidshaik you can see my normal end of day stops here

Javaidshaik: I use metastock EOD for the indices and saxobank for my forex.Also another good one is Fx street.com. Free realtime for six months.

rgds
zarif

I have this uncanny feeling about the dow today that it is going to POP UP and then drop -possibly after the greenspan speech.( Just thinking out aloud -nag)

Snoball -on the fx -try the USD/GBP as a long say keep stop loss at 18200 and target 1.84 and longer term 1.89
On the saxo demo -where it says trading you will find analysis subfolder which has all the research and the maintrends and trades and from what levels -I find it very useful.

rgds
zarif

well im doing good on it going down at the moment. depending on what greenspan says, i will close my down and after he has finishes and leave up open (hoping to get that closed tonight).

javid

dow is very much channeling today. not giving me a big enough profit to take either way.
may change when greenspan talks (next half hour i believe).

The short was brilliant (am still in it )
Dow gave a wow.
well greenspan -thanks

yeeessssssssssssssssssss!
greenspan is king!

still dropping

Closed the short earlier for 100pts.
Now watching the fx trades as good buy opps to add to my long gbp/usd.
also see what more the dow is going to do for today
yipeeee -may the dow fall 4 ever!!!!!!

Am I glad I decided to give it a miss this morning.

Why do we want the Dow to fall forever, zarif?
Have you got something against it?

Another mini short on and in gain by 40pts on daily dow.and still going DOWn.

Snoball some days are like that.Dont worry as it will bounce up again- than catch it by the tail and go with it.