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

no idea what it will do, zarif. I moved my stop up to break even on the Nov future. It's a free bet now.
If it closes above 9541, I will consider it still long.
Good luck.

Trin looking bearish 1.17.
May not hold 9600 support.
Hope it does.

Futures up nicely this am.

Hi:everybody
i have left the long open from yesterday and see how it goes.
What do you think its going to top-out at today.
I have this gut feeling that it will shoot up and then fall like a stone to about 9480 within the week.
So my strategy is shorting in the main.

rgds
zarif

hi zarif,

not sure if this is relevant to you, or if i've read it right, end of day DOW showed momentum divergence.....which would indicate a rally today. i'm hoping so and have gone long.

t.

Terod:
Thank u very much for the info as i have got a long open on dow dec from lastnight and is in positive territory so best to hold for the top before attempting any shorts etc.

trin is at 1.15 at 14.21gmt

There u go terod -well done u are a fast learner.
Ps: how are u diddling with igindex.?

Have u tried any trades as yet on the indices etc?

Nice to have u back

rgds
zarif

zarif,

yes, started with IG but (as you can see) keeping a very low profile while finding my feet - got a load of second-hand knowledge and am now trying to sort the wheat from the chaff, only dealing CFD's until my nerves are ready to tackle SB...good luck today.

t.

zarif/snowbal

btw...not really up to speed re: trin (tick 'n trin??) can you sum up in the style of 'trin for dummies'...cheers.

t.

Terod:
re: tick and trin
Look at the link below as it explains it quite well.

Basically it is an estimation of overbought and oversold.
generally the lower the nuber the more bullish scenario
eg:0.16 very bullish possible rally into space
eg: 4.86- market v.bearish -down like a stone


http://stockcharts.com/education/IndicatorAnalysis/indic_TRIN.html

rgds
zarif

thanks.....

is it time to think about a short ? doesn't seem to be much direction, and some resistance over 9670....

t.

terod:
Keep your stp losses tight and i have this gut feeling that it will reach around 9660 if not over b4 it takes a tumble.
Also the market seems to be mioving up b4 the feds decision -could be good sign.
keep me posted.
rgds
zarif

Moved my stop (november future Long from 9564) up into profit.
Don't want to make it too tight as the system in the header has been triggered long and I want to trade the plan. There might be some evil swings today.

zarif, I've posted on the Metastock thread.

Trin still bullish @ 0.77
edit: what am i talking about.
below zero bullish.
above zero bearish.

Long from lastnight at 9586 and in profit at present.
I hope it rallies today as most if not all news looks good and ftse is not dragging it down at usual extent.
Seems to be stagnant at around 9640 waiting for fed decision at 19.15gmt.

Many thanks for your advice on metastock and i think i will go for it and see what i can get it for

rgds
zarif

zarif, make sure it is real time if that is what you want.
I will dig up the source for Metaload if you need it.
If you need any help with it let me know. I've got lots of code for all kinds of indicators and systems. Good to play with.

I closed my long for 100 points. It hit my limit stop, which surprised me.

I may go long again at the close.

Many thanks snoball.
i will be glad of your help and surely i need it as most of my trading uptil now has been on instinct and letting the market tell me what to do.
closed my long at 9693 (opened 9586) = 107pts good profit. I hope the gentleman with the software agrees to the sale.

What are your views tomorrow.?
I think we shall get some more bullish behaviour and hop ftse doesnot drag it down.
just watching the screen to see what it tops/bottoms at.

rgds
zarif

It's too early to post the chart yet but I see no reason why 9800 shouldn't be reached before long. Maybe 50 points tomorrow after some profit taking.
Who knows?
I'm going to look for some early downside and then long it.

look at it go! The men in black don't faff around do they?

you are right snoball.
the yanks do support their market unlike our lot.

rgds
zarif

At least we know they are doing it and can follow them.