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

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

zarif, I think you may have found the Holy Grail.
stv- been there, done that (though not for a week). Having a system is the easy part. Trading it is the hardest.

nite y'all.

Any more DOW News ?

Not much at 10:40 on a Saturday night, noor4263.
There will probably be more on Monday morning.

Guys what has happened to our charts etc header -i cant get them at all!!!!help!!!!!

It must be something with your connection as they are viewable. What's your predictions for ranges for this week and especially today? Will Monday be +ve (late morning onwards) or -ve close? Any other chartist views appreciated.

stv: I think it is going to take a trip south and would not surprise me at all if we touch 9750 areas possibly 9680.
But dont pre-empt your move let the market dictate your actions after open as it can very easily go pear shape and boost upwards.

rgds
zarif

Unfortunately I already exited my position at a price much worse than the low to bank something, which is something I have been failing to do, but very much so regretting now. UK is holding up well for some unknown reason as are /.

Market Technicals


DAX - The DAX did retest the 3780 support, and if that gives way, then the low at 3692 is at risk. That may be the least potential to the downside, as the real target could be to as low as 3570.

FTSE-100 - also put sthe support at 4330 at risk later today, and before long, a downmvoe to 4270 might be initiated. But the bigger risk is further downmove to 4080 - 4050.

Nasdaq-100 - also projects a rough +ascending wedge+ outline, which is terminated a a break of the 1380 level -- which we may see again later in the week. A close below 1380 confirms the termnination, and should yield further down moves to at least 1300. We may even see the 1210 area again.

SPX - The SPX has been unable to penetrate the 1070 resistance, then fell lower on Friday -- which forms a very distinctive Head and Shoulders pattern in the intra-day charts. The support at 1065 will therefore likely fail and a fall to the 1050 - 1048 area follows. The +ascending wedge+ that has been in effect on the price chart in the past four months may have come to a head on Friday. A close below 1045 any day this week suggests that the wedge pattern is over, and the next main direction will be a return towards the base of the wedge which is at 960.

Dow - The blue chips average has been unable to break through 10,000 all of last week , and we may therefore see further declines to 9700 as a concsequence. The rough +ascending wedge+ pattern in the price chart is also terminated by any close below 9700 any day this week. That suggests further declones to 9450 at least, perhaps even make a return to the origin of the wedge which is at 8900.

Just got a short open on the SP500 opening at 1061.70 -keeping bobbing in and out of credit.This is the first time on it will see what happens.
rgds
zarif

Hi Zarif and everybody.

I have a long on since Friday so good to see it moving up. The trin is a bit high yet it's moving up a pace.
Hopefully we'll see an assault on the 10000 level this week.

Harlosh -the feds meeting tommorrow and the dollar has been getting a pasting everywhere -be careful -lock your profits in as they just might retrace down before trying to assault 10000 again.

These are the levels to watch today:
s1: 9831
pivot: 9877
r1:9908
r2:9954

hope it helps

rgds
zarif

ps: u going to that ta seminar in cheadle on friday as i am and maybe will meet.

Just closed my long but it's still rising!!

Yes I am Zarif. Just got to ring them to confirm, so will see you there.

Gone short at 9947 Dec Dow

welldone harlosh:
I am short dow aswell at 9926 jan. and spx aswell and long on eur/usd.
Will see u on friday.

Now let us both start biting our nails to see it go down.

rgds
zarif