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"

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hi zarif, hope you had a good w/end....i think the gen.concen. is as you say - i think you're right to go short and then watch for upside for s/term long opps.

good luck.

Terod:
Have a read on Crocs Day thread -quite an interesting write -up on corellation btn dow /ftse.

What do you think will be the downside and tops today?


rgds/best of luck

yes, i read it (10month cycle??). gotta go out on school run with a short running - with any luck the gods who shine on you will take a liking to me while i'm away from the desk....

t.

Just closed a short for a small gain of 200 -not much volatility as yet -seems to be moving sideways in a range.
be careful as can hit out like a cobra.

rgds
zarif

ps: terod u r always in our thoughts and hope good luck shines on u 4 ever.

the gods were smiling (thank you Zarif), came back to a nice d/w trend and closed out. if things turn up, may go long - common sense tells me though that it's still heading down.

t.

I think 9750 is the support as seems to be bouncing off it. But watch carefully if it is violated then might fall down like a lead weight.

I closed the second short at 9757 with a good profit.
Have just ventured into a long and going to cash in asap.(assuming i get that far)

rgds
zarif

Hi y'all.
Had to go out early today and closed up my stop on my Friday short. It got taken out for a 15 point loss. I hate it when it does that.
Not to worry the 'system' is showing short at the moment and will remain so as long as the close is below 9785.85.

The way its going i would not be at all surprised if it shoots upwards at near end.
Anyway i hope so then can close the 2 Daily longs in decent credit.If only all the wishes were granted.....

rgds
zarif

Ahhhhh -tearing my hair out -THE BLASTED IGINDEX SITE HAS GONE DOWN!!!!!!!!!

Rgds
zarif

Thank god -the ig site is back online.
back to action stations.
Lets see if it pushes up in the last hour as i hope.

rgds
zarif

I'm pr-eemting the system short signal.
I'm short the November future.

here's your closing rally, zarif.

By the way, how did your Metastock install go?

Snoball: the shorts ( ihad two open which paid me dividednds as ahedge against the longs which were 2/pt) the shorts were 15/pt.
I closed the longs at 9783 losing 216. and the 2 shorts gave me 1440 so the nett gain was 1224.

You are quite right without the shorts as back-up i would have had my fingers burnt.

re: metastock - i had guests at the weekend staying with us so was not able to do anything.Hopefully during the week will have it sorted out -and thanks for your offer when i get stuck i shall give u a shout.

rgds
zarif

getting ready for the auction.
I think it is going to nudge up a bit say 9800 trade sideways then if it creeps up then 9850 -but then its going to plummett (hopefully) down and if we are 9650 then definitely more downside to come.

what are your views???

rgds
zarif

Jusy closed the first short of the day opened 9749 closed at 9725 =24pts at 25/pt =600 -so that has more than even stevens for yesterdays loss of 216.

Just watching now to see what tops it gets to then short circuit all the way down -might need a parachute - ihope it sinks like a syone

zarif

Hi Zarif,

I don't trade the DOW but I like to read what you guys are
thinking about it as its action affects the FTSE.

If I may give a view.

As I said on the other thread in the investors' room.
Bond markets are closed so I'd expect stock volumes to
be lighter than normal.
This may lead to directionless, whippy, technical trading.
People won't want to take a hard position.
I wouldn't expect a big daily move up or down, so if you are going
for a plummet, as you say, make sure you don't get whipsawed.

Good luck with what ever you do.

Melnibone.

quite right melnibone - I read your advice on TB and am following it to the letter -hence taking small pointage and out asap.then waith for battlelines to form-meanwhile glued to the screen -or u just end up watching at not doing anything


just opened another short at 9757 and waiting to get to me.

rgds
zari

Yipee!!!!!!
Just closed the second short at 9737 opened at 9757 =20pts at 25/pt = 500 smackeroons tax free -gordon brown put that in your pipe and smoke it.
Creamed the dow so far for 1100.

just watching now -greed factor to see what it rises to and then short some more.

Guys take the door off its hinges to let me out.

rgds
zarif

Melnibone,
appreciate the input. Look forward to some more.

Nice work zarif. I closed up my stop loss and was stopped out of my short for zero points. It was 20 points up (i.e. down) at 7am. I think I will take a leaf out of your book and take the points when they come. Still, my risk management is getting better and my entry decisions are better. Now I have to improve my trade management.

Looking for the next short entry - probably at the close.