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

Five Day intraday chart dow vs FTse.
Just learning how to post charts etc on the board.

  Candlestick Chart Futures AnalysisAnalysis Updated for: Friday, 11/21/2003

Group: IndicesMarket: Dow Jones Industrial Average

  Symbol Date Open High Low Close Change Volume Open Int DJ0312 11/21 9630 9640 9578 9633 + 2211491 35952

End Of Day Candlestick Analysis

Trading Day Indicator Pattern Trend Reliability 11/21 None N/A N/A N/A LWT Indicator Strong Bearish Trend

 

smart ar** :-)

Cool charts, zarif.
That weekly bars chart looks interesting.
Watch out for the Feds though.

I read an article in Trader magazine by a successful US trader.
I liked a quote by him:- "Buy fear and sell greed". He's a stock trader but I the reverse must apply when in a downtrend.

Wot's the LWT indicator?

.

Is the market getting bearish?.
The bullish Percent Indicator

LWT Indicator

When no Candlestick Indicator is present
through our Candlestick Analysis Engine,
we provide our proprietary LitWickTrend
Indicator along with a Strength reading.
This can be a dominant indicator in itself
and we use it in conjunction with our
Candlestick Analysis for Stocks and Futures.


Snoball thats the explanation for the indicator but they are not giving away mush.

I think u r right the market is getting bearish for the moment.

The fundamentals

The past week the stock market sold off without any major bad earnings or economic news. It looks like investors just want to take profit even with some good news. For the week, Dow closed down 140 points at 9628.53. Nasdaq is down 36.38 at 1893.88.

The three strongest groups for the week are: silver, sporting goods stores and consumer services. The three worst performing groups are: drug delivery, specialized health services and jewelry stores.

Most of the economic news for the past week are either in line or better than expected. HPQ?s quarterly revenue and earnings are better than the analysts estimate.

Going into this week, we have GDP-prelimary for Q3, consumer confidence for November, existing home sales for October on Tuesday, personal income for October, Durable goods order for October, Michigan sentiments for November and initial claims on Wednesday.

The technicals.

At the end of the week, Dow closed at 9628.53, above the 50-month ema of 9210.87, 200-week ema of 9264.88 and below 50 day ema of 9644. The monthly and weekly Dow charts are still bullish. The daily chart of Dow is a little bearish. The next daily support for Dow is 9500. The resistance for Dow is 9644 and 9800.

On the monthly chart, Nasdaq closed at 1893.9, at the 50 month ema of 1893, above 200-week ema of 1891 and below the 50 day ema of 1893. The weekly and monthly charts are still bullish. The daily chart is a little bearish. The daily support for Nasdaq is 1880. The resistance for Nasdaq is 1917.

VIX closed the week at 18.98. The next resistance for VIX is 19.6 and the support for VIX is 18.2. VXN closed the week at 29.08. The next resistance for VXN is 30.62 and the support for VXN is 27.5. On Monday, the VIX and VXN might go lower. Since both VIX and VXN are too close to 50 ema, it is still hard to tell whether they would rebound at 50 day ema..

The setup.

Friday?s close tells us that the market might go higher on Monday morning. In order for the market to go higher in the intermediate term, the market has to have follow-through days on the upside on the closing basis. Over the last 11 trading days, the market did not follow through on previous us days. Right now, the market still has down side momentum. A few follow through days with heavy volume might change the momentum.

Right now, it is important to keep options open since the market could go either way in the short term, depending on how the market behaves over the next few trading days. A close on Nasdaq below 1980 is very bearish for the market

Interesting, my Nasdaq (Nasdaq 100) is at 1373.
Which one are they looking at?

Ah they must mean this one: Nasdaq Composite.

I see that the Dow Futures products have moved from the A/C/E platform to E-CBOT today (well actually yesterday) so I have had to reconfigure a few things here.

Sad thing is the E_CBOT is based on LIFFE Connect system so Stops will no longer sit in the Exchange system - as far as I can make out they are held in the brokers system then executed from there as Market trades when the price is reached.


So I am expecting more slipage on fills as I use stops a lot :-( lets hope I'm wrong and also lets hope the Exchange withstands the opening volume.

Ok guys /gals :
getting ready for the Ym auction in about 15mins. I thing it is going to go north and then southbound. I think there is going to be low vols as there is the thanksgiving on thursday and because of this they will be trading light.Beware of whipsaws and also they might just take profits as there is results out this week.

Let the market decide your actions -dont be too quick on the draw.

rgds
zarif

Futures are up around 9680 so we can expect an open up.
Question is, will it hit 9700 and retrace?

JonP, I don't trade real futures, just spread bets.
Does not having the stops in the system mean that other traders can't see them?
That could be a good thing couldn't it?

Come to think of it, on Friday I couldn't put stops onto Fins online system. I had to phone them in. I wonder if that has anything to do with it?

I think stops appear to be visible 'cos everyone puts them in the same place(me too)!!

The problem with the stop in the brokers computer rather than the exchange is the execution delay and if the price is moving fast the delay can lead to quite a move.

Have to wait and see.

Short the daily 9685.

Closed for 3 at 9682.
Too early but points make prizes. lol.

Just closed a long at 9712 (opened 9676) gained 36pts at 10 =360.
Looking for topside then short if opps arise.

the dow seems going up like a bullet at present - iwonder at what level it will run out of steam -and then if opps arise take a short. On hindsight should have held onto my long -but then again its better to have cash in hand then watch it fade away.

zarif

short s&p 47.7

will some kind person please put a bloody heavy lead weight on the s&p i did ask nicely :-)

thank you.....

i think we need more lead :-)

does any one live near a church i need some lead :-)