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

Dow + S/P did move briefly into Positive territory but have since eased back.

Basically,trading is light due to partial Veterans day holiday

ajren
Many thaks your input and please keep it coming as we all see things and information and iterpret it in our own ways which when pooled together gives a better picture and keeps us away from tunnell vision and WOODS FOR THE TREES scenario.

rgds
zarif

Glad my views were of some help, but remember that it's
your views that count, it's your money!

Had a look at your chart at the top of the thread and I
notice that it is whipping about as I posted that I thought
it would.

I was afraid that you might try and follow any break of
support and get creamed as it whipped back up.
Much better to short from resistance in this situation.

If you can trade that chart profitably then you are a better
man than me.
I take my hat of to you. I prefer a trend.

Melnibone

Well, we are a bit short term here Melnibone, even if it is an investors board.
;-)

hi guys just got in and dow was moving up.
I reckon it will down turn from 9800. if it shoots past then its up.the bond market is closed today due to veterans holiday.
i think volatility and whipsaws to beware off.

rgds
zarif

Wouldn't expect a trend today.

Market is looking to tomorrow.

We've got Michegan Confidence numbers, October retail figures,
jobless claims, and I think Walmart is due to report shortly.

Melnibone.

Scalped the dow before on the long for 660 while it was on its indian rope trick (mind u is still standing there like a pent up cobra)have got 2 shorts one opening at 9801 and other at 9766 (silly one but this only as 2/pt)

seems to be hovering around 9800 +/- 10 say. i hope it plummets down.

Guys start putting the lead weights on this rope!!!!!!!

rgds
zarif

Hope you got in on the rise Zarif?
I take it you won't be here tomorrow if your off to Harrogate.
It will be rather dull without you unless we get another day like today.
Have a good day and see you back no doubt on Friday.

harlosh would you beleive it i mangaged 75 on a short which opened before at 9801 and closed it at around 7pm 9796 at 15/pt as i was going formy tea.got today 660+75=735 today.
I wasnot in time to take another long out as didnot expect it to shoot up like that.
do you reckon will reach 9875.00 today. i think from 9900 will be a massive fall.

rgds
zarif

evenin' all.
I wonder what brought this rally on.
I haven't caught any of it.
good luck.

Hi all! New to this thread.

Scalped Dow for 65, which was nice.

What will the last hour bring? Retracement or advance, key pivot moving horizontal at the moment!

hkfooey:
the trin is showing .50 and very bullish.I think it should drop a bit but might just shoot up and the best course would be to just watch it as its trendless at present with the bond market closed and figures coming out tomorrow.

rgds
zarif

Short the December future @ 9831. Looking for 50 point correction early tomorrow after todays rise.
9850 seems to be strong resistance.
The 'system' is long.

Good luck.

evening everyone - looks like i missed an interesting day - can't believe you chaps didn't catch this one.....although there seemed to be little volatility, the rise was nice and steady - hardly what you'd expect after the past few days, i guess.


very much a case of 'following the trend'

Snobal - if the SYSTEM is long why are you not going with it?

t.

evening everyone - looks like i missed an interesting day - can't believe you chaps didn't catch this one.....although there seemed to be little volatility, the rise was nice and steady - hardly what you'd expect after the past few days, i guess.


very much a case of 'following the trend'

Snobal - if the SYSTEM is long why are you not going with it?

t.

Terod, I reserve the right to ignore the system! :-)
As it happens my instincts were right (for a change) and the price dropped.
Unfortunately the December Wall st Future high today was precisely at my stop and the price went there before it dropped. It's tricky trying to place stops.
I'm beginning to think that all this talk of using stops is a load of codswallop. It seems to me that when you place stops you guarantee the trade will terminate at a loss.
The reason I ignored the system was that after large moves like yesterday there are often corrective moves in the opposite direction the following day. So I thought it was worth a scalp.

Where is averybody? I've been working today so haven't been watching the market 'til now.

Hi Snowball,
I believe Zarif is at the NW Traders Day at Harrogate. I suspect he will be racing back to try and catch some of the action.
You were almost spot on about a 50 point retracement from the highs of yesterday - good call.
I've no idea where it's going from here, have you?

Up, Harlosh, probably.
Watch yesterdays high, 9860.

evening all,

long dow from 9833 it is looking good,how are you all keeping well i take it???

Mega...

On further study Harlosh, I dunno. :-)