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

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

The S&P chart looks like the Dow today.

i closed my two longs but opened a short at 10500 april. i am confused after watching the massive rise earlier today and wonder if we are likely to get below 10500 on the dow in the near term. any ideas people? anyone have an expalantion as to why we saw a massive increase in all three markets after such appaling news?

javid

Hi all,

Just logged on after spending the day shopping with
Mrs. Melnibone.

I see I've missed all the fun. I think you would have to
have been pretty quick and smart with a reliable connection
to have traded that little lot.
If your platform went down and the phone got permanently
engaged you would have been losing money as fast as you made it.

Javid, I think what you saw was pure trading. Bears taking profits
after the open and being chased up by Bulls. Bulls then took profits
whilst being chased down by Bears. Stops would have been going
off all over the place which would have added to the volatility
and exaggerated the moves.

Everyone will be wary now and matters should settle down a bit
as some protect their profits and others lick their wounds.
Don't ask me where it's going. Haven't got a clue.

My SKP longs seem to have sat bemused on the sidelines and then
crept up a couple of %. So I'm happy.:-) Should help to offset
Mrs. Melnibone's shopping.;-)

Melnibone.

 

1200

1190

1180

1170

X

1160

X

X

1150

X

O

X

1140

X

O

X

1130

X

O

1120

X

1110

X

1100

X

1090

X

1080

X

1070

X

X

1060

X

X

O

X

1050

X

X

O

X

O

X

1040

X

O

X

O

X

O

1030

X

O

X

O

1020

X

X

X

O

X

1010

X

O

X

O

X

O

X

1000

X

O

X

O

X

O

990

X

O

X

O

X

980

X

O

O

970

X

960

X

950

X

940

X

930

X

920

X

910

X

X

900

X

X

O

X

890

X

O

X

O

X

880

X

O

X

O

870

X

O

X

860

X

O

850

X

840

X

830

X

820

X

810

X

800

 

Another X just gone on the PnF chart.

So what are we looking at?

A new leg up or a Bull Trap?

Any views?

Melnibone.

http://uk.finance.yahoo.com/q?s=^GSPC&d=c&k=c3&p=e10,e20,e50,e100&t=5d&l=on&z=l&q=l

If you start at the open on Wednesday, you can lay a ruler
along that 3 Day (Wed/Thu/Fri) trendline.

Melnibone.

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

And so far, today, even after all those shenanigans, it's
still just chugging along following that same 3 Day trend.

Melnibone.

melnibone a quick look ant your pnf chart after a bit of congestion the main trend is maintained as a #"shuffle" pattern.Reckon on the way up.
rgds
zarif

Thanks for the reply Zarif.

The price action reminds us to be wary of trying
to buck a main trend and call a turn.

I bet there were a few Bears caught out today when
everything opened down and the Dow fell below support,
only to come back up like a rocket.

Melnibone.

S&P and Dow charts updated.

Hi everyone -early in today.
Snoball thanks on the updates on the charts.
Croc-nice of u to drop in and post a nice chart-please keep it up.

What are your views on the dow today? Mine are that not much happening results wise so should have plain sailing and make a move today (hopefully upwards!!).I think that it will shoot up at the open and than sail south possibly 2 days to retest the 10520 level than rally up this week past 10700 -to break the 11050 level.thats my gut feeling and of course means nothing except let the market decide your actions.

rgds
zarif