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

Morning all:
Went to gann trading seminar yesterday and met harlosh there.
I managed home in time to "Short" Circuit myself yesterday and managed a long aswell and closed all positions off in positive territory.
I think today is going to be choppy and We should have our short daggers ready as my gut feeling is it is going to be a "Dow-ner" before it heads north.

Jules -nice to have u back i nearly thought we lost you since u took the train to leeds!! (if it falls below 9725 then i reckon we will toch 9600,s before it makes north again.

Snoball: thanks on updating chart-we are all indebted to you.Only one suggestion -please do include your comments and analysis on it as it will help others quite a lot.

rgds to all
zarif

Afternoon all:
Since i was waitig with nothing to do as yet.I have decided to put on a few of my ramblings:

here goes:

Since i keep on using the analogy of a ship and us being the ship mates my idea is as follows:

"LEARNING IS LIKE ROWING UPSTREAM;NOT TO ADVANCE IS TO FALL BACK"

For our ship to reach destination safely we have to work as ateam and use each others specialities ( This is for Snoball -who with jeffmack etc have been a godsend.

"Chart is like a map,the more information each one provides,the better chance of our ship reaching its destination safely"


rgds to all
zarif

The countdown has begun...
One chance to have a peaceful cup of tea before we set sail ( no long ships today i hope) just a Short cruise would be nice. Destination USA. Port of Call: Las VEGAS - The Casinos about to open !!!!!

Goodluck everybody and trade safely.

Remember the trends your friend - It is always easy to run down a hill then up.


rgds
zarif

Today's figures (in case anyone missed them):

8:32am 10/17/03 U.S. HOUSING STARTS BEAT CONSENSUS ESTIMATE OF 1.82M

8:30am 10/17/03 U.S. SEPT. HOUSING STARTS UP 3.4% TO 1.89M PACE

8:30am 10/17/03 U.S. SEPT. BUILDING PERMITS OFF 2.2% TO 1.86M PACE

8:30am 10/17/03 U.S. 5-MONTH AVERAGE HOUSING STARTS 1.84M VS. 1.79M

Thanks jeroo for the info

Whats your position today ( no not standing up or propping the bar -Chance would be fine thing).

Keep us posted
Just took a short out at 9790 dec Dow.

rgds
zarif

Wow! This volatility is scary!
Moved my stop down to break even.
(Im short Nove future @ 9779).

zarif, will add some comment to chart.
(I thought it was self explanatory, but then I would, wouldn't I)

Trin @ 1.30. Keep your shorts on.

Stop moved down my stop loss for a 19 point profit.
I've put a limit stop on for an 80 point profit as well.

It feels good to be in a win/win situation for a change.

Got to go down the launderette now.

just closed my first short at 9703 (opened at 9772) giving 69pts nett gain.
Looking at more opps.

What do you think it will go down to?

rgds
zarif

Afternoon all...been a while but made two quick exits from Dow ...CMC a mess tele lines not working earlier...agghhh...!

1st from 9791 -9737 - 54 points..

2nd -9763 - 9747 -15 points -

830 quid...

taken a $10 long out from 9747 -

inc case it heads up again...20-30points again...to 9767

If it heads south Im happy...what do u all think today?

Jules closed the first short at 69 @20/pt =gain of 1380
have just opened a long at 9738 and keeping options open. I think i am being greedy and hoping it will touch 9790.
Any we can hope.
nice to have u back
Will keep u posted as how we are sailing or cruising during the day.
Watch out for the sharks and typhoons.South china seas are notorious for this and in our case Pacific is not that peaceful.

rgds
zarif

zarif...glad to see u smiling as usual...

I still have 65 shorts, but now im able to go long also...which I was not able to do before...Will leave long open for an hour or so now...I want to try and learn how to hedge both sides at the same time...you did well opening long at 9738...well done...good call..

I visualise market heading upto 9780/9790....but closing around 9735...

and heading south On monday....

But what the hell do I know...lol...

Jules99.

Jules:
Your thinking is the same as mine.
Mind you they say "great minds think alike and fools seldom differ"

happy hunting - watch out for the u boats!!!!


rgds
zarif

DOw seems to think there is treasure at 9746-48 range...???
hovers around forever today...!

jules99.

Jules: Just opened another long at 9710.
You are right seems to br range bound at present. Maybe they have left the machines in charge and gone away for lunch (could be vice versa and the machines are having lunch and i hope its not us for their snack)!!!!

rgds
zarif

9710...??
9729 is the lowest it fell on my indicator...IG let you have a long from 9710...excellent...

Im long from 9747/50 today...either way I get something today...:-)

idealy upto 9790 and then a reverse....

Jules I am on Dec Dow and it opens at 9718 (not 9710 my typing error) the lowest it went was at 9700 on igindex dec dow.

What is the spread like on cfd that u are using as i am on sb.

rgds
zarif

Snoball mentioned trin @1.30 can anybody explain as i am not up on tick/trin??

many thanks -should have asked snoball -But he is at the Launderette!!!

rgds
zarif

dec dow...intersting as I trade CMC DOW30 FUTURES...opened at 9791...been as low as 9729..

CMC CFD spread is 5 points but the spread is never in your favour, they definatley skew...by being able to short n long helps though...

SB I dont do...ZARIF do u have a long and short OPEN at same time..and do close u close all positions evry nite...?

Jules:
I take long and shorts most of the time when i feel they are at extremes and if there is mid range that is giving a margin up and down then will take simultaneous long and short.(these i close as soon as they get in decent profits).I sometimes end up leaving either a long or short open for next day and if feel that it will be fulfilled soon.

My god when is it going to take a trek upwards?

rgds
zarif