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

Many thanks Mel.
As they say great minds tink alike and Fools seldom differ.

good trading.

Took a quick long and exited just as quick.
Watching atm.

rgds
zarif

afternoon all. i went out in the afternoon and got back just as the markets opened. noticed a rise all round. just watching and trying to find and entry point for a short on dow and S&P.

javid

Javid -Nice to have u back on board to keep us out of mischief.
The market is like a Bus -Just jump on the one "heading in the Right Direction"It might not get u to the destination intended but at least you will have travelled.

rgds
zarif

LOL. very well said Zarif! by the way, did you manage to open my files? i sent the same to snoball and i think they worked for him.

Thanks Javaid:
No luck with the files if u can send again as pdf -will give it another go.
send to: zarif.virmani@btopenworld.com as this box has more mb.

Just got a short open june dow at 10238.

thanking u in advance
zarif

Everything is starting to flatline.

It's possible we won't get much US movement until
the Eurozone closes.

US seems cautious about pushing the S@P through 1120.
Looking for shorts like the rest of you guys.

Definately not risking any overnight FTSE
longs today. I've pushed my luck for this week with
doing that yesterday. No point in giving it all back
with the US bumping up against resistance. I can feel
a gap open lower on the FTSE tomorrow, in my bones, unless
it drops now towards the close.

Melnibone.

I suppose I should be feeling all Bullish at the moment,
but I can't summon the enthusiasm. The chart's are indicating
a swing low but with the DOW still below 10300 and the timing of
the rise to coincide with the Eurozone close leaves me feeling
very suspicious.

Any confident Bulls out there?

Melnibone.

added another short at 10260

zarif

Hope you are right zarif. I also went short earlier but this is starting to look a bit too strong for my liking (hope that will start the fall).

Do you have a stop?

BigBusiness:
In these type of trades i place stops which i keep re-evaluating:
SWIM -Small Stake With a Wide STop In THe Medium term Trade.

i hope it helps

rgds
zarif

Have kept the shorts running that i took out previously and have been doing scalps on the tops and troughs.Seems to have worked okay.
Wonder what it has in store for us for the last hour.

rgds
zarif

Looks like my position is now medium term as well. I have hedged a bit using a daily spreadbet as the Dow doesn't look like falling (perhaps that will do the trick).

Dont forget its tripple witching on Friday so any current shorts may come good on the last day of this week if not before.

Javid

javid: just added another short at 10280 june.
so got 3 shorts atm: 10238 ,10260,10280.
Lets see what happens.

rgds
zarif

I would expect some down move tomorrow after the strength today. There is certainly a lot more volatility lately and it wouldn't be a suprise to see todays gap filled soon. I just hope the down move wasn't another false alarm.

BigBusiness:
It will retrace and also as Javid said Triple Withching on Friday.
Markets "go Up slowly But Come Down FASTER"- Anyway hope so.

rgds
zarif

Good morning guys,
I opened a short last night at 10,290. I am expecting it to come down today or tomorrow.
For triple witching I have noticed previously you get what the traders refer to as waves and during the course of the day their is normally three waves. First when market opens, second at 12pm ish (EST) and then in the last hour. A wave is a market swing and time beofre last I made a lot of money when the day before I thought I might have been caught out with a position that didnt look likely to close. Well, it closed on that Friday with a huge profit.
Looking forward to a good trading day.

Hi javid et al:
Lets see what the beast has in store for us today and see if we can dig the gold out of its lair!!!.

I think jobless figures out today and philly fed later on.

I think they are calling it "quadruple witching" now due to eminis.

rgds
zarif

You are quite right Zarif, it is quadruple witching tomorrow. I would expect some ups and downs on Friday. Dont think we will have any real direction though, just wide range channeling.

Locked in profits on the shorts.
Just watching atm.