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 calling it quits....made a bad call to go short (AT THE BASE OF THAT NASTY DIP) and therefore lost my profits from earlier.....

t.

oh no terod.
I closed out the long at 9758 when it spiked up.

rgds
zarif

bad luck terod. At least you recognised it as such and got out.

The Dow is approaching the point at which it started its previous downturn.
Hence the hesitant day, I imagine.

nite

I think u r right snoball.
I think i got out at the right time with my latest long opened at 9719 at clsoed at 9758 =39 pts at 5/pt =195.
I didnot do a big stake as have this gut feeling like last time that even though there are bullish signs/news it is going to go down like a sack of potatoes.


ps: thanks for the weblink that u supplied me before.I cant wait for the new toy to arrive.
As they say "We traders do it in Front of the Pc!!!!!!"


rgds
zarif

zarif, Investorease provides metastock EOD data for just over 10/month.

Diego

Ah, but he's got real time, Diego. The big boys toy.

zarif, i'm going to make a prediction (which I studiously avoid doing normally) as an experiment.
I am not betting on it.
Tomorrow will be a down day (but not sure if it will be a sack of potatoes day).
This prediction is based on today pattern at the Fibonacci level of 9776. See the chart.

Boy did you see the market shoot uop just before around 13.30gmt.
I think its going to touch past 9850 dec dow then take ahike down.
I am going to leicester but will have to deal by telecon.

rgds
zarif

Looks like the Feds are winning, unsurprisingly.

Anybody sell the double top at 9840?
Not you, Mega?

Hi.Everybody
Back from leicester about half an hour ago.
I had a Short on from yesterday and it closed off auto when reached giving a gain of 35pts.

Today seems to be stuck and going sideways -no momentum or volatility to give and trade opps. Stuck around the 9775 =/-10.
Looking like clouds gathering and storm /tempest to break out. Dont get caught in it as it can swing either way. At this time money in pocket is best strategy.

rgds
zarif

Afternoon everyone.
Hope u all had a good weekend and are ready and fresh to do battle with the Dow again.
The ftse100 seems to have had mild gains and above 4300 mark.
I reckon the Dow is going to try for its upper mark at 9850 and then make a journey south.
As snoballs graph shows watch the 9775 region and dont jump into the fight too early.Let the market dictate your actions.

rgds
zarif

trin is at 1.06 on 14.15gmt.
Auction starts at 14.30 -Watch the auctioneer carefully as they might be taking bids from the Aisle and the Chandeliers. Make sure u buy/sell at your price.
rgds
zarif

opened a long b 4 at 9816 and closed at9860 dec dow = 46pts at 10/pt
Opened a short at 9850 and am just watching the screen
rgds
zarif

hi zarif,

i've closed out my long too and am also sitting on a short.....fingers crossed.

i'm beginning to understand a bit more about how DOW works. it seems v.much to be about support and resistance on the day??? would that be an accurate assumption?

what do you and snoball mean when you talk about the FED's supporting/propping up the market - i have my own ideas but what DO YOU mean?

hope you have a nice weekend.

t.

Terod:
I have got a short out 9850 - keeps on getting into cr/debit am waiting just like u to see if it takes a decent hike down. As they say what goes up must come down -unless it can fly!!!!

You are right best to look at the whole picture rather than isolated bits-and let the market guide your action rather than try to predict.Also bear in mind the general trend as failsafe mechanism

With the feds "men in Black" - the Yanks including their govt support themselves much more than our lot at ftse. The fed reserve pumps in a lot of money to hold the market -unlike our Boe who -take it out any which way they can.
Any idea when the results are out for economic data from Us????

rgds
zarif

zarif,

at what point do we decide that our SHORT is no longer viable - do you carry it over from day to day? my position, with its spread etc. is currently neg. and i need it to drop below 9865 to b/even.....

do you think it may head further north, or it +80/90 high enough for the day?

t.

terod, you should decide how much you are prepared to lose before opening the trade.
You can trade on an intraday basis or over longer periods, it depends how you see the market going.
It could head further north and there again it could head South.
You just have to make up your mind.
Personally I would hate to tell you one thing and have it do the opposite (a common occurrence). My concience would'nt let me sleep at night.
(Excuse me butting in).

What I will say is that if it CLOSES below 9850 I will venture a short.
I don't know if it will or not.