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

Diego, Yes i think you are right about that. well held .

ARC

trin 1.35 at 17.02 and bollinger bands open ( i wont say like what) but hope the bomber keeps diving( -no not mufff.....)

New stop at 9705
D!

Closed out. This looks suspiciously like a double bottom forming. Probably the next ride is upto 9725. Think I'll come back later.
D!

Bollinger Bands are narrowing again. Let's see if the double bottom will hold and break through 9705 going up

D!

Fins on phone trading again.
What's their problem?
Strong support at 9700 as you say Diego.
Could go anywhere.

nice to have u back snoball.

9702 seems to be holding pretty solidly. It's around lunch time in NY. I reckon they're all out to the local wine bar. When they get back it will probably move up to close around 9726 .

D!

diego i hope so as i have closed the shorts in positive territory and have got a long open on the daily.

Short at 9653

Long 9631

long s=p 36.

Indexes holding at possible double bottom. Watch for break or bounce.
3:30 PM EST - The indexes are holding at a possible double bottom in the 15 minute charts. The NASDAQ is at support seen in the 60 minute chart at 1,890. Double bottoms are bullish patterns that result in an upside move, so we will continue to watch for a move higher off the following levels.


Dow - 9,630


NAS - 1,890


OEX - 512


NDX - 1,371


SPX - 1,035

Shorted the Dow at the close with a Dec future. Looking for 50 points.

Twat....... averaged in at 6995 9661 and 9627 & moved my stops down on orginal position - expected a rally in to the close but it didnt happern - have closed out now at 9620. Not sure if this is an over reaction or the start of a trend Better to preserve the pot and jump back in when it clearer for me.

If 9600 goes Im a bear!

chadbukl

dow cmc 9631 and climbing...

Mega...

I know feels like salt being rubbed in the wounds - still think I did the right thing by getting out - after seeing such a negative close last night didnt know where we were going -was in for ?125/point so downside risk started to get to great. wiped out this weeks gains and ?300 of last weeks - I'm happy with that

afternoon guys:
what a downer yesterday was.the shorts played well.
Chadbukl-best to cut abnd run especially when in dowbt-otherwise ends up eating u. Regroup and prepare for battle again today.
What are your opinions today? mine is that it will go higher try probably for 9700 area and if cant violate it then going down like a stone.

I have got two longs open from last night opening at 9638/9648. i hope i can realise them b4 the open preferably -safer that way other wise on edge of seat and biting the nails time.


YM Pivots:

Pp 9651
R3 9882
S3 9420
R1 9702
R2 9792
S1 9561
S2 9510

I closed all my longs for 9620 took a bit of a beating but I dont know where this market is going - my gut feel is an early bounce then flat to lower.

However I really dont know thats why Im sitting on cash and my hands. wont be opening anything till about 6pm tonight

Chadbukl good thinking. My longs are showing in credit and i am tempted to hold them for a while longer-will let u know what happens.


Market Status (11/18/2003) :
Today the NASDAQ 100 and S&P 500 indexes moved lower despite yesterday's supportive volume. Today's decline may be due to continued fears over terrorist attacks stemming from Monday's terrorist attacks in Turkey and Iraq, which spooked investors. As the market opened, it encountered some resistive volume to the upside, which helped move the market lower throughout the rest of the morning. By 12:00 there was a moderately large supportive VMA spike to the downside that caused the market to temporarily stop its decline, but more resistive volume at 13:15 helped move the market lower again. Throughout the rest of the afternoon the market continued its decline, but in doing so, it generated a large amount of supportive volume to the downside. This supportive volume was split into three major peaks occurring at 14:10, 15:00 and at the end of the day. Overall, we believe that the market could begin to move higher in the mid-term because the market didn't react to today's large amount of supportive volume to the downside by producing an end-of-day rally. In the short-term the market may continue to be volatile due to the upcoming options expiration.

Ym auction opens in 17mins the trin is at 1.63 at present.
Becareful guys/gals and trade safely.If in Dowbt stay out is the best policy