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DOW JONES @ LIVECHARTS

The ADX on the Dow has signalled a sell.
My guess is that the Dow will turn up soon.

And it is only a guess.

Snoball and Megabukcks:
My shorts are doing brilliantly. I closed out most of them quids in at when 100
down and have taken some longs out for tomorrow.
best rgds
zarif

ps: what do you reckon will happen tomorrow? Surely it will recoup atleast 50 points then I can close some longs out.

Hopefully it is going to be a LONG LONG DAY tomorrow
rgds
zarif

Nicely done zarif. Way to go.
My feeling is a bounce at 9400.
I've just noticed my mistake in post #52.
That should be 9400.
50 points is possible I'm sure (but which way?).

Tell me, why were you short?
Are you following a 'system'?

Snoball: The reason I was short was not because of any system, but gut instinct in that "everyone looks at the same info and there is tendency to follow the herd. So once in a while I take a contrarian approach as everyone is expecting the market to behave in a set way and it always does the opposite.

rgds
zarif

ps: I want the 50-100pts to go upwards

test

zarif. What level are you long from?
Dec Dow futures are bouncing off 9400.
Up to 9410 at the moment.
Bounce looking likely?

Snoball:
My long for Dec Dow Was From 9380 and I closed it out at 9420.
I have taken Chaser Shorts and am looking at positions.
rgds
zarif

What do you think we well do today beside tear our hair out???

Snoball, megabucks, jules99 and everyone look at this:

Buy Kleeneze at 150p or below.

Current mid price: 136p
bid/offer: 132/140
stop loss: 120
Limit buy: 150
Sector:retail
Target : 190
market cap: 64million
Epic Code: KLZ

What do you think?

rgds
zarif

Up, up and away.
Is this the reason why?

Snoball:
I think you have hit it on the nail.
good luck
rgds
zarif

Shite. Down 81.
Now you know why I don't do this any more.

morning all,

have no dow longs open :-)

Mega...

lol!
I'm not surprised MegaBucks.
All the same taking a step back and looking at the longer term picture
the Dow is still in an uptrend. It hasn't broken through its 20 day
low (9262)yet.
Yesterday drop caused the Ultimate Oscillator to drop below 50 which
is rather bearish. The ADX is also bearish.

The Chart

I wonder if the Fed are going to continue to boost it.

lucky break yesterday as i had closed all the longs and was just about to do some more when it took a nose dive and i chased it with shorts and closed them outaswell.Today am just looking at the screen and waiting.

By the way guys what no of points do you put your stop losses at and if you dont mind what /pts do you go for etc

rgds
zarif

ZARIF...

How do you see DOW TODAY? think it could go down further from here ?

Jules99:

my sentiments exactly. I seems to be bobbing in the range around 9300 +- say 35. I think it is going to take a stroll south amd later in the day (our night around 6.45pm - 9 take a northbound rise. I am hoping the Fed will pump in the $$$$$ to hold it up -they will not let it fall without a fight.
Plenty of trade opportunities in between if your heart can stand it.

rgds
zarif

ps: what did you reckon on the Kleeneze tip : epic KLZ

It aint going anywhere at the moment.
Put stop losses at level you are prepared to lose and move them up/down
as the price rises/falls and hope they don't get taken out before you make a profit.
I started with pennies per pt on the Dow with Finspreads. I graduated to
2 a point before I decided to stop and sit on the sidelines for a while.

evening all,

what a rollercoaster week this has been for the dow :-)have no positions open on the dow at the moment.

hope you all have a good weekend will see you all on monday...

Mega...

What is the srvice like with fins???
I am with igindex. and there is a"mickey mouse" one with Spreadex which is alright for experimenting with.
rgds
zarif