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

managed a good long on the cable and am short at the moment and in profit will close it soon then wait till fed time.
My thinking is as follows:

Fed days usually follow the pattern of tight range into 19:00 and then move back into 19:15, followed by 2-3 spikes and then the direction....


so going to harass the kids for a while and a cuppa tea.

rgds
zarif

my list of about 10 nas/amex equities just seems to be chopping about with no real progress just yet. have learnt to my cost to leave it alone when its like this so i'll come back tomorrow when the market has sorted its head out...

hi all:
Just closed a good short on the dow and am getting ready to go to leeds for the yorkshire traders meeting.
I think we will see the market go northwards around 19.00-19.30hrs and then make a trek downwards to follow on tomorrow.
just my opinion-yours may be different.

rgds
zarif

Ym on holiday today and so i am downing tools for today aswell.

Went to a seminar by Tom Hougaard on Saturday at Oulton Hall, Leeds and must say thoroughly enjoyed it.

Going to read through all the material again while not trading today.

rgds
zarif

The Future pre-open have done a U turn and are negative. I wonder at open if we are going to dive down or have a trek northwards as usually the !st week in July is and upwards after July the 4th holidays. As they say all will be revealed soon......
rgds
zarif

managed a good short on the dow and long cable came good aswell. Just watching the dow atm as it seems to be making a "U " shape of sorts -well i hope it does than maybe take a quick long scalp. Will wait and see.

zarif

Afternoon all: We had the dow closing in negative territory yesterday and so were most of the bourses in europe aswell.
Today the futures are mildly positive so far the nasdaq is crossing the 200/50day ma and showing weakness. Are we going to have a bounce up or ski down. Usually after a steep drop the market consolidates in a range so better to watch the 10190-10250 range and let the market decide our actions.

ps: no posters on the thread at all lately -is it me or my aftershave?

rgds
zarif

It's the aftershave. :-))

smell`s a bit dont you think.
has to be a sea of blue,and a bounce of 150 points,,,,,,,,,dont wake me up.
has to be on the up,,dave.

daves dazzlers and prodman:
Nice of u to come on. so far ranging and giving small long and short scalps. had a good long on the cable today.

ps DD have asked Tim by email as to how he came by the name The Priest so soon all shall be revealed!!!!

rgds
zarif

it looks like the dow will end up,its about time to.

Morning all: came across this while browsing and is an intersting read so think of it what you may as the writer has done a bit of work using Gann Cycles and numbers.
rgds
zarif

The Dow remained ABOVE 10190 yesterday and also Broke 10245 briefly
finding a high at 10266.

FORTUNATELY FOR BEARS, SO FAR ITS SOLD OFF on the Overnight mkt and
looks like the futures have found new lows.

MY BIG problem NOW is what to expect today.

WILL the market sell off again on the cash market, OR will its turn
back up.

THERE IS A FAIR POSSIBILITY that today MAY prove a MAIN turning
point. TODAY IS EXACTLY 72 years since the 1932 LOW and is a day Ive
awaited for for some months NOW.

72 is a MAIN GANN NUMBER AND CYCLE.

I HAVE TO SAY IM A BIT DISAPPOINTED with where the markets at to
think theres a GREAT possibility of something very special is likely
to occurr.


IF HOWEVER the Dow breaks 10170 today finds a low between 10080 and
10,000 , I would THINK theres a GOOD probability the market will turn
and rally..

TIMING ISNT GOING TO BE EASY as I UNFORTUNATELY do NOT have accurate
data going back to 1932 to give a potential main timing point.

At a BEST ESTIMATE IF we make a LOW as described around 16.18 to
17.30 hrs
Although I also have one potntial high signal in between this time.
However it may be an inverse.

or between 19.00 and 20.00 hrs UK

MAY be better watching PRICE today as an entry point IF the mkt
reaches these levels.

Times UK for EST - 5 hrs

5.48

6.30

7.21

*8.05

9.19

11.11

13.17***

*14.38********???

15.08/
15.14/20*****
15.42/48

16.09
16.18********
16.56

*17.02/08*suggests a top
*17.14/20********
17.31/35?????????

*18.24/28*******
18.47********
18.57*********

*19.02*****
19.26/30
*19.49/53*********

*20.03/09/14*********
*20.34/38*************
20.58

its a flat market,god i wish i was on holiday.lets hope they stay at least 5o points up at end of trade.

Daves Dazzlers: U r right the market is flat. I think the best thing to do is short the mini rallies atm. I think we will probably have an up day tomorrow.
Anyway for today all shall be revealed in a few minutes.
Dave do you do currencies at all as atm the cable,euro etc are doing well.

rgds
zarif

no ,but i just thinking that the dow was good value,at the moment .

Hi Zarif , its the aftershave! Always read your daily thoughts. I trade the dow and US stocks in motion. To-day was Yahoo 90 points and out. Regards MM

MM:
Well done -u have got the right idea as at the moment its best to be in and out quick. Its bad enough to get the entry point correct etc then the biggest dilemma is "when to hod and when to fold"
Nice to have u on board and please keep posting.Just as a car needs fuel to keep going we need the posters to give us "views" along the journey.

rgds
zarif

Morning all:
Tom Hougaards thoughts for the market for today.

rgds
zarif

Good morning,



The odds are strongly favouring more downside, but you know as well as I do that the markets dont move down in a straight line. That is one reason why I give key levels every day. The strategy today will to biased short below 1118 in the SP500, and maximum short below 1112.



Stocks like EBay got hammered yesterday and we are short those glamour names. There was a big cycle turn last night but it remains to be seen if it will generate higher prices today. We closed at the lows last night and there is little buying interest in Europe this morning. Below yesterdays low should lead to the first square root target of 1095 off the highs.



The model for the year is supported by the 20-year cycle which points to a low into 26th July. From then on a strong rally will develop.



If any of you follow the TRIN signal we are in the territory which is usually associated with previous lows.



I got today as moving higher off the open, but only momentarily. From then onwards the market points lower the rest of the day. The odds remain high for further downside and a test of the 1100 area in the September SP500 futures.



Have a nice weekend



Tom

Below is an image of the market cycles and to date has been following well
i reckon 10250-10260 tops and then down to atleast 10130 ish lets see what happens -this is my view yours may be different
rgds
zarif

bloody hell,the dows up,,,,,,,,,,,,make`s a change.