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

Snoball -Welldone its great when things go to plan and pays to stick to strategy.Emotion as you say greed and fear are the main culprits in this game.
Its a tough call to exit a profitable trade and even a tougher when to bear the losses from a bad position.
In your case i dont think it was greed but better to take a good profit that u r happy with.
Bigger stakes i dont entirely agree to put them on straight away on a position more wiser to add to a winning position using a pyramid effect as the increases would be smaller and losses smaller as the market can change anytime -but then again its me "teaching a granny to suck eggs"in your case.

rgds
zarif

Remember guys/gals the Ym witching hour is the last hour of trading -so be prepared for the unexpected. on the other hand nothing dramatic may happen.

rgds
zarif

Thanks Zarif for those words of advice.Very much appreiated.
Have a good weekend


Tariq

I've simplified the chart in the header link and added an explanation.

snoball, the chart looks good and I think I understand it!

Will just have to see what unfolds over the next couple of weeks and actually put it into practice! The US is open more than the UK (not as many holidays!) over the next 2 weeks so it should be interesting.

I also understand that traditionally individuals invest more cash between now and the new year rather than spend it! So although the fund managers may take profits - and I wonder if they bed & breakfast as we used to before the 30 day rule came in, the money may just get reinvested straight away keeping the market high. Of course the individual investor could be doing the same, and in the end up buying more! These could be contributing factors of why thier market is still so high in comparison to the UK

good point about the holidays lw.
does anybody know when New York is closed over the holiday period?

edit: here's a calendar

Key levels for Monday 22nd Dec 2003.

Guys/gals be careful as the market can do anything and with all these Terror alerts in the states the market can be spooked and we dont want to be caught out if they start taking profits in view of this.

rgds

zarif

Wishing you all

A

HAPPY CHRISTMAS

And

NEW YEAR

 

Have a GOOD ONE.

 

from

Zarif

Key levels to watch today.

I wouldnot be surprised at all if they start taking profits today before moving up.

rgds

zarif

Zarif,

thanks as ever for your postings - wishing you and everyone else a merry xmas and a prosperous new year

Steve

KEY EVENTS TO WATCH FOR:

7:45 AM ET. ICSC-UBS Store Sales Index for wk. of Dec. 20 (last
+2.1%)

8:30 AM ET. Final Third-Quarter GDP (seen +8.2%; last +8.2%)

8:30 AM ET. November personal income (seen +0.4%; last +0.4%)

8:30 AM ET. November personal spending (+0.7%; last unchanged)

8:55 AM ET. Redbook Retail sales for wk. of Dec. 20 (last -1.1%)

9:45 AM ET. University of Michigan Dec. final consumer sentiment
(seen 91; mid-Dec. 89.6; end-Nov. 93.7)

4:30 PM ET. ABC/Money Consumer confidence for wk. of Dec. 20 (last
-11)

ttt

Seasons Greetings to all you Dow Traders
and may 2004 be the BIG one.

FWIW, has anyone noticed that judging by the last few days all you have to do to make a few bob is go long at 1 O'clock Dow time and sell at the next days open?

Snoball: u r quite right i have been taking longs around that time( without looking at the time)lately and it seems to work.
What are your guesstimates today? Reckon will head down towards close -mild profit taking in lieu of terror threats as time gets near xmas and not leave their hard earned cash vulnerable-that would be a logical move but the market is an alien and doesnot really follow "our logic"

Have a good xmas and a propserous new year and many thanks for your undevoted work and postings on this thread. I hope with all your help we can make it one of the best ones around in the new year.

rgds
zarif

23 Dec 2003 18:31 BS DJ US/Bahrain -3: Threat In Kenya, Yemen, Saudi Arabia -CNN




The U.S. government has received intelligence reports that al-Qaida is planning attacks against U.S. interests in Saudi Arabia, Bahrain, Yemen and Kenya, Cable News Network reported Tuesday, citing a senior State Department official. The official said the intelligence spells out a general threat of attack against U.S. interests in those countries, but doesn't mention a specific target, CNN reported.


(END) Dow Jones Newswires

December 23, 2003 12:31 ET (17:31 GMT)

Yep, zarif. Looks like they are doing just that and getting ready for the holiday. No 3 o'clock rally by the look of it.

Just got a MoneyAM email pushing Capital Spreads. Looks like they are offering good deals on the spreads. 5 points on the Dow daily. 50 per 1 deposit. Looks very tempting. Anybody using them?
Right that's it. I'm off until the 27th.
Nite y'all.

Snoball:
re:capital spreads.
I am not using them but have opened an account online with them -have not put any money in it but am using their charting as its quite good. Couple of times did notice that their price and the market prices were different compared with ig etc.
rgds
zarif

ps: managed 2 shorts and one long b 4 on the dow while boredom was killing me.

Morning all:
Remember the UK market closes today at 12.30 hrs and the YM closes at 18.00hrs.
rgds
zarif

KEY EVENTS TO WATCH FOR:

7:00 AM ET. MBA Refinancing Index (last +16.8%)

8:30 AM ET. Initial Jobless claims for wk. of Dec. (seen -3K; last -22K)

8:30 AM ET. November Durable Goods Orders (seen +0.8%; last
+3.4%)

10:00 AM ET. DJ-BTM Business Barometer for wk. of Dec. 13 (last -
0.1%)

10:00 AM ET. November New Home Sales (seen +1.2%; last -3.5%)

12:00 PM ET. Grain and Livestock markets close early in honor of
Christmas Eve

1:00 PM ET. Stock Market closes early in honor of Christmas Eve

2:00 PM ET. Bond Market closes early in honor of Christmas Eve