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

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.

Well, DOW/S@P 10600/1151 seems to be holding.

I don't want to be short for tomorrow, so I think
I'll go and watch 'Corry' with Mrs. Melnibone and
see if it drops before the close so that I can open
some longs for tomorrow.

Catch you later.

Melnibone.

Straight from the book........

The U.S. economy continued to expand in February with modest gains in employment and prices, the Federal Reserve said Wednesday in its Beige Book report on the economy.

Growth was variously described as "moderate," "firm," "sound" and "accelerating" in the Fed's 12 regional districts.

Employment has been growing slowly in most Federal Reserve districts," the Beige Book said.

Wages were growing slowly, while employee benefit costs were increasing faster.

Retail prices were "level or modestly increasing" while "commodity prices have moved up more noticeably."
Consumer spending was higher in 11 of 12 districts, with only St. Louis reporting lower sales. Manufacturing output also increased in 11 districts, with Cleveland reporting steady production.

The Beige Book was compiled by the professional staff at the Federal Reserve Bank of Philadelphia from thousands of contacts with businesses and others in each district. The report is not the views of the Federal Open Market Committee, which meets in 13 days to consider changes to monetary policy.

nite all.

Just logged on again.

Judging by the lack of movement for the last hour,
I'd say that the US floor traders knocked off to
watch 'Corry' by satellite link as well. :-)

Melnibone.

evening all. i have been out all afternoon but doesnt seem like i missed much today. tight range as far as i can see on the dow. went long today but none of my limits were triggered.
anyway, i will have them open for tomorrow so hope for an uprising tomorrow, although i dont think we will see much movement until friday after the eagerly awaited news.
nite guys

Hi Javid,

I'm looking more to today for the rise.

News comes out at 1330 prior to the open, so if
the normal trading hours people want to pre-empt
it, they need to be in by close of play today.

Melnibone.

good morning people, im hoping (and expecting) we get a rise today which will take my long into profit. overall i think we will have similar ranges to yesterday but a tad higher.


javid

zarif - is your hotmail inbox full? last email i sent you bounced back.

Dow/S@P still stuck at 10,600/1151 areas.

Intel are giving guidance after the bell, so that may
affect tomorrow's opening. Be careful if you open any
new trades near the close tonight.

Melnibone.

Hi everybody:
Javaid just cleared the rubbish out from mail box.Await your email.

rgds
zarif

10560 seems to be important to the DOW.

I've just had a look at snoball's DOW CHART
on the link at the top of this thread and I can see why.

Should have looked before, snoball has it covered.

Melnibone.

Support (10560) is the two day moving average of the lows, Melnibone.
Correction, it is yesterday's 2 day ma of the lows.

ok, i think i have had enough boredom waiting for the dow to do something!
dont forget the news tomorrow at 1.30 gmt - that will set the tone for for the day i guess.
nite guys.

javid

the day we have all been waiting for!
seeing as the economists and analysts have got it wrong the last couple of times, i wonder if their current forecast will be correct. if it comes in lower then guess we may head down across the board.

US numbers not good (well good for us) The short from yesterday is doilng brilliantly.EuroDoll and Cable Longs -fantastic !!!!Going with the flow -lets see what happens after the open.

rgds
zarif

I hope you closed that short, zarif.

Hmmm....I thought I smelt a (Federal) rat....but apparently not....The Men in Black

Snoball -closed the short in good proit and then took a long which just cloed earlier in good stead.Just looking atm.

rgds
zarif