The market seems to be selling-off on the back of limited bad news imo, apart from the dollar that is.

If you can hold your nerve and apart from any short term requirements to offload poor performing stocks, I have a couple!!, my advice would be sit tight. This does not have the feel of the tech(mining!) bubble at all. Difference being there are a lot of good fundamentals, unlike in 2000 when there were a lot of over rated nothing companies.

Snip - I don't understand candle charts, so what does that mean

looks good
look at the bottom macd histogram. See the shorter strip on the right. Looks as though there is a turn on the way

Technically Cynic, it means that a number of people have taken a good shafting! ;))))

See that long thing on the right, well whill all those long blue things knocked may people around and finally to the ground, that big long thing came along and delivered a damm good rogering!!

TA - Only for the experts!!! LOL!!!

I don't disbelieve you; just don't understand the system

and is a lit candle joyful or painful?

typical investors board. No wonder the traders don`t often come on here. Can`t have a decent discussion

ok snip .... presume the blue and red lines are MDAs ... if so, what periods and does the red one form a resistance?

btw, am also slightly concerned for the morrow that DOW is struggling to break through the psychological 11200 barrier .... It has been stalled just south of it all morning and fear that if no break upwards, then later in the day may see further selling which will knock on here

Then go Short:-)
Best day for a long time.Thanks to hefty(for me) ukx long from 5515

I am at the moment at 5684, and watching carefully

Wedge forming on the daily dow , could blow big time either way in about 2 hours!!!

If it goes down thru 11160 we could see a 100point fall, which i think is more likely than the alternative which would have to see us breach 11200.

Nice, sitting an watching Dow looking to break upwards
shame it never reached my 11160 entry point this time.
Break 11200 and we could go woosh. Will be a nice time to close some longs before the big crash that is coming!!

OIL and GOLD UP
Gonna be a good day tomorrow for minerd and oilers if this holds!!

and down she comes again!! tight stop around 11200

quick 7 points taken!!

wish this thing would make up its mind!!

cliff-hanger ain't it! In many ways, i would love to see DOW whizz through that 11200 mark, but so far it has shown absolutely no interest in doing so ..... Menawhile, my FTSE-short is 2p(!) in the money and have set quite a tight stop on it in case it shoots upwards.

Great day today, and fingers crossed we might see the magic 11200 from dow than hopefully another blue day tomorow,as long as the minds are positive,should think a good day tomorrow.

Unless there is a sudden an unexpected surge within the next 20 minutes, DOW is not going to touch 11200 ..... In fact, it would not surprise me to see it tracking back to little above break even on the day ..... Sorry to sound so gloomy, but I think tomorrow could see a reaction in London where (imo) today's rally was overdone .... With luck, any reaction will prove to be just consolidation at a slightly lower level, say 50/75 down on tonight's close

Than again dow was down yesterday,but we opened higher we might be for another surprise day tomorrow,after last two weeks declines,oils and miners looks a good bets at the moment and does need some correction, i think it was over done,lets be positive,i was not even expecting to start blue today,was a good day for every ones concerned,and managed to regain some what was lost in the last couple of days,and hoping for more recovery.

Dow finishing down , today was mad here , can't see it doing the same tomorrow ,mind you in these markets anythings possible .

would much rather have been proved wrong ...... for all that, i hope rather than expect that London's reaction in the morning will not be too grim ..... suppose i had better keep those shorts running