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

Could this rise be The Men in Black?

A higher low yesterday and now a higher high today. Interesting.
Edit: Nope it wasn't a higher low yesterday.
9400 the one to watch.

Right on the ball!!!
good luck
zarif

I've 2 shorts in place now and another if it hits 4020...if worse happens It should still hit 9360 at some point in profit take , perhaps not today...yikes...

would be great though...

jules99.

I dont know whether you guys trade FTSE stocks...?

Im also long on a number of stocks...COLT - ARM - REUTERS -MISYS

Should turn out to be a good session if DOW stays positive...above 4350...

Ta.

Jules

j99

long ctm arm lgen bby and played rtr many times long and short may take another look at rtr again i think it could be worth playing again:-)

well played on the dow it is a great feeling but it can change at a moments notice and be vicious:-)beware...

all the best..

Rick...

Megs...u a sb or cfd trader on equities?

It's fun when ur winning and probably Ouch when ur on the other end....playing small potatoes at the moment, like everything I need to know a strategy, was wondering can you go long ans short on the DOW at the same time...i.e long at 4300 and short at 4400 and have them both open at the same time??

I have a short sell at 4020 if it hits it ...went to 4011...and then back down....last hour could see some profit taking...

Looked at Lgen and also RSA...but decided to go for ARM and Colt for quickie up on reuters from 1.14 so far...Colt and ARM should give 5 -10% by end of week...


jules99..

Jules:
I take both long and short positions on the dow many times and u should be able to do it.Also bear in mind the trade day range eg: -100 to say +100 ffor argument sake then you can take both long and short at say zero (+/- few points either side) and take gains on both trades. I usually put them at equal value eg 5/pt.

rgds
zarif

j99

cfd with cmc sb does not interest me at the moment,but who knows:-)

Why dont you activate your internal mam email:-)

Mega...

MEGA..

How do activate The email-sorry a bit docile at the moment... Just noticed my 4020 has been triggered...oops!!!

CMC confirmed has been triggered to short$10-point...

Now I pray it goes down...by 60points....or more, saying that I'd be plsed to see it finish nr 9370...

cmc also said you cannot long and short on same index, but only if you open 2 seperate a/c's...

Zarif who are you SB with, they allow this????

Jules99.

Ig index - they let u short and long at same time on sb
rgds
zarif

Thanks Zarif,

so u've had no probs with them?

what is minimum deposit and ur satisfied with service i beleive...

Sb are commission free...but the spread is wider ..no? 5 point on DOW...with CMC..

j99

go to the top right hand side of this thread and you see your user setting in a blue oval box thing,click on it and it brings up your user setting...fill in your email address and update it.No one can see you email details they are hidden from every one then if you want to email some one privately you click on there user name in blue and send them a internal email. It is that simple....

If it does not work we will have another go:-)

Mega...

igindex the service os very professional- but yes they do charge a good spread, but this nis made up on the service for eg: about 4months ago there was a spike in the system on dow and I was shorting it and I had put limit to close on auto at a ridiculous figure of 3500 and because of this down spike it went past it and Lo beholde they gave me the 3500 -when they could have reneged on the situ

rgds
zarif

Cheers meg will attempt to send later... on phone at same time trying to resolve issue with CMC...big error made by imcompetent dealer...what can you say...hopefully resolved by tonite...

do we really need this...?


just shorted again at 9465 short ranges from 9358 -9465

breaks even at ...9410 level should open down tmorrow at some point......imagine being long and soelling at now...oh well...!

j99

hope you get it sorted quick and dont lose out...

Mega...

CMC beginning to seriously annoy me today, I'll spare you the details guys...tried to do dirty by blaming me, on a trade done incorrectly by dealer, after much explaining I think they admitted reluctantly...however a couple of more weeks and I'll see if i want to stay with them...

too much bullshit...dont need that...

Jules99...

Jules:
Re:CMC
If you are getting shoddy service then My opinion is dont wait amonth give them a kick in the Bullocks and get another company that can perform -it is stressful enough watching the trades instead of having to worry about if these idiots have got it right in the first place

rgds
zarif

jules,

Perhaps I shouldn't say this (as I don't use them) but you are no the first with
these kind of problems with cmc.

Re trading long and short. I've tried it with Finspreads.
If you have a trade going on an October future and you want
to hedge it on a retracement then you can bet the daily cash.
The current month future and daily cash on the Dow are not that far apart.
It is a useful strategy to lock in profit (or loss) until the market goes
your way again.

A point about Spreadbet spreads. Although there is no commission and the
spreads may seem reasonable, because the bet quotes are based on the futures
prices, their quotes are 'sqewed' in the direction of the market. Sometimes
by a lot of points. I'm talking about Indeces not stocks.
Being able to watch the futures prices is useful.
Basically when betting the Indeces you are trading the futures.

Are y0ou long or short today???
I have got 1 long open and 2 shorts cghasing each other? I think it is going to take a nose dive today - Atleast i hope for mysake -Xstal Ball What thou sees today????

rgds
zarif

The Dow tested the 20 day low on the 29th Sept.
This indicates weakness until it breaks a new 20 day high.
Unless it rises above 9500.
Remember....check out the men in black.