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

evenin Mega.

The trin is too high so I'm not going long.
I'm staying out.
nite all.

Afternoon everybody:
Sorry wasnot in yesterday as went to Harrogate meeting.It was a great day out very pleasurable and with lots of speakers giving very sound advice and methodology. I recommend you try and visit next venues if u can as it will greatly improve your trading skills and approach to the market.

Anyway back to our auction which starts in an hour how are we going to put our ship out to sea ?
I reckon with all the bullish scenario thats piled on it will continue with the trend upwards. There is definitely resistance at 9850 -which can become short term support.Also the ftse has been testing the 4400 levels again to nose up further.
Watch the matrket and let it guide your actions -our ship should go with the flow.Remember it is easier to swim with the current rather than against it -You can to an extent -but ultimately will tire u out and finally Pull u in (beware of the sharks)

rgds
zarif

took out a short in the beginning and netted 27pts x10 =270 notes then a long giving 105 notes.
have got a long opening at 9842 -wonder if it will get up there or might have to chase it down with a short. seems to be stuck around 9832 +/-say 11

9850 resistance looks a tough nut to crack. i can see it testing the lows at 9820 again.

Diego

had a long opening at 9842 -closed at 9852 =10pts x10 =100
diego - you are right at 9850 and 9830 -seems to get stuck there -but beware resistance can soon turn to support if violated decisively.
i think if (should say when) it falls it sgoing to go to around 9000-9200

Evening. Like watching paint dry.

hi snoball.
seems stagnant - do you reckon it will nose dive today. I think its due for one and i have got a short open.

It seems to be weakening doesn't it, zarif. I'm not trading today, just watching.

http://www.cbot.com/cbot/dow/fivequotesx/1,2659,2+12,00.html?oknew

goodsite given by briantrayda -some links ok others not but live data CBOT.and their order book can be viewed.

snoball decko it then isf meeets your approval can bang it in the header.


just closed the short out for 160 profit.
was scared in case spirals up.

zarif

nice one zarif. I see its testing 9800.
i'll check out the website.

Still got my short open from 9844

Diego

Nice

welldone diego watch the last hour as has a habit of either diving out of control which is quids in) or shootink up like a rocket -which can put paid to all the patient waiting that u have endured -best to cash in or lock in the profits by moving in your stop loss

Closed out at 9762- profit of 82 pts.

Diego

the 'system' will be short if the close is below 9761.
Any bets?

nice one, Diego

LOL! 'they' must check the chart. It just bounced of it.

Afternoon guys/gals:
Hope u all had a good w/end and are getting ready for the dow to open in an hour and half.
The pre-market futures are lower. Ftse is having trouble at top resistance and the dow shed a load on friday which i think is going to dissipate into today.watch the 9700 area and if goes below 9650 then might retrace down.then should hopefully climb north and 2 areas to watch are 9850 and 9900 also seems to hover around 9830. Anyway thats what it has been doing in the past -so chances are will do same in future.
Also lot of data coming out this week and Bush visit with the red alert on terror scares etc -will spook the market even if a firecracker goes off.
please watch the market carefully and if in DOWBT STAY OUT is the best policy.you dont lose money that way.
rgds
zarif

The STOCK INDEXES & MARKETS

The NASDAQ Composite index posted huge key reversal down on
Friday and closed below the 20-day moving average crossing
at 1935.14. The low-range close sets the stage for a steady
to lower opening on Monday. Multiple closes below Tuesday's
low at 1923.50 would greatly increase the odds that a short-
term top has been posted. Stochastics and the RSI are
overbought and have turned bearish signaling that a top has
likely been posted. Closes above last week's high at 1992.27
are needed to renew the NASDAQ Composite index's rally off
October's low and would open the door for a test of weekly
resistance crossing at 2098.88 later this year. The NASDAQ
Composite Index closed down 37.09 points at 1930.26.

The December S&P 500 index posted a key reversal down on
Friday and closed below the 10-day moving average crossing
at 1052.40. The low-range close sets the stage for a steady
to lower opening on Monday. Closes below Tuesday's low at
1041.80 would increase the odds that a short-term top has
been posted. Stochastics and the RSI are diverging and have
turned bearish signaling that a top has likely been posted.
It would take closes above last Friday's high at 1064.40 to
renew this year's rally. The December S&P 500 Index closed
down 9.30 points at 1048.80.

The Dow posted a key reversal down on Friday ending a two-
day rally as weakness in technology stocks and a broadening
probe of the mutual-fund industry weighed on the market. The
low-range close sets the stage for a steady to lower opening
on Monday. Closes below the 40-day moving average crossing
at 9663 would confirm that a top has been posted. Momentum
indicators are diverging and have turned bearish signaling
that a top has likely been posted. Closes above last week's
high crossing at 9903 are needed to renew this year's rally.
The Dow closed down 69 points at 9768.