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

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.

A 200 point drop in one day - what's that all about?

Snoball just closed the second short for 85pt gain.
I think snoball the truth as u said is finally catching up with them.!!!!!

Also i think it will shoot up again this week and next.Just a retracement of the wave to compleletion i think and then move up ahgain for 10700-10750 and over as i am sure mr joe bloggs dont want to lose the election.

rgds
zarif

Am seriously pondering the notion of taking out a long atm.

I'm going to stay flat until the smoke clears.
As far as I'm concerned the main trend is still long until below 10400 or 10350.
And that may be a buying opportunity.
Maybe the Feds want to spank the bears again.
What do I know?

hmmmm.......10450 is a Fibonacci support level.
You might be right zarif.

Snoball try USD/CAd Short it for 2/pt or 1/pt daily spot (expires 8pm tomorrow) at 13250 area on daily (see what the future march is) and it should come good.

rgds
zarif

zarif,
Fins are closed mate. Can't do it tonight. I'll try it on the saxbank simulator.

By the way the 10450 Fib level is a 23.6% retracement and probably not too significant. I would venture to guess though, that if the Dow closes above 10450 tomorrow it will go north again on Friday.

I think I just sounded like a pundit, lol. You better ignore everything I just said.

Hi zarif

i'm lurking again ( i had a nice short on dow earlier). Why do you suggest the dollar/Canadian dollar short - march @ 13305 currently

KEY EVENTS TO WATCH FOR:

8:30 AM ET. Initial Jobless Claims (expected -1K; last -1K)

8:30 AM ET. Employment Cost Index (expected +0.9%; last +1.0%)

10:00 AM ET. Chicago Fed National Activity Index (last 55)

10:00 AM ET. Help-Wanted Index (last 39)

10:00 AM ET. DJ-BTM Business Barometer (last +0.1%)

2:00 PM ET. FOMC minutes from December meeting

4:30 PM ET. Money Supply

Snoball,

I heared that Fins had a few problems last night with their systems.

i had no problems getting through to Spreadex, thank god i used a stop for my long position. it was at my entry level. phewww!

I was a bit slow though, should have gone in with a short.

/$ down 94 now to 1.8074

Short dow from earlier on at 10498 and at the moment reading 10432 and am watching might just close it as its on daily.-thats it closed at 10433. thats 65pt gain.

rgds
zarif

hi y'all.
just got in from the traders meet.
Horse, I notice a lot of trading platforms seem to get overloaded when there is
a major move. Not surprising really and a good excuse for the spreadbetters to slow things down. I was too slow also. You neet reflexes like zarif.

I see the Dow is +40. It bounced on the 23.6% Fibonacci retracement I see.
Will it keep on going up?

long the feb fut @10496
Stop at today low.
This is a fibonacci gamble.

hey people,

i have been out all day. seems like an interesting day today. i trust everyone had a good day (long or short). i had a few open and closed 4 positions on the dow (limits hit).

im off to bed. nite guys.

The men in black are pumping again - 18.5 billion and the Trin is falling.

well done javidshaik.

end of the month so wonder what will happen today?
GDP due out shortly so that should set the theme for the day. however, if that goes ok or better than axpected, i think we will see some upward trends but i will hold off opening any positions till after the open.
any one want to give there opinions?

javid

My opinion: short term up to 10700.
Anybody's guess after that.
Tom Hoogard suggested yesterday that something would happen 9/10th February if you believe in Fibonacci Time projections. My projection shows 11th Feb using the daily chart.
On the other hand on a weekly chart March 25th is suggested as a turning point.

You pays yer money and takes yer choice.

i believe on feb 11th there is some news due out from the states (cant think what it is though). anyone know?

Zarif needs a calendar at the top of the thread.

Alan Greenspan Speaks! Wednesday - Feb 11, 2004

10:00 AM ET : Federal Reserve Chairman Alan Greenspan to give semiannual monetary policy testimony before the House Financial Services Committee, in Washington .

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