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

I'm with on that - short at 9767 (cash) with a stop just above HoD

Nice drop! I guess the SPX didn't like Thursday's high after all. Moving stop to just below entry (trying to resist the temptation of taking the 20 points)

Moving stop down to lock in 20 points whilst the Dow continues to coil.

Ok - cut and run job here. 29 points for the trade and good night.

You gotta think on a US holiday there are goping to be more computers playing the market than humans

Closed my short at around 18.30 hrs opened and 9732 closed 9697 =35pts at 15/pt = 525 gain.

I am now just watching and having a cup of tea.

rgds
zarif

No Need to Bet the Farm Ackerman

The Dow on Monday inched still closer to the 9807 target that has kept us on the right side of the stock market since mid-June. In the four trying months that have passed since I made that prediction, not a week has gone by that did not bring me at least one or two notes of credible dissent from technically astute correspondents. This week?s reality check, forwarded by a Colorado subscriber, comes in the form of Tim Wood?s latest Cycle News and Views.

Tim has supplied a jim-dandy compendium of quotes from bankers and politicians who in retrospect proved to have been a tad too optimistic in their pronouncements about the U.S. economy in the weeks and months following the 1929 Crash. But what catches the eye in his latest missive is a chart of the Dow going back to April 2002. Most striking is the way in which an overlay of NYSE advancing volume matches the Dow?s steep rally trajectory during the period March through June. But thereafter the volume of NYSE advances begins to fall steeply, then to flatten out, even as the DJIA has continued haltingly higher toward 10,000.

This divergence between higher price tops and declining volume peaks is bearish, suggesting that the underpinnings of the current rally are not very solid. It also lends technical weight to the possibility of an imminent price break in the averages. Against this evidence I weigh a robustly bullish outlook for two unquestionable bellwethers, Citi and IBM, that suggests the broad averages could continue to rise for at least the next 2-3 months. We don?t have to bet the farm on either scenario, but it surely behooves us to treat the nearly achieved 9807 Dow target as a potentially important one.

Morning everyone:
The UK market shall be opening in an n hour and the bourses I hope will be fine and going up.
Pump up the baloons with helium and up up and away we go...

I reckon we shall hopefully see 9800 today.

rgds
zarif

ps: Jeroo thanks for the info above.

The Dow also hit 9783.49 - a tad shy of the 9790.84 fib level on this chart. One other clue could be the 1.382 Fib level on the Fib circle. Definitely one to watch.

I took a tentative short out this evening at 9667 but covered for 29 points. I'm looking for short entries as these levels approach.

zarif
One word of warning..as many of us have been there.

It is easy to get over confident when you are having a good run. You start to move stops, increase your stake, think you can go against the trend. Before long you can see all your hard work undone in a couple of days of madness. If you follow the USA thread on the Traders room most of us had a really bad time a few months back following a couple of very good weeks. In fact a couple of people got wiped out or almost wiped out.

I hope you continue trading successfully, the market is always there and there is no pressure to try to beat it every single day.

Regards
Jeff

jeroo

can't see the chart? nothing's loaded....is it just me or does it need to be loaded up again.

thanks.

t.

oh, there it is now - reloaded the page and it appeared.

sorry, jeroo.

t.

Jeffmack:
point taken. I am not trying to beat it but was just creaming the harvest while i could. I nearly lost 3000 just a few weeks ago and by re-evaluating my stop losses etc managed to hang in there by the skin of my teeth.

How do you think the market is going to behave today???
Profit taking and some sell-offs - i hope.

rgds
zarif

Jeffmack:
point taken. I am not trying to beat it but was just creaming the harvest while i could. I nearly lost 3000 just a few weeks ago and by re-evaluating my stop losses etc managed to hang in there by the skin of my teeth.

How do you think the market is going to behave today???
Profit taking and some sell-offs - i hope.

rgds
zarif

Jeroo:
thanks I have copied and posted the links that u sent me on the email.Is it done right -please let me know if i need to redo it again

rgds
zarif

Alright guys and gals,
Are we ready on the marathon line waiting for the race to start.Dont forget dont pre-empt the market

zarif - looks ok here - perhaps the odd space between between links to increase legibility?

Signal Watch - Dr Bob - Right hard Edge - Raptor Research

What amixed msg the mkt is sending today.
Are we long or short today.
Reckon there is going to be abit of selling-off today and profit taking???

nb: Today is the day the astrologer on moneyam article on sunday reckoned that the dow will fall by 200 odd points!!!!!!

rgds
zarif

Where is everybody today?
I bet like me glued to the screen waiting for it to make amove.

rgds
zarif

Not exactly zooming around today, is it, zarif?