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

Greetings Zarif.

Saw that Zarif.
I was watching the S@P poke it's nose below 1140, suck in
a few Bears, and then bounce back up to the day's median.

I think Greenspan has been waffling about jobs and growth
again right at the critical point.
One could almost think that it was orchestrated. ;-)

Melnibone.

That's what they've been doing since March.

Hi everybody:
Lets see what the dow has in storefor us today.
Greenspan is "talking Today" 2.15gmt i think and 3 times later this week.i hope he says the right things as he has atendency to bring the house down.!!!!

rgds
zarif

zarif i thought it was only 3pm on wed he was bantering, if you are right we might aswell write off every afternoon this week:)

as far as i know he is talking 4 times this week starting at 2.15pm gmt today. snow is also talking sometime today.

cheers

Although Greenspan is speaking 4 times this week,
the main one that the market will be listening to
is the Wednesday one.

The big economic data, GDP, isn't until Friday.
So I'm basically expecting range trading for most
of the week, barring any 'Events'.

Melnibone.

melnibone never EXPECT:oI

I know what you mean TP, but I need to formulate
a plan and then trade it. Disciplined stops will
keep me out of trouble.

Bleeding typical. I've dipped my toe in the water
with the S@P with Capital Spreads and what goes
and happens? They have gone to telephone orders
only on the S@P, everything else is still OK
for internet trading.

Lucky I don't have a persecution complex. :-)

Melnibone.

lol yes have a plan but don,t cast in stone, flexibility, one reason i trade levels and try to press buy/sell when the chart tells me, easier said than done of course!

good short on the dow -so far so good -:))

nice to have playboy and melnibone on the DOW wagon.

rgds
zarif

 

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Hi Zarif, ref the PnF chart we talked about, here's one I put together over

the weekend. It's a 10 point 3 box reversal.

You can see why 1121 and 1159 are important to the SnP.

If you print the next number you print a new box higher or a 3 box reversal.

Doesn't look very Bearish to me yet. If this post works it's thanks to Croc,

I've used his HTML editor link from the Investors' Traders thread.

Melnibone.

 

more yak from greenspan today!

what time does he rant today? thx

1500 GMT, 1000 Eastern

Melnibone.

thx mel

Afternoon folks:
Just watching the dow at the moment.
Mel-nice pnf chart.-i see what u mean as the key levels at 1121/1159.Bit of congestion forming will need a bit of time to give a better indication.Generally the main uptrend is where the breakout should continue -but we dont take anything for granted any try to predict.

Good longs on the cable and Eur./doll.-looking very healthy at present.

rgds
zarif

Done my first US trades on the S@P with Capital Spreads.

So far, it works in real time just like the simulator.
The price quoted is what you get without a requote,
the e-mail notification of trades is instant, and
they haven't tried any funny business with the auto
stop loss(CGSL), that you have to have but can alter
to a level that suits yourself.

Early days yet, but looking good so far.

What I find I like in trading the US markets is that it is
all you need to concentrate on. When trading Eurozone markets
you have to figure out where the US is going first and then
factor it in to your Eurozone positions.

I think I could get used to this. :-)

Melnibone.

hi all:
managed a nice short earlier on dow daily. Just watching atm.

For those not too familiar with the Point and figure charts this is a nice place to look at.registration is free for three weeks and has good tutorials on it,

www.dorseywright.com

give it a try and see-nothing to lose.

rgds
zarif