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

Still long the spx june future.
afternoon y'all.

Any idea when this greenspan is talking today?
good luck in your trades.

1930 GMT today

I think it's about 1500 GMT tomorrow, but not certain.

Melnibone.

many thanks melnibone.
Greenbum usually brings the house down when he speaks so shall watch the Ym carefully.
BTW how are you getting on with capital spreads? I use them occasionaly but am more at ease with Ig.
rgds
zarif

Capital Spreads is fine. Still not had a requote.

I use them for the US Indices and use CMC for my daily FTSE
Blue Chip scalps.

I play the S@P with Capital Spreads but am building up some
Data and experience on the NAZ100 with a view to trading
that as well.

I don't like the DOW, it's a small price weighted index, rather
than Market Cap weighted, that is easy for the main players
to manipulate.

Melnibone.

True melnibone:
Have u tried the forex at all. It seems to give good gains and moves and more liquid,stable and less prone to outright manipulation.Also with capital spreads u can try out with a 1/pt on most items which is useful sometimes to test the waters as such.

rgds
zarif

Not tried Forex yet, but I have been looking at Gold.

It's hovering around the 400$ level which may be a
support bottom if interest rates continue to stay low
and the $ starts to weaken again.

With interest rates this low you're practically in negative
interest rate land if you factor in inflation and the erosion
affect on your capital.
Gold can be likened to a safe haven currency in this scenario.

Melnibone.

Melnibone: Gold is definitely on a up trend it will base a bit then rocket up and so will the other coinage metals (espesially silver golds poor partner.)Copper is another one to look up at and with china and india the sleeping giants waking up.

rgds
zarif

Who pulled the rug out from under the S&P?

good short on the dow atm.

Greenspan does it again, and he's still got tomorrow's
waffle to get through yet. Lol.

10,400 seems to be finding support at the moment.
If the Bears can't drive it below this then they'll close
and take profit which will squeeze it back higher.

All depends if the Bulls want to hold 10,400 or not.

Melnibone.

Closed my spx june long for -7 points.
Short the june spx.

Closed my short.
That's it for today.
Too confused to continue.

o.k. never mind the confusion.
short the spx june.

That's better.

If you check a 10 Day chart, this is where the S@P
found support last week after the drop from 1150.

It needs to break through 1120 for the Bears to take
control.
Could be wrong, but that may depend on Greenspan's
testimony in front of the Senate tomorrow.
Let's see if it holds for the last 10 mins of normal
hours.

Melnibone.

Closed the spx short for 4.5 points.
nite.

afternoon everybody;
greenbum talking today -surely cant bring the house down twice or is ghe going for an encore!!!!!!.

managed a short quick earlier. now just watching.

rgds
zarif

He's already spooked the markets. Consumer debt is high
and he is intimating that interest rates may rise sooner
than expected.

Markets are worried that this will cause them to pull in
their horns and reduce spending.
Reduced spending means reduced profits unless you cut costs
further or increase prices which will increase inflation
which will cause a further rates rise Etc..

You get the picture. He's walking a tightrope.
Markets don't like uncertainty. Also the margined
speculative money will come out of the market if it
starts to fall further.
They can't keep it in if it's borrowed and they 'ain't' got it.

Melnibone.

afternoon everybody:
just got back in time for he YM open. The jobless figures were not good so lets see if it makes any difference after greenbums speeches and i believe there is more speeches due by other feds.

rgds
zarif