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

ok zarif - i've got it.

fundamentalist - awaiting fridays figures but assumption is US economy has expanded which is why the rise in dollar.

zarif,
you have mail.

Snoball: Many thanks and job done.Thats another arrow for our bow strings to play with.
rgds
zarif

Locked in the profits on the dow and am just watching now. In fact time to go and play with the kids instead of screen watching.

rgds
zarif

S&P has broken South of the 200 min ma on the yahoo chart.

And long again on Melnibones ma signal.

closed the short earlier on for 90 point profit. and am long from 10580 atm which is in positive territory atm on the daily will close soon.

As i said earlier it is one thing to find the entry point and hopefully get that right and then when to exit. HOLD and FOLD is the question.

rgds
zarif

My long stopped out overnight. I'm not going to moan about being stopped out anymore. If the market is against you then so be it.

hi gang.
Just got in and watching atm. As they say "holding no position is a position of Merit"

rgds
zarif

Opened a small long on the S@P when it closed the gap
open from Monday.

Not sure if it will drop further yet so I've kept
plenty of powder dry to buy again.

I think there is a good chance of an up day tomorrow
as the market anticipates a possible good jobs number
on Friday.

Beige book at 1900 hrs tonight will likely keep
things subdued until then.
Famous last words! :-))

Melnibone.

Taking a chance we're going to bounce up and down
a bit and took the 3 points S@P profit.

Looking to rebuy if it hopefully drops again prior
to the Beige Book waffle.

Zarif, I noticed on another thread that you also
hold a Capital Spreads account.
How do you find them?
So far, I haven't had a requote and the site hasn't
crashed.

Melnibone.

Melnibone -Capital spreads is quite good and as u said no requotes.The good side is also that the spreads are tight and the margins workable. The plus point is as u point out when the system goes down on say like ig etc u can still trade. I am using capital spreads to keep medium term trades going and ig for the intraday.split the account so that one is handling currencies the other index etc.therefore with 2 screens is like switching hats on and that is what u r concentrating on.

rgds
zarif

http://uk.finance.yahoo.com/q?s=^GSPC&d=c&k=c3&a=fs&p=e10,e20,e50,e100&t=1d&l=on&z=l&q=l

Been using my EMA Rope again.
Bought at the bottom when the price turned and sold when
the price action came up to meet the 100min EMA and the
fast stochastic peaked.
Let's see if it works and drops again.

Melnibone.

Thanks for the reply Zarif, nice to know it's working
for you as well.

Melnibone.

Looks like I got that wrong. It just stuttered and
then shot up.
It's going up a lot earlier than I expected, unless it's
going to open up near resistance highs tomorrow, I reckon
it needs to drop again this evening.

Melnibone.

Melnibone: Your deduction is same as mine in that it will go north then track down. I think Fed beige book results out later.

rgds
zarif

http://uk.finance.yahoo.com/q?s=^GSPC&d=c&k=c3&a=fs&p=e10,e20,e50,e100&t=1d&l=on&z=l&q=l

The rope hasn't straightened out yet to show a trend change,
possible retrace here.
Dow 10600 seems to be giving the Bulls trouble.

Melnibone.

Listened to some trader talk on Bloomberg this afternoon.
He was saying that a lot of small traders were getting
nervous and closing S@P longs.

Apparently there is an 'Air Bubble' below 1038 and trading
chartists are watching to see if this level breaks to open
shorts.

Their views, not mine, so take it or leave it.

Melnibone.

Just had a look at my trading record.
1138.4 was where I bought last week.

Glad I didn't know about that level then or I would
have 'ummed' and 'erred' and missed the opportunity.

Makes you wonder if it's worth listening to 'experts'.
All it seems to do is cause you indecision.

Melnibone.