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

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 .

MBA Purchase Applications
7:00ET

5-Year Note Auction
1:00ET

snoball - im sure there was something else. good idea about calendar.
zarif - is there a way of placing a calendar for the coming month at the top of the thread?

Perhaps theres an eclipse or some planetary alignment.

lol. no nothing like that. i think maybe greenspan will be talking (nearly always to go short then he does). zarif might know when he comes on.
snoball - your a bit speedy with the replies today! no sooner have i sent a message have you replied.

DJ futures are currently trading about 40 down from close

little woman - gdp figues were lowere than expected. made a quick buck on the original drop on 53pts. not sure what to do now.

I'm still long........for now.

I'm long, but have bought more with each drop and sold on the rises, so managed to (just) keep ahead so far.

nice going lw.

It only works if it continues sideways, within a good price range.

Thought this was interesting:

1512 GMT (Dow Jones) LONDON--FTSE 100 treads water at 4411.9. Trades in a tight range after Wall St opened on a slightly downbeat note. University of Michigan sentiment reading of 103.8, Chicago PMI reading of 65.9, both slightly better than hopes, help prevent FTSE from sliding further. "With minimal UK company reporting over the last few days, we inevitably been left to watch the political circus at Westminster, but with some solid corporate reporting due next week, there&aposs universal relief amongst traders that we can get back to working with substance, not spin," says trader."

i still havent opened up another position yet. not sure what to do mixed sentiment because of last trading day of jan, gdp figures below expected, possible profit taking so i would assume downwards today but its just too sideways. wondering if traders think markets have dropped enough already this week.
will watch for a while i think

My big worry is that every time it tests 10450 it's carry on down! Although so far I've well enough that it'll have to drop a long way before it wipes out the profits so far.

very slow boring day on the dow. feels more like the ftse.
i got an up and down open and see if i can walk away with a small profit today. if not, i am sure come monday something will happen.

have a good weekend guys.

javid

you too, javid.

Wall street should be back from lunch soon. Maybe it will liven up then.

What I need now is a closing rally to 10500.