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

as long as the presidents speech goes well then i would think we will see a rally before end of day. i hope so anyway.

javid

Shorts very healthy and dow still negative with about 8 mins to close. I closed the long of earlier in the day so had a good day today.Creamed the dow well and proper.

Well done zarif. You got all my money. :-)

The Ym opens in about 40 mins -Lets see what it has got in store for us. I think we could have a mixed day giving both long and short opps.Remember dont pre-empt the market let it show its hand first.

KEY EVENTS TO WATCH FOR:

7:00 AM ET. MBA Refinancing Index (last +25.1%)

7:45 AM ET. ICSC-UBS Store Sales Index for wk. of Jan. 17 (last -
0.4%)

8:30 AM ET. December Housing Starts (seen -5.8%; last +4.5%)

8:55 AM ET. Redbook Retail Sales for wk. of Jan. 17 (last +0.3%)

rgds
zarif

zarif, did you close both your positions in profit yesterday?

Yep -Just lucky i guess. and kept the shorts to the end near enough.
Lets see what it spews out at us today.
rgds
zarif

was on it way up then bush started talking and i went short. woohoo! thanks bush.

I'm long DJ, not sure how long I should hold.

i got a long position for a couple of months now. looking to close that this week. in between i have a few long and shorts for day trades. works well for me.

I was`using stops, but they kept kicking in too early! May try again, but will put in place with a bigger gap - so hopefully will only kick in if price actually falls rather than drops and pulls back!

Dow seems to be fighting hard to get through 10,600
and there's still two hours of trading left.

If it fails to break above it I can't see it staying up
here until the close.

I wish it would sort itself out, I'm trying to work out
tomorrows FTSE strategy.

How can the US keep pricing in even greater revenue?
It's already priced in more than we're getting.

I'm starting to think that we may settle into some range
trading soon rather than trending.
There's got to be a limit to the risk that the US pundits
can spoonfeed to Joe Sixpack. Hasn't there?


Melnibone.

Look who is their president! I think you may be thinking with too much logic, which they don't seem to be in the US.

range tradig will definitley be the way i think. it is hitting a resisitance and cant see much more upside for a while. markets need to settle down for a bit.

Unbelievable. Back to where I bought my long.
The Feds want this up and they are going to keep it up.
I've a bloody good mind to trade long without stops altogether from now on.

I've set my stops about 20 below - I've upped them for the 6th time, DJ taking FTSE with it! (Long FTSE & DJ)!

ftse follows dj closer than any other market. i would suggest about 100-150 for stops and ofcourse it is up to you for limits.

I use the low for the previous day for stops on the Dow. This is why I like to get in on down days.
I don't know if anyone is using TA type indicators but I have been experimenting with the momentum set to two days. In the current trend buy when the indicator drops below zero - like yesterday. It looks quite promising.

As for the ftse - it's a complete mystery to me.

Will the Dow stay above 10600?

Seems to be stuck between 10610/20

I'm looking at the S@P for direction.

It's kissed 1050 which is major resistance. I wouldn't
consider any new longs at this point.

Getting the feeling that this is the last pop before a retracement.

Looking for a pop and drop on the FTSE tomorrow if things remain
the same as they are at the moment. Depends on when the DOW starts
to retrace, this evening or tomorrow afternoon.

Going to look for FTSE index shorts, these levels are too rich
for me without some kind of pullback.

Melnibone.