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

http://uk.finance.yahoo.com/q?s=^NDX&d=c&k=c3&p=m20&t=6m&l=on&z=m&q=c

Since breaking the range, the NDX is now having trouble getting
back above the 20Ma. IMHO, it needs to break though this for the
bounce to continue.
At the moment it's stalling around this level which is also
circa the Wed/Thu highs.

Melnibone.

Do you ever use this chart Melnibone? It is quite useful. It shows the number of NASDAQ stocks above their 50 day ma.
http://stockcharts.com/def/servlet/SC.web?c=$NAA50,uu%5Bh,a%5Ddaclynay%5Bpc18!c19%5D%5BiLya14,28,56!Ll14%5D&pref=G

Thanks for that, Snoball.

I'll have a check into that and see how it ties in with the NDX
swing charts.

Melnibone.

Not exactly a rip snorting, action packed day today is it.

yes your truly right snowball. lets hope for better pickings soon

Afternoon all:
The Dow has been playing in a narrow range and yesterday was in the 35-40pts range not enough to swing a cat.
So what are we going to get today?
With greenbum speaking at 3pm est i think so be careful.
I think it will head south in the morning session and then track north with low anaemic Vols and this could be till labor day.
Remember they are master thieves and u dont want to line thier pockets with your hard earned dosh.
rgds
zarif

The Bullish Percent Index is pretty convincing.
As is the NASDAQ.
Not forgetting November election.

All set for a Christmas rally?

morning all

morning.

afternoon.any thoughts today on the dow?

A downward retracement ( in the direction of the main trend )is taking place, orky.
I think.

LOL! Oh, no it isn't!

Hello everybody:
Snoball Thanks for keeping the charts updated.
Not much happening on the boards or the market in general. Stuck in a rnage and better to watch until takes direction hopefully downwards.
Shorting the mini rallies and scalping atm.
I think Tomorrow Might give us the answers -but remember seasonal weakness in stocks in Sept. I think will hit a bottom good style most probably after labour Day and Downward bias till second week in SEPT. Then track Upwards.
Thats my view yours will be totally different and thats what gives us perspective.

rgds
zarif

ps: very quiet on all the threads.

ttt

Hi snoball:
Thanks for the update on charts.
Wonder whats in store for us today?
trade safely and wisely.

ps: the dow chart looks really squashed, the others are allright.

What are your views today?

rgds
zarif

zarif, I thought I would show a wider view.
It's ok in my browser.
Fridays action looked rather bullish to me.
The Bullish percent is as well.
Next week should be interesting.

Afternoon all.
So what does the Ym have in store for us today?
My view is that today and tomorrow is going to make hugher highs and then trail off downwards till say 29th sept.
Also triple withching coming soon aswell so be careful.
Heard on the news that Hurricane Ivan may somehow bypass Florida Quays so those guys in Oil be careful as Gulf Of mexico oil rigs will be safe.
Idexes are climbing a wall of worry - so trade wisely and safely.

rgds
zarif

Zarif

Can you explain triple withching

orky

Orky Just For you

Copied from Late David crocs site (www.snappytrader.com) -have a look atit as has a lot of educational stuff on there.

Double and triple withching:

What is so surprising is that many people were not even aware that this particular volatility regularly occurs on Double and Triple witching days - the actual trading period within each Witching Day is known as the Witching hour but many wonder if it is not some dark and satanic ancient ritual. It actually refers to the period when equity index futures, equity index options and equity options are settled/expire. These are at prearranged times and dates throughout the year.



Triple witching days occur in the US only and refer to the market machinations brought on by the simultaneous expiration of all three derivatives at the same time. This happens four times a year, on the third Fridays of March, June, September, and December. To be precise, the phrase is Triple Witching Hour, and refers to the last hour of trading on these Fridays.