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

DOW SHORT TERM:-
I think the Dow rally a little too aggresively from yesterday's low of ard 9885 to today's high at abt 10030 - i am incline to think that it's due for a correction. But then again i am a novice trader so any opposing view i am only too gald to hear :>

Quiet here for the open!

NEW YORK (AFX) - The 'Diamonds' , a tracking stock for the Dow industrials , edged up 3 cents to $100.41 in pre-open trading. The Dow rose 86 points to 10,008 Thursday, the first close above the 10,000 level since May 2002. Among Dow components seeing activity ahead of the opening bell, Microsoft edged up 9 cents to $26.70, Wal-Mart added a dime to $52.91, Intel advanced 15 cents to $31.06 and Home Depot was 22 cents better at $34.75.

Just popped in to see the open.
I won't stay to watch. The die is cast and I am not going to be tempted to change my stops etc. I'm practising disciplined trading.

I'm short at 10009 from yesterday.
Glad to see it falling a little from it's highs.
Hope to breakeven soon then move into profit.

Wwwwwwwwwrong!

Harlosh, I know the feeling!
Luckily I am on the right side of the move for a change this time.
Stop moved up to break even on my long January Future.

Afternoon guys/gals:
The Ym futures had juped up some 185pts lastnight at midnight from the news of Saddam Husseins capture (had they bagged osama bin laden aswell reckon the dow would be 11000 odd by now)Be careful of the euphoria as it doesnot make the stock or the index worth more.Watch the opening then place the trades as there will be an upside then surely it has to retrace and dont forget the triple witching on friday.Market cannot be driven by sentiment alone and emotion can change very quickly from euphoric greed to fear and loss.

rgds
zarif

ps: harlosh u missed the newskills seminar on friday - imho i think it was the best that i have been to and the teacher was brilliant and no Bullshit in his work.

rgds
zarif

Zarif,

Sorry to have missed you/the seminar friday - do you know if they are running anymore?

Fundamental.
Yes they are going to be doing some in january as soon as i have the dates will let u know.

megashits- the igindex site is down-tear the hair time!!!!!

thanks Zarif

Beginning to wish I'd covered my January long this morning. It's worth a lot less now.

Isn't hindsight a wonderful thing - if I had said at this time last night that the DOW would go down today, then the people in white coats would have been here in a flash!!!

It's been going up all last week. It was due for some corrective action, Fundamentalist.
I'm still long the Jan future with a profitable stop in now.
I wouldn't be surprised to see some more downward pressure tomorrow but what do I know?

KEY SUPPORT AND RESISTANCE LEVELS

	SUPPORT < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />	RESISTANCE
Nasdaq Composite	1900	1940
S&P 500	1050	1075
Dow Industrials	9920	10,120

 

 

Hi guys/gals:

I hope u r all trading safely and wisely. I get worried when the market cant lift up with good news as has been happening recently. I think the market is due for a serious consolidation and retracement and could drop like a stone.Be careful as it could give u good gains or massive losses. Dont forget the stop loss placement and lock in profits.

Remember the motto: You must be prepared to take a small loss otherwise it is just an invitation for a bigger unbearable loss.

rgds

zarif

KEY SUPPORT AND RESISTANCE LEVELS

	SUPPORT < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />	RESISTANCE
Nasdaq Composite	1900	1940
S&P 500	1050	1075
Dow Industrials	9920	10,120

 

 

Hi guys/gals:

I hope u r all trading safely and wisely. I get worried when the market cant lift up with good news as has been happening recently. I think the market is due for a serious consolidation and retracement and could drop like a stone.Be careful as it could give u good gains or massive losses. Dont forget the stop loss placement and lock in profits.

Remember the motto: You must be prepared to take a small loss otherwise it is just an invitation for a bigger unbearable loss.

rgds

zarif

KEY EVENTS TO WATCH FOR:

7:45 AM ET. ICSC-UBS Chain Store Sales for wk. of Dec. 13 (last -
2.5%)

8:30 AM ET. November Consumer Price Index (seen unchanged; last
unchanged)

8:30 AM ET. November Consumer Price Index, ex-food and energy
(seen +0.1%; last +0.2%)

8:30 AM ET. November Housing Starts (seen -3.1%; last +2.9%)

8:30 AM ET. Third-Quarter Current Account (seen -$136.2 Bln; last -
$138.7 Bln)

8:55 AM ET. Redbook Retail Sales for wk. of Dec. 13 (last -1%)

9:15 AM ET. November Capacity Utilization (seen 75.3%; last 75%)

9:15 AM ET. November Industrial Production (seen +0.5%; last +0.2%)

4:30 PM ET. ABC/Money Magazine Consumer Confidence Index (last -
11)

Pivots and s/r for today

rgds
zarif

Dow not giving much away at present -range bound and am just watching at present.

Boy is the dow boring today!!!!! There is hardly any mobvement to make trades.Are they trading today or taken early holidays!!!!!!
I wish somebody would stick a rocket up the dows arse.