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

Hard To call the market today:
Just being a typical "injun" and Scalping where i can.

Have to see where it turns after the 19.15gmt speech by Greenbum.Mind you he has atendency to bring the House Down at most times.
Short on cable is going Fine.( My opinion is that it has been a one Way street for a while and its about time to become a Dollar Bull.)

rgds
zarif

Just scalping UK stocks so far today.

No direction yet to take a position on S@P.
Will get interested when the Eurozone closes
and the S@P EMA rope sorts itself out.

Melnibone.

http://uk.finance.yahoo.com/q?s=^GSPC&d=c&k=c3&a=fs,ss,w14&p=e10,e20,e50,e100&t=1d&l=on&z=l&q=l

Everything starting to tighten up now.
May get some direction soon unless they wait until after
lunch and listen to the Fed's wording with the no change
in rates decision.

Melnibone.

Looking at the 200 ma on your 'rope' chart Melnibone, it all looks rather bearish still on the S&P.

Snoball: Missed you last couple of days.Everything ok I hope.
Lets see what greenbim brings today.

trade safely and wisely.

rgds
zarif

 

1170

X

1160

X

X

O

1150

X

O

X

O

1140

X

O

X

O

1130

X

O

O

1120

X

O

1110

X

1100

X

1090

X

1080

X

1070

X

X

1060

X

X

O

X

1050

X

X

O

X

O

X

1040

X

O

X

O

X

O

1030

X

O

X

O

1020

X

X

X

O

X

1010

X

O

X

O

X

O

X

1000

X

O

X

O

X

O

990

X

O

X

O

X

980

X

O

O

970

X

960

X

950

X

940

X

930

X

920

X

910

X

X

900

X

X

O

X

890

X

O

X

O

X

880

X

O

X

O

870

X

O

X

860

X

O

850

O

X

840

O

X

830

O

X

820

O

X

810

O

X

800

O

790

PnF doesn't look much better either, snoball.

Still waiting for this to print 1100 for yet another box lower.

We've come within a smidgen of it a few times.

Melnibone

Waiting for greenspan to start talking in 13mins.

Rates unchanged.

Job losses slowing.

Hiring lagging.

Risks of inflation and disinflation balanced.

Fed still patient.

Melnibone.

Everything knotted up again right on the S@P PP.

Nobody knows what to do. Lol.

Melnibone.

Good short on the dow atm.
The cable rocketed up at 19.15-20 and closed that and took a short atm looking good.

well done greenbum - no action is action.

rgds
zarif

nice one, zarif. 10100 is the one to break.

new low on the S&P.
I should be trading.

Gap open higher on the S@P filled.

Dow/S@P 10100/1101 supports held.

Looks like we may have seen the lows for the day.

Melnibone.

http://uk.finance.yahoo.com/q?s=^GSPC&d=c&k=c3&a=fs,ss,w14&p=e10,e20,e50,e100&t=5d&l=on&z=l&q=l

We've had a lower low and a lower high today. What we need now
is not to go higher than the day's high or break below 1100.

That will then set the S@P up with an achievable target of 1114
tomorrow to signify a possible swing low today and a trend change
to Bullish tomorrow.

Melnibone.

The question is whether any pull back now is a shorting opportunity or not.

Hi y'all.
Looks like the Dax has found support.

afternoon folks.

17 Mar 2004 14:53 BS DJ UPDATE: UK Budget At A Glance

(This updates items originally sent around 1330 GMT with two additional headlines.)

These are the top stories from U.K. Chancellor of the Exchequer Gordon Brown's Budget speech to Parliament Wednesday. Stories can also be found using the G/UKGV search code:


UK's Brown Sees Growth Picking Up In 2004, 2005>G/UKGV

-UK's Brown Sees Economic Growth At 2.5-3.0% In 2006

-UK's Brown Sees CPI Inflation At 2.0% In 2005, 2006

-Brown's Growth Forecasts Unchanged From December Report

-Brown's Inflation Forecasts Unchanged From Dec Report

-Current Budget Deficit GBP11.0B In 2005

-Current Budget Deficit GBP5B In '06, Balanced In '07

-Current Budget Surplus GBP4B '08, GBP9B '09

-Net Borrowing GBP33B In 2005, GBP31B In '06

-Net Borrowing GBP27B In 2007, 2008

-Net Borrowing GBP23B In 2009

-Brown's Borrowing Targets Little Changed From Dec

-UK's Brown: PSNCR GBP34.5B In 2005


UK's Brown Merges Customs And Inland Revenue Departments>G/UKGV
UK DMO Gilt Sales To Total GBP48.0B In 2004/2005>G/UKGV
UK's Brown Freezes Rates On Insurance Premium Tax>G/UKGV
UK Government Accepts Barker Recommendations For REITs>G/UKGV
UK's Brown To Review Tax Rates On Betting Exchanges>G/UKGV

(END) Dow Jones Newswires

March 17, 2004 08:53 ET (13:53 GMT)

Hi Everyone:
My VIEW ON THE MKT FOR TODAY.

We are going to try for higher figures today but l believe this is the markets last chance to rally.
Options expiry in the states this week will give lots of volatility.
Watch the rallies and then short.

Levels

I feel that 4470 may be the new top certainly no higher than 4530 now on the FTSE.
The top on the chart for the Dow is 10,320 but l feel we may pull short at 10,240.
The S&P has one last chance to go to 1120 but again we may pull short.

These are the levels I am looking at. Buying in the bear market is dangerous. When the markets go up everyone stuck with their cash at higher levels will now take every opportunity to take money off the table.

BEWARE
trade safely and wisely

rgds
zarif

You been reading my mind again, Zarif? :-)

I've got a 'do nothing null range' on the FTSE
between 4440 and 4470.

DOW/S@P levels to watch are 10300/1120.
Cautious Bull above, Bearish below.

Don't forget we've left a gap open higher in the US.

Melnibone.

Many thanks Mel.
As they say great minds tink alike and Fools seldom differ.

good trading.

Took a quick long and exited just as quick.
Watching atm.

rgds
zarif