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

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

Dow Jones - Key levels & Trends 26 September 2003


Support breached

The Dow Jones had been up before it moved sharply lower at the close ending the session down 82 points at 9,344 and just a fraction above the long term Fibonacci support at 9,336.
Most importantly the index moved down through the support line and should the Fibonacci just below give way we're most likely heading for 9,000.

Resistance is 9,467 (the lower old support line) and then the upper resistance at 9,671.

some Fed info http://app.ny.frb.org/dmm/mkt.cfm

The dow took a good dive last week and the footsie being around 4150-4175,What are your feelings for monday and the week. I think that it is going to ( the dow) fall to around 9100-9160 if the footsie doesniot recover.

Btw Fibronacci,ellion,gann -forget them as u say they are alright after the event best to follow the price and trust your instinct at times and u can see alot more happening in front of your eyes and react much faster than looking at charts all the time.

best rgds
zarif

evening all,

dont feel safe about the dow this week so will steer clear until it settles down...

Mega...

Hello all:
Its Monday again and waiting for the Wall st to open in an hour (1400gmt).What do u think we have in store today. I think it will be volatile to say the least and if we look at the prices both long and shorts (hold them briefly )WAtch the PRICES -its possible to make money. Also because it being the end qtr today -likely to have an upward shift.

Let me know _ ps I have taken some anaesthetic in that it does not hit me that hard

rgds zarif

Brief summary from my travels:

Dow lost 30.88 points to close at 9,313.08. Dow's 14-Day Relative strength Index (RSI) is:41.72 and trending down. Dow is trading below 13-Day (9493), below 50-Day (9357), above 200-Day (8690) Moving Averages. Dow is trading with negative momentum. Dow's resistance levels are: 9429, 9550, 9699. Dow's support levels are: 9196, 9079, 8976.

Type High Low
52-Week 9,686.08 7,416.64
60-Day 9,686.08 8,997.11
21-Day 9,686.08 9,303.82

rgds
zarif

Ps: try a website gives 2 weeks free trial_ no credit cards needed.
www.sixer.com
let me know what u think of it

DOW Above the 9350 mark would make me smile today...


u know why...lol..

Jules99:
The dow reached 9360 on the daily and 9327 dec.The above was just rthe brief levels that i got when i was browsing the www.sixer.com site which gave some useful information like
the bulls were5% and bears 95% for the dow tradingetc. Look at the site i think u will ilke it.
I closed some shorts nand am waiting now to reap some longs out and take the harvests in while the going is good.

Jules are you trading the daily indedx on th dow or the future dates.??
good trading - I am sure you will get the 9350 mark.
rgds
zarif

zarif,

Trading Dow Index is all new to me..trading an index, this is the firts time just to test the water...I probably have heaps to learn..in the money as I write...:-)

The dow futures...wouldn't know where to start on that...

My longs are small potatoes but 5 to 10 points at present...

I read your mails and thought I'd give it a shot, some time...and so I did...

DOW at 9372 as I write, which equates to 500 quid...!

what shall I do cash in and go away for a walk or place a stop loss?

at 9360?

HEllo everyone:
The dow managed to scalp both on the longs and shorts yesterday(29/9/2003).So what are we going to do today. I think it is going to head south. On my browing i found the www.sixer.com site quoting a high %ctage of bulls on the dow for today.What are your opinions???

rgds to all
zarif.

Ps: jules99 - welldone on the dow yesterday, I was pretty certain you would get past the 9350 mark.

Levels to watch for in Tuesdays trading:


Dow Jones Industrial Average (INDU) support at 9200; resistance at 9758


S&P 500 (SPX) support at 995; resistance at 1050


Nasdaq Composite (COMP) support at 1780; resistance at 1950

Jules: Megabucks: Snoball:
I hope u are all shorting like mad and not in the longs at present. What a nosedive. I had 2 shorts and collected 114pts at 15/pt and 80pts at 12/pt. Now I am just looking at the screen and anaestehetised myself with my best freinds Chivas And Haigh.
Good luck
rgds
zrif

Zarif,

just gone long at $10 a point at 9260...I think it will recover to 9320 at some point...hopefully...

jules..

jules:
I have gone long at 9195 Dec Dow at 15/pt and it is at 9246 as i write at gmt 16.42 (14.00 eastern time usa 2pm) and i think it is going to have a lot more upside and am waiting.

Jules Are you Trading the Daily Dow WHich Expires at end of day trade (9pm), which can be costly at times when the market is uncertain.
You can trade the following month eg#: october november or december and hence giving more time for the trade to mature in case it doesnot happen on the day you can carry on.

let me know and happy hunting
rgds
zarif

Hi everybody,
Just closed the long from yesterday and taken out some shorts. I think shall fulfill both before the day is out as we had quite a down slide yesterday. Also this is the end of the 3rd qtr and beginning of the 4th qtr so be careful with your trades and watch the stoplosses etc. Generally if Sept was a good month then Oct seems to be a downer especialy in the opening weeks. So my personal scheme is Shorts will be the main operatives.
rgds
to all

well done jules I am sure u shall be giving us advise soon.
Ps the link on the live chart by megabucks is the best that i have come across so far.

rgds
zarif

Dow approaching Mondays high.
Bound to be some resistance here.
9378 as I write.

Yep its going to hit turbulence and then take a hike south - If on the otherhand it goes through that level than its a different ball game altogether.
have nerves of steel - Dont worry I am not scared I have been beaten by bigger guys than these on the dow ( the men in black) -watch the feds!!!!!!!!!
rgds
zarif