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 everyone.
Lets see what the market is going to throw at us today. My gut feeling is that we are going down.But we shall let the market decide our actions.

rgds
zarif

http://uk.finance.yahoo.com/q?s=^GSPC&d=c&k=c3&a=fs,ss,w14&p=e10,e20,e50,e100&t=1d&l=on&z=l&q=l

My EMA rope has now completely crossed over from Friday
and reversed direction to the downside.

Melnibone.

What happened at 15:30 to drop the markets?

I don't know of anything specific.

FTSE hit the Thursday bounce high mark circa 4470 and
promptly sold off.

As I've been saying on the Investors' Room thread, I think
folk are still trying to exit positions but wait while we
drift up towards resistance.
When we reached it with only 1 hour left to sell today,
plus the US is drifting constantly lower, then that doesn't
leave a lot of time if you still need to sell this days quota.

Just the way I'm reading it, doesn't mean I'm right.

Melnibone.

Hi melnibone:
Good short on the Dow and SnP. Just locking in profits and trailing the stops.U r right about the SnP -certainly has downward pressure so far.
any key levels to watch on SnP??

rgds
zarif

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

Hi Zarif.
Level for the downside is 1100.
Level for upside is the gap open and yesterday's high circa 1121,
which is also the trendline down.

A break above these levels could signal that we've had a swing low,
although Friday was technically an inside day so this would need to
be treated with caution.

Melnibone.

Thanks Mel.

Hard To call the market today:
Just being a typical "injun" and Scalping where i can.

Have to see where it turns after the 19.15gmt speech by Greenbum.Mind you he has atendency to bring the House Down at most times.
Short on cable is going Fine.( My opinion is that it has been a one Way street for a while and its about time to become a Dollar Bull.)

rgds
zarif

Just scalping UK stocks so far today.

No direction yet to take a position on S@P.
Will get interested when the Eurozone closes
and the S@P EMA rope sorts itself out.

Melnibone.

http://uk.finance.yahoo.com/q?s=^GSPC&d=c&k=c3&a=fs,ss,w14&p=e10,e20,e50,e100&t=1d&l=on&z=l&q=l

Everything starting to tighten up now.
May get some direction soon unless they wait until after
lunch and listen to the Fed's wording with the no change
in rates decision.

Melnibone.

Looking at the 200 ma on your 'rope' chart Melnibone, it all looks rather bearish still on the S&P.

Snoball: Missed you last couple of days.Everything ok I hope.
Lets see what greenbim brings today.

trade safely and wisely.

rgds
zarif

 

1170

X

1160

X

X

O

1150

X

O

X

O

1140

X

O

X

O

1130

X

O

O

1120

X

O

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

O

X

840

O

X

830

O

X

820

O

X

810

O

X

800

O

790

PnF doesn't look much better either, snoball.

Still waiting for this to print 1100 for yet another box lower.

We've come within a smidgen of it a few times.

Melnibone

Waiting for greenspan to start talking in 13mins.

Rates unchanged.

Job losses slowing.

Hiring lagging.

Risks of inflation and disinflation balanced.

Fed still patient.

Melnibone.

Everything knotted up again right on the S@P PP.

Nobody knows what to do. Lol.

Melnibone.

Good short on the dow atm.
The cable rocketed up at 19.15-20 and closed that and took a short atm looking good.

well done greenbum - no action is action.

rgds
zarif

nice one, zarif. 10100 is the one to break.

new low on the S&P.
I should be trading.

Gap open higher on the S@P filled.

Dow/S@P 10100/1101 supports held.

Looks like we may have seen the lows for the day.

Melnibone.