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

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.

zarif,

looks like mom.divergence signal worked for us today. closed off long off just over 9710, well into profit but well below the final push up (didn't want to be greedy and risk a sudden down turn).

holding nothing overnight - will see how it fair tomorrow.


rgds.

t.

Terod:
well done you!!!!
Glad you held out and it paid off-great feeling isnt it?
I think it will go up slightly then they will take profits.
Best to wait till tomorrow b4 putting a long or short.
See what happens with the jap mkt and our ftsee -hopefully wont drag it down.
Watch the market and let it tell u what to do rather than predict its action as it always does the blasted opposite.

rgds andwell done again

zarif

hi everybody:
Just waiting for the dow to open.
I took out a short lastnight opening at 9715 and is in positive territory at present.
I think the market is going to slide down then push-up and hopefully give chance to take some longs when it bottoms out after the initial open.

the trin is at 0.67 13.15gmt


rgds
zarif

snoball - i bought the metastock from nick and cant wait for it to arrive and test it out.
boys and toys eh

will keep you posted.
good luck on trades today

rgds
zarif

SNOBALL

as you know about such things....how would you rate eSignal? they're offering it at special prices.


thanks for any info.

t.

just an update:
Closed out the short at 9687 just after open (9715-9687=28pts@20 is 560 gain) and took out a long at same time opening at 9703 and looking good at present.
Do you reckon we are going to touch 9800-9850 and then hurtle down with profit taking and Gdp results out this week sometime.

rgds
zarif