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

WOW the DOW up she goes :-)

harlosh:
I had a problem with my personal email and lots of junk on it coming mainly porn -so had to ask the mail provider to delete all.
everything is fine now so please go ahead.
Ps:you are as clever as them if not better -if u dont understand just ask its no harm as we are all here to pool our knowledge and learn/help each other and hopefully from past experience say what pifalls to watch out for.

market seems to be bounding fwd now.
watch the 9700-9710 area ist point of resistance -good place for a short if it gets there and cant violate it.
zarif

hope no one is short on the dow tonight????

I am ;-(.
I've decided to play the 'system' until the bitter end.
So im out if it goes above 9758.

I am aswell mega - just opened a short before opening at 9685 at 320/pt.
would be happy if it went to 9675 and get out + call it night

sorry to hear it chaps :-(

Nearly there zarif.
edit: oops no it isn't.
thought you wanted to get out at 9685.

Good man Zarif - pay day is quick and sweet on the big bet so long as the margin holds and the market agrees with you!

edit or is that 3 a ?

Closed the short at 9676 (opened at 9685) =9 pts gain.
phew that was close

Still short. Lets see what tomorrow brings.

Zarif,

Always interesting to see how you are faring on the Dow - I am more a long term investor (i am an accountant after all) who is slowly learning the charting techniques and short term trading. i tend to watch the Dow more than the FTSE due to the obvious hazard of having to go to work during the day! Could you let us know any more details on the course in Cheadle as it is just down the road for me and I would be interested.

Fundamentalist:
its a free 4 hour course. Its Run by NEW SKILLS and the gentleman to contact is Mr. R.Newgrosh - He comes highly recommended and cant get cheaper than free.They have paying courses which u can apply after (there was one today and i believe the next paying one will be after 6mths) This is on the 12th Dec.
Their phone number is :0161 428 1069.

goodluck and will probably meet there if u come.

rgds
zarif

Chadbukl: it was 20/pt . So made 9pts x 20=180 plus 750 from previous trades giving a princely sum of 930.00 and all tax free!!!!!

Anyway lets see what tomorrow begins.

I have opened another short Dec Dow opening at 9671 and 2/pt as a feeler on the overnight fluctuations.


rgds
zarif

How the men in black are cooking the books: http://www.zealllc.com/commentary/damnlies.htm

Thanks Zarif, hope to see you there

Fundamentalist u r welcome.

The short closed itself off while i was away in the morning giving a 25pt gain.

The market has been spooked by the 5 blasts in istanbul.

zarif

This is given to us by courtesy of Jeroo:

I've got the futures bouncing off 9600 up to today's S1 on the YM. My pre market Dow indicator says Dow will open at 9645 at present with 9691 as the close on the YM.

On other thing to note is that my SPX pre market indicator gave a reading of 1063.52 this morning. So before the bombing, this market was intending to climb much higher today but as sentiment changes, these rises could transpire to portend a drop.

Dow futures pivots for today:

Pp 9666
R3 9814
S3 9518
R1 9732
R2 9773
S1 9625
S2 9559

long open at 9649 at ?10/pt closed it just at 9678 = 29pts x 10 =?290 less ?98 the short that got short circuited by the bounce up from the spike. So made a net profit of ?192.00.
anyway seems to fall down from 9678 mark so far a brick wall at 9700. If that gets violated then things could get interesting.time for cuppa then regroup the forces.

ps: harlosh you see i do put on the loss when i get one. Lucky as it was not ?10/pt. I was uncertain and had a under normal feeler trade ready for the open and the spike did it-but seemed to bounce straight back.

rgds
zarif

TRINS AT 0.82 17.09HRS.
It is trying to climb up but falling away as soon as it nears 9689 say (9700) seems to be rock solid barrier at preset but dont be decieved into making a move as it can get violated anytime and then u would be on the wrong bus going the wrong way.It happens to most of us so be careful.

deliners are outpacing advancers on dow and the trin showing 0.82 makes u wonder.
Watch the Floor and the ceiling -meanwhile sit enjoy coffee/tea in the tearoom and twiddle thumbs time.


rgds
zarif

Hi guys,

As I've said before I trade FTSE stocks, not the DOW, but
you asked folks to put their view on this thread for
consideration.

So far I've been wrong this afternoon, I bet that instils you
with confidence in this post.;-)

Due to the uncertainty with the terror attacks and the proximity
of the weekend, I did not expect many new long positions to be
taken over today or tomorrow.

What I expected was a 'u' shaped chart day as Bears drove down
prices to find value Bull buyers and then bought back to go flat.
Doesn't appear to be happening.

One possibility is that I am right with my reasoning, but we
end up having an 'n' shape chart day as daytraders go flat from
the other direction.

Not saying I'm right, just a view for your consideration.

Melnibone