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My long closed out this early am for 2 points. It missed the target 9800 by 10 points. Getting stops right is still something I'm trying to get the hang of.

Afternoon all.

Long again the Dec future 9796.

Closed my long for -9 points.

Short dec fut 9785.

Hi everyone:
I think the Ym should be quite unteresting after the TG break and with all the bourses trading high and the futures looking quite good there is all the makings of getting to 9900 today in my opinion.
So lets see what the Ym auction threows at us.

rgds
zarif

Hi zarif,
It is certainly bullish today.
My short was closed out this am, lol.
I should have stuck with the plan.

Good call so far Zarif.

I had a short EUR/USD which i closed for a 10pt gain.Just watching the dow at the moment to see if it goes to 9900 then maybe short it.But am going to let the market decide my action.

Snoball: what are your views today?

Well done harlosh -nice time on saturday -enjoyed the chat and the meal.

rgds
zarif

Metastock calls days like today, Big White Candles. When near resistance they are often followed by a downward correction of 50 points or so. But not always.At the start of a trend (i.e. near support) they are very bullish.

Good to see you again Zarif.
We must do it again soon.

Hi Everyone

The range on the Dow l see for today is 9830-9920, estimate for Wednesday 9870-9940
Thursday 9900-9970. Friday is the day when we should be falling back but the day will be led by unemployment figures in the US

Anyway these are solely my guesstimates and please DYOR & NAG.

lets see what it throws at us.Could be avolatile session hence give us some opps both ways.

rgds
zarif

Sorry guys, I 've posted this on the wrong thread.
Have edited it out and put it on my usual traders
thread in the Investors' Room.

Apologies.
Melnibone

This is how things are looking at the moment: 17.49gmt

rgds
zarif

Just noticed the chart is getting updated -well i never knew that.
I have a short open EUR/USD open at 12170 which just got into credit.The EUR has been beating the C+++ out of the dollar all day today i hope its the dollars turn now to give a decent amount of points.

rgds
zarif

Once again the retracement from the top of a Big White Candle has gone 50 points or more. That is a nice chart pattern to have in ones armoury.
Looks like 9800 may be on the cards again before long.

Snoball
You are quite right its going to be testing 9800 soon- I think it will head up north first to breach 9900 and if cant attain and conquer it then say 9925max and then head down like a bullet.There is results out Friday so that will be a decider of sorts (or should i say SHORTS).

I have been experimenting with the EUR/USD and seems to be paying me quite well so far.

rgds
zarif

well done with the currency trades, zarif.
Do you hve a plan?

rgds zarif

Snoball, Do you think the 9800 can be seen today against Zarif's anaysis which is being supported by market movements of higher prices. I was expecting today to see us test/take out previous low of spx 1062.3 especially since closed lower after setting new high yesterday on spx and nas. The Dow is the only one showing sense at the moment and holding back from breaking Mondays high. Hopefully it will refrain from doing so today allowing a significant retrace to break lows previously set. I've foolishly resisted closing/reversing so many times to significant loss so really need this today.