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

1102.6 is a 55 day low on an end of day chart.
The turtle traders use this as a bear signal.
If the price stays below there it will be v bearish.
In my opinion.

I bit the bullet - i'm short the S&P.

closed short for zero points.

The 55 day highs and lows on the S&P

Wow in Dow Today as closed the short for 75 pts.
Just watching atm. and have got a short on the cable.

rgds
zarif

nice work zarif.
still short (again) on the S&P.

Snoball:
Managed a quick long and am just watching.
Added to the short on cable with a wide stop on June.
I reckon the dow will keep bobbing up/down and than hopefully will sell off towards the close.ImHo.

rgds
zarif

Short was stopped for a point.
previous short was a loss for 5 points.
just watching atm.
tend to agree with you re sell off towards close.

Yipee what a short.Dow certainly went down.
Quids in atm.
rgds
rgds
zarif

decided on an overnight short as it all looks rather bearish.
watch out for a correction tomorrow.

nite

Morning one and all:
Off to a Gann Seminar at stockport by Fred stafford and Tony Zafar
Happy trading
Will keep u updated abt the seminar when i come back.This seminar is a two day affair.
Have left a cable long open June contract.

rgds
zarif

My S&P short was closed for one point.
Waiting to see whether to continue short depending on the close.

Have fun zarif.

Hi snoball
I am long the YM, just seen a blue position turn red

Scalped another point.
I'll be back later to post the charts.

hi jeffmack. good work. i've left it 'till tomorrow.
nite for now.

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 knotted right up now.
Could be revving up for a good move.

Melnibone.

Bit slow today, Melnibone, but still bearish for now.

Down 1.7 points scalping the S&P.

 

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Everything does seem to be getting Bearish, snoball.

Take a look at this, you know I'm a fan of PnF charts. They're usually pretty reliable,

especially when you correlate them with swing charts.

As I posted on the other thread today, FTSE also broke the double PnF bottom and

stalled when it tried to get up past the last swing low.

This has now forced me to switch strategy from buying Blue Chip dips to shorting

Indices pops.

Eustox50 is also looking Bearish.

Melnibone.

Updata still maintain a bullish stance with their interpretation.
This is from David Linton at Updata.

So which trend are we in? Short term we may be in downtrend, but the long term
picture is still fairly clear. Looking at a Point & Figure chart of the S&P
we can now see 5 'o's, the biggest pull back in a year. The trend lines are
defined (45 degrees) by the chart remember. Over the last year we have moved
from downtrend to uptrend. While there are lots of reasons to be bearish, this
chart is not one of them.