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

Nothing bearish about this trend.

On the other hand......ooops....sorry about the size.

Hi Guys. Just back from Fleetwood Mac concert at MEN Arena. Wish I hadn't bothered. The Dow looks as though it was more entertaining. Sad really cos they were terrific in their day.

Wont be around much today:
Off to the Yorkshire traders meet: crowne plaza, wellington st.leeds. 19.30hrs
Will be setting off from here around 4.30pm and hopefully dont get too much traffic(ha ha)
I have got a EUR/USD long from lastnight and in good credit at the moment.Eur hit a high again at 1.2156 before and the uptrend if continues will reach 1.25 -1.35 area.Just keeping evaluating the trail stop and locking in profit atm.
rgds
zarif

Why does zarif go to trading seminars?
He does pretty well without any help.
Maybe we should get him to hold a seminar and show us how to do it.

What about it zarif? Host a seminar for us. We can hire DG's coctail bar for it.

He likes to talk a lot

10 minutes to go and the Dow rockets. Interesting.

Morning guys/gals:
The meeting at Leeds was fun and very enjoyable. It was not a seminar just a gathering of traders and the guy running it is Tim(aka THE PRIEST) who is a good friend of mine.I think if you are nearby or if there is any meetings near to u you should attend as you can always learn something new.Also takes the boredom away from sitting in front of the PC and let the trade get on without us meddling with it( we all do it).

How is the Dow going to behave today? Well depends on the results out today at 13.30hrs gmt and the markets reaction to it- a word of caution is that dont rush into the trade straight away as even with positive news the market has not bounced as it should and they say that the news was factored in.

Goodluck with the trades today.

rgds
zarif

Here's hoping to poor or less than expected jobs data and globally down day without exceeding the high in the Dow printed yesterday. Dax needs to fall <3850 and begin the long decline required to the 3800 level to assist, please!.

Hi Zarif,

Good to have you back.

Stv - I hope it goes down for u and in your favour is that even with good data/news coming out in the past there has been a sell off. I think it will have to retrace then consolidate and then go to higher pastures.The 9850 level is important if breached will go to 9800.Thats my logic anyways.


ps: watch the market when it opens if the shorts are threatened i would suggest a long on the DAX to minimise losses. imho ,nag,dyor.

rgds
zarif

KEY EVENTS TO WATCH FOR:

8:30 AM ET. November non-farm payrolls (seen +150K; last +126K)

8:30 AM ET. November unemployment rate (seen 6%; last 6%)

9:40 AM ET. November ECRI inflation gauge (last 117.7)

10:00 AM ET. October factory orders (seen +2.2%; last +0.5%)

3:00 PM ET. October consumer credit (seen +$5 Bln; last +$15.1 Bln)

4:30 PM ET. Money Supply

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

The STOCK INDEXES & MARKETS

The December NASDAQ 100 was lower in overnight trading due to
profit taking. If December resumes its rebound off November's low, a
test of the contract high crossing at 1458 is still possible later this
month. Stochastics and the RSI are bullish signaling that sideways to
higher prices are possible near-term. From a broader perspective,
December needs to close above 1458 or below 1357 to clear up near-
term direction in the index. The December NASDAQ 100 was down
9.50 pts. at 1423.50 as of 6:47 AM ET. Overnight action sets the stage
for a steady to lower opening by the NASDAQ composite index later
this morning.

The December S&P 500 index was lower overnight due to light profit
taking as it consolidates above the previous contract high crossing at
1064.40. This week's breakout above 1064.40 has opened the door for a
possible test of monthly resistance marked by the 38% retracement level
of the 2000-02 decline crossing at 1075.58 later this year. Stochastics
and the RSI remain bullish signaling that sideways to higher prices are
possible near-term. However, closes below the 10-day moving average
crossing at 1058.80 would greatly increase the odds that a short-term top
has been posted. The Sept. S&P 500 Index was down 2.20 pts. at
1067.20 as of 6:50 AM ET. Overnight action sets the stage for a steady
to lower opening when the day session begins later this morning.

Levels for today.
Hope it helps
zarif

Stv -The results are not goosd to say the least -C**p in fact and even before the open has plumetted so u could be in luck. Dont open a long on the dax now-just watch.
goodluck

harlosh -howdy my man.Are u going to Cheadle next week -perhaps will meet and i promise to be quiet and let u get a word in edgeways.Just watch the market at open dont make any hasty moves -let the market dictate your actions dont try to predict


Data below provided by courtesy of jeroo:

The Big Dog wimpers!

U.S. Nov. unemployment rate dips to 5.9%

U.S. NOV. MANUFACTURING JOB LOSSES 17,000

U.S. NOV. NONFARM PAYROLLS UP 57,000 V 137,000 EXPECTED

U.S. NOV. UNEMPLOYMENT RATE FALLS TO 5.9% V 6.0%

U.S. NOV. STRIKE-ADJUSTED PAYROLLS 83,000 TO 88,000

U.S. NOV. LONG-TERM UNEMPLOYMENT RISES TO 23.7%

U.S. NOV.AVERAGE WORKWEEK RISES TO 33.9 HOURS

How about that seminar, zarif?

Eur/USD Eur just hit a high at 1.2167. My long from yesterday is certainly very healthy. Have moved the stps tight as is still in an uptrend and left it rumnning.(greed really)
The dow is like a headless chicken (sorry about the analogy).I think some more results out at 3pm EST.
The dow is certainly getting its bells jingles -well its xmas time so Jingle balls jingle balls jingle all the way.


rgds
zarif

anybody for 10k today? Sorry guys just jesting as nothing to do-mind u many a truer word said in jest....

Useless or useful information any body heard of the Ichimoku charting method? guess not -well here goes its as old as the candle sticks if not older and the japs use it a lot and hardly much known inthe west as no books written/translated -but if used in conjunction with candles/western ta would be formidable sysytem -well lets start digging for the holy grail and see if we can adapt it.
Snoball there u go u dont need a seminar ( i am hardly capable nor qualified for the task)just lets see what we can come up with.

rgds
zarif

more results out at 3.00pm est? do you think it will rocket up then tank down.i am going to short if it does.

Thanks Zarif, exactly what the Doctor ordered. I have foolishly not reversed a long for 1 week now and have sufferred from missed opportunities just surviving. Failed to exit before close thinking it might fall <1060. Shit :( Monday -ve?

stv - these are scars which we have to bear and the experience hopefully will not let us do it again (says who -we do it over and over again0take small profits and they will accumulate then u can speculate -better than wait for the big kill.
I have just opened a long at the suggestion of my daughter who is 12yrs old at 9871 -lets see what happens!!!! certainly not a way i recommend to trade -its only a small one at ?3/pt. The condition is if it is a losing trade then she has to leave me in peace and quiet and do all the teas for me. If it is a win then the money goes for her xmas present. fair deal?

rgds
zarif