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

Not me, i'm just not trading the us indeces for a while.
Feel free to add your own comments.
I think zarif and Melnibone contribute on the Traders thread more often than here now.

There's not much to say really, Terod.

Indices are still range trading in the noisy area on the P@F
charts and the swing charts, although saying sell the pops,
aren't really that conclusive, IMHO.

Lot of margined traders are getting burnt trying to call the
noise and trend/swing traders haven't got much of a trend
to follow.

All I can say is, if we drop, then watch the last lows on the S@P.
The main year+ trend is still up until we do actually turn down.
And we haven't done that as yet.

Folk are saying sell because of the proposed interest rate hikes.
Fed's already said rises will be gradual in line with growth
and inflation.
So what are they saying?
If GDP/Profits/Employment are all rising then we get a market crash?
I'm no economist, but I think not.
What are we meant to do in a depression?
Fill yer boots with stocks? Lol.

Melnibone.

Afternoon all:
Nice to have u back on board terod.
snoball,melnibone a good afternoon to youy aswell.

The figures are good and before that they were crying about int.hike-now that it is probable they are crying.good news bad news no news -the YTm seems to do what it wants.
For me best thing is swithch the volume OFF on the gloomberg,Cnbc all these experts are "just fitting news to the item or the item to the news."
Watch the TA and Fa and let the market decide your moves.keep tight stops and if in doubt stay out -no harm in sitting on the fence -a no position is position of merit.

Me i am Indian (wrong continent -in fact Uganda, East Africa)by Birth and hence By Nature -Best at scalping.

Closed the long earlier and have got a short on at the moment.

IS there a Fed meeting on Today at 19.30 GMT today?


rgds
zarif

Please keep posting and adding as all advice good or bad is welcome.

good nite all:
have a good w/end.

WOW in DOW today on the shorts.

rgds
zarif

Dow has dropped over 30 points since the close. Why did I not short, as I was thinking about it?

Dow & S&P charts updated :-)

hi everyone, I'm not too hot with technical analysis but I see it this way, there's a lot of great news out there, the "quality" stocks I own are at their support levels, the "iffy" stocks have broken their supports.

the institutions are waiting for the stocks they want and then will start buying.

I think the Dow's gonna shake hands with 10k and then start going back up, this may coincide with lloyds saying hi to 4, hbos tipping it's hat to 7 etc etc I know i've only mentioned financial stocks but there they only ones I can think of at the moment as trying to watch friends.

Feel free to suggest with considered thought why I may be right, otherwise laugh out loud and degrade me if I'm wrong, I seriously won't mind, because I won't be able to read your posts, unless they will be tatooed on my shirtless back or engraved in the barrel I will be wearing.

Sounds pretty good to me bush.
An erudite and considered analysis as good as any other I've read except,
perhaps, those by Melnibone. :-)


Have you sacked Rumpsfeld yet?

Thanks Snoball

Not yet, waiting to see what the other photos look like, the last lot got mixed up with some family holidaying in Switzerland!

LOL!

afternoon everybody:
sea of red everywhere.
Dow looking weak atm and broken 10000 level.
Had a good short on from friday which i am keeping going atm.
What are your views for today?

rgds
zarif

closed the short earlier with a profit of 80pts and am long now.

NDX bounced off the 200 Day EMA, same as it did in March.

I'd be careful of calling a breakout of the range and trend
by going short at these levels.

I'm looking to go long on the NDX, but may wait until tomorrow
to see the close price. I don't know how far the market will let it drop
before it starts to buy again.

Bears have the profit at the moment, and the only way they can take
it is to buy stocks back. Unless they think we're now in a Bear Market
with rising GDP/Profits/Employment etc.. and the US election is going
to be cancelled. ;-)

Melnibone.

Not exactly Armageddon, was it?

Dow/S@P/NDX circa 10,000/1085/1400.
Ftse futures back above 4400.
Dax futures back at 3800.

I'm disappointed, I was hoping for cheaper prices than this.
Snare the Bears with a honeyed carrot and then squeeze.

Still, there's always tomorrow.
We're still near the bottom of the trading ranges, nothing's
really changed except the addition of a lower box on the S@P
P@F chart.

Melnibone.

Watch the bounce!

afternoon gang:
The futures are looking Ok atm and the "sea of Red"seems to have vanished on the European Bourses. As melnibone Quite correctly pointed out:
Dow/S@P/NDX circa 10,000/1085/1400.
Ftse futures back above 4400.
Dax futures back at 3800.

Also as Snoball says "watch the Bounce"

As always be careful and trade wisely and safely.

rgds
zarif

If you look at 2 day charts, the US indices seem to be
stalling out at yesterdays trading highs.

MA's are slowly moving up. Don't know if we'll break these
highs when everything 'catches up', or if we reverse again.

Dow doesn't seem to want to move far from 10,000.

Melnibone.

Melnibone: You are right the dow is reluctant to move away from 10000 area.Best to watch rather than pre-empt the move.Best to Jump on the bus when you know which direction and destination its going to.(we dont want to board the wrong one and wrong destination).I think also after the bell CISCO is reporting.

rgds
zarif

Cisco is meant to be beating the street.

If it mucks up, longs will be jumping overboard, closely
pursuing the rats.:-)

I would have expected more short covering than this, today.
It begs the question, how much of the fall is longer term hedging
and actual institutional selling rather than short term trading
shorts?

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

Nice knot forming on the EMA's.
Which way's it going to break?

Melnibone.