anyone out there palying the indexes and using spreadbetting
can we concentrate on:
djia
ftse100
cac40
dax

lets see what entry and exit signals we can come up with using
gann
rsi
to see if we can predict profitable trades and concentrate on stop losses etc
love to hear from you all
zarif

jules99
good morning,
great idea let us add a few more to the list and divide them into cfd and spread betting firms and then give them marks out of ten.

company: COMMENT: MARKS:CFD MARKS : SB NOTE:
IGINDEX GOOD SERVICE 7 4 VERY HEAVY ON SPREAD MARGIN
SPREADEX MICKEY MOUSE 2 2 CAN DO 1P NET TO TRY POSITION

RGDS
ZARIF

NB: SEND ANY USEFUL SITES ETC

The market is bullish.

Check this out The bullish percent Index: http://stockcharts.com/def/servlet/SC.web?c=$BPNYA,uu[h,a]daclyyay[pb5][vc60][iLl14]&pref=G

The Dow broke above the 55 day high yesterday.

snoball:
brilliant information and i think that you must put the site address for all
the newbies and oldies to bookmark for charts etc. I have not done it as it is yours to give them.

thanks again
rgds
zarif

I find the Charles Schwab Europe site quite useful for TA. The charts are a little small but you can display multiple indicators and shares on the same graph. There is also a basic glossary of all the indicators which gives you the theory behind their use.

www.schwab-worldwide.com/europe

Rich

richstuch:
very good site and informative

also try

sardines plaice.com

rgds
zarif

another great site which has interactive tutorials ,signal generators etc and is giving 30days free trial. I just checked it out looks very very good

www.tradingsolutions.com

go for it and get the free down load as it has got tutorials etc on it

rgds
zarif

Thanks for info again..

zarif also try this US site for news...

http://bigcharts.marketwatch.com/

cheers.

Jules99.

dow falling like a rocket at open
can u suggest what it will go down to about b 4 heading north
good luck all and put all the witches at the stake
rgds
zarif

ftse closed in -ve territory
I reckon ( or hope) that the dow sheds about 100pts then i can hit the town.
What are your envisaged high and low points for dow???
rgds

zarif

Monday is here and so are we. What do you reckon dow is going to do? I think/hope that it will take a venture southbound first then go northbound.
rgds
zarif

dow and footsie going southbound today before going north. can u suggest any levels. top and bottom
rgds
zarif

any news at all as to where we are going except bust

rgds
zarif

Zarif,

are you looking to do this full time now, or everynow and again...sorry if that sounds like intrusion, it's just that Im thinking of taking it to next levl in few weeks time, need time to look at all pro/cons...and feasibility. Never traded index's but with enough experience and knowledge I may follow suite at some point...

ta.

Jules99.

Hi Jules
It is no intrusion at all.
I have decided to do it full time and am going to get as much practical experience and advise and help (inc tips that i can).This includes going to seminars (real ones not those Russ whitney and vince stanzionne types) and collaborating with traders online.

Also am not going to go crazy with the amounts of dosh that i stake. Must play it as astrategy game that no matter what the outcome is the whole pot is not gone.

Let me know if there is any seminars going on.I am in Chester, Cheshire.

There is a very good one that iwent to in Bredbury nr stockport By a Fred Stafford who Is to do with Gann Management (Gann levels etc) and it was free including superb lunches and there was no high pressure salesmanship either.

Thir email is: info@gann.co.uk and they have these seminars/workshops in cheshire and london


best of rgds
zarif

Zarif,

Thanks for info..every little helps, just sent for the video...will try and attend Nov 13th Presentation in harrogate this time.

ta.

Jules99.

hello and goodmorning to all

The dow was down and stagnant yesterday.
I think today it will see a retracement towards the 94hunderds levels.What are your views.???

rgds
zarif


nb: you are welcome jules.
Also there is a webite which is quite good.

www.trade2win.co.uk
check it out

how are we doing on the dow today.
it took quite a downer at first. how do you think it is going to play it out today.

rgds
zarif

What does the dow hold in store for us today???
I reckon we are going to be travelling norhbound today - so hold onto your seats for take off
rgds
zarif

Afternoon everyone:
An intersting article that i came across on my sorties in cyberspace.

Re: The 50% retracement article for the dow:

That level represents the half-way point between the all-time high of 11,722 reached by the Dow ($INDU: news, chart, profile) and its low last year of 7,286. The blue-chip average has been hovering around this level for several weeks now, closing modestly above it on some occasions and below it on others before ending Tuesday's action at 9,576.

As Jack Adamo of Jack Adamo's Insiders Plus newsletter put it recently: "According to Dow Theory, when a bear market rally makes up more than half the decline from the previous top, it is more likely to test the old high than the old low. Obviously then, that halfway mark is an important juncture."

Richard Russell, editor of Dow Theory Letters, adds: "I'm interested to see whether the Dow can pull up and away from 9,504, or whether 9,504 will act as a 'magnet,' and in the end be too much for the Dow to overcome."

I nevertheless have my reservations about this 50 percent retracement principle, for several reasons.

First, it's not clear that either Charles Dow, for whom the Theory is named, or William Peter Hamilton, who spelled out and interpreted the Theory in a series of Wall Street Journal editorials in the first three decades of the last century, ever mentioned this principle.

That's according to Bill James, a Sacramento-based investor and author who has devoted much of his life to studying the Dow Theory. James has been working on a book about the Dow Theory for 20 years, and not only has he not found any reference in Dow's or Hamilton's writings to such a principle, he believes that they would have "quickly discarded" it as being "too much in conflict" with the rest of their Theory.

Apparently, the 50 percent principle was instead introduced by E. George Schaefer, who published a newsletter in the middle years of the last century by the name of Dow Theory Trader.

On one level, of course, it shouldn't matter whether this principle is or isn't part of the Dow Theory. The key question is whether it is a helpful market-timing tool. And I'll get to that in a minute.

But it is important to be clear and precise about what any theory entails, for without that precision it becomes difficult, if not impossible, to judge its effectiveness in a scientific way. For example, if someone told you that the Dow Theory has a poor track record, you wouldn't know whether the Theory that was tracked included the 50 percent principle or not.

All in the interpretation

In any case, the key question is whether the 50 percent principle is effective. Answering this is not as straightforward as you might imagine, however. It depends crucially on how it is interpreted.

For example, Adamo's formulation of the 50 percent principle is true, but only trivially so. Even if the stock market's movements were entirely random, the 50 percent principle would still appear to be true.

After all, if I'm closer to the market's high than to its low, which would be the case once it has retraced 50 percent of the previous bear market, random volatility alone would make it more likely that the market sooner makes it back to that high before making it back to that low.

To study the effectiveness of the 50 percent retracement principle, I therefore measured the stock market's performance following periods in which it had retraced 50 percent of a previous decline. If the principle is in fact useful, then the market should have performed better following such periods than following other bear market periods when it had failed to retrace 50 percent of its decline.

Here's how I designed my study:

First, I identified the 18 major bull market tops that occurred between 1896, when the Dow was created, and today.

Then for each of these market tops, I identified the first date thereafter at which the market had declined by 10 percent. I examined all trade days from then until the market subsequently surpassed its previous top.

Next, I segregated all these dates into two categories. The first contained those on which the Dow Industrials had retraced at least 50 percent of the decline from its previous top; the second contained all others.

For all dates in both categories, I measured the Dow's performance over subsequent periods lasting three, six and 12 months.

What I found was that the market performed almost exactly the same regardless of whether the 50 percent retracement principle had been satisfied.

On average, over the three months following trade dates that satisfied the 50 percent principle, the Dow gained 1.0 percent. Over the three months following trade dates that did not satisfy that principle, the blue-chip barometer on average gained 1.3 percent.

Though this difference is not statistically significant, notice that the market actually performed better following periods in which the 50 percent principle was not satisfied.

Consider next the difference over the subsequent six months. On average following periods in which the principle was satisfied, the Dow gained an average of 2.4 percent, as compared to 2.7 percent following periods in which the principle wasn't satisfied. This again is not statistically significant.

And over the subsequent 12 months, the average gain was identical for dates in both categories: 6.1 percent.

To be sure, my particular formulation of the 50 percent principle is not the only way of interpreting it. But the results of my study suggest that it may not be as effective a market-timing tool as many consider it to be.

And that, in turn, suggests that the 9,504 level may not be all that significant after all.

where is everybody today?