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

I see a stranger

he brings news

you will be taking a journey

and you will return

i see my palm crossed with silver

actually mel, i don't see anything, what symbol should i be putting in

thanks

Mel same as bush - I just get a screen with enter symbol and a clean page.
rgds
zarif

Little read for before the opening of Ym Auction.

Saxo Bank Analysis byb R.Balan.

Stock Market View:

May 18, 2004 - Europe



- The euro weakened against the dollar for the first day in three in Asia on expectations a report Tuesday will show investor confidence in Germany, Europe's biggest economy, fell to a 10-month low in May. The 12-nation European currency also declined against the yen after a report showed Japan's economy grew faster than expected in the first three months of the year, the eighth quarter of growth. Germany's economy is showing no signs of a ``self-sustaining'' recovery, the Bundesbank said yesterday. Against the dollar, the euro fell to $1.1974 at 11:08 a.m. in Tokyo, from $1.2027. It also fell to 137.25 yen, from 137.48.


- Japanese stocks rose, lifting the Nikkei 225 Stock Average from a three-month low, after a government report showed the economy grew more than some economists expected in the first quarter. The Nikkei climbed 1.6 percent to 10,674.46 as of 12:42 p.m. in Tokyo. It fell to its lowest since Feb. 12 yesterday. The broader Topix index advanced 1.9 percent to 1073.25, with banks and retailers contributing almost 30 percent to the gain.


- Japan's economy grew at a greater-than- expected 5.6 percent annual pace in the first three months of the year as lower unemployment boosted consumer confidence and spending. The pace of growth reported by the Cabinet Office in Tokyo was faster than the 3.8 percent median expansion forecast by economists. Quarter-on-quarter, the economy grew 1.4 percent, seasonally adjusted, the eighth quarter of expansion. Japan's economy grew 5.4 percent from a year earlier, today's report showed. That exceeded growth of 4.9 percent in the U.S. in the same period and 1.3 percent in the economy of the 12 countries that share the euro.


- China may need to raise interest rates to curb investment if the consumer price index climbs above 5 percent, said a central bank policy maker. ``If consumer prices become uncontrollable, that is rising above the bearable limit of 5 percent, China may have to raise interest rates,'' Li Yang, a member of the central bank's monetary policy committee, said yesterday after a conference organized by CLSA Ltd. in the eastern port city of Qingdao. The central bank is concerned that an inflation rate higher than the one-year lending rate, currently 5.31 percent, may exacerbate price rises by encouraging companies to borrow and stockpile materials for profit. China's inflation accelerated to a seven-year high of 3.8 percent last month.





Equity Market Summary -


Another down day for U.S. stocks in Monday session. Equity markets finished with steep losses as further violence in Iraq and political unrest in India put investors in a dour mood. Rising oil prices also contributed to the trepidation. All three major indexes closed with losses of greater than 1%. Dow -105.96 at 9,906.91, Nasdaq -27.61 at 1,876.64, S&P -11.62 at 1,084.08


Numerous factors did the equity markets in yesterday, including the murder of the president of the Iraqi Governing Council, political turmoil in India, record-high oil prices, and sizeable losses in the European bourses, all of which pressured the trade. The market was able to make some headway to the upside in the aftermath of a report indicating that the U.S. Military found an artillery round loaded with Sarin nerve agent in Iraq. But there was little participants' conviction, as the major averages spent the majority of the session trending sideways. Majority of the sectors spent the session trading in negative territory, with laggards of note including the hardware, internet, networking, semiconductor, software, telecom, biotech, banking, insurance, transportation, and broker/dealer groups. Leadership to the upside was limited, although the REIT, gold, and oil services sectors closed the session with slight gains.


European equity markets ended Monday's session lower. The FTSE 100 in London surrendered 0.9% for the day while the DAX in Frankfurt lost 1.3% and the CAC 40 in Paris closed 1.4% lower. European bourses followed Wall Street lower amid rising concerns about high energy prices. Energy-intensive manufacturing and airlines were hit particularly hard. Worries about the strength and sustainability of the global economic recovery have been fueled by persistently high crude prices. Moreover, the election results in India are weighing on sentiment as the outcome is widely judged as a setback to the country’s increasing openness.




Equity Technicals:


- DAX Index - the index did break the 3765 baseline and was followed by further declines to 3710, and a weak recovery at the closing hour. The weak rally from the low does not inspire confidence and will likely provoke further sell-offs -- further out, the objective may be the area of 3600.


- FTSE 100 Index - the index fell further declines to 4360, and was followed by a rally back to 4410 at the close. The uptick should fade out however --- more declines are in the pipeline. Further out, the target seems to be the area of 4290 - 4275.


- S&P 500 - the downtrend did resume, and traded sideways -- the index should eventually break through 1075 support and subsequently target 1065 - 1060.


- Dow - The blue chips consolidates at just above the 9850 trough -- but the average will probably fall further, take out the 9850 support and push through to 9700.


- NDX 100 - the index did continue lower, and fell below the 1380 base -- the downtrend should follow-through to the 1370 base then further to 1300.


- Nikkei - the downtrend takes a breather today, but the bounce will likely be smothered at 10.800 -- the sell-off resumes thereafter. The next sell-off should go for the 10,000; but further out, we are focusing at the 9600 level as primary target.


- Hang Seng - the index corrects back, probably to 10,300, but the index is now in full bear mode, and reinstates the downtrend at a new breach of 11,000. The sell-off will likely extend further -- the main focus now is the area of 10,500.

where is everybody today? The BB are all very quiet.
I am off to Gds cafe for a cuppa and some chat.

Managed along at the beginning.
Now the Beast seems to be just going sude ways with 10-15 point move and its definitely not a good idea to enter into scratch trades as this beast certainly has claws which can do massive damage.

Hi guys, not sure why you don't get the chart on the link.

Just logged on and clicked the link and it opened OK.
Puzzling. :-(

Would post a MaM chart from the 'Indices' tab at the top, but
apparently I'm no longer allowed to access that tab without
a subscription. Don't know why, used to be able to.

Melnibone.

http://uk.finance.yahoo.com/q?s=^GSPC&d=c&k=c3&a=ss,w14,m26-12-9,r14,fs&p=m10,m20,m50,m100&t=3m&l=on&z=l&q=c

OK, try this one from Yahoo instead of BigCharts, and give
your view on it.

Melnibone.

Nice divergence on the MACD there Melnibone.

http://uk.finance.yahoo.com/q?s=^NDX&d=c&k=c3&a=ss,w14,m26-12-9,r14&p=m10,m20,m50,m100&t=5d&l=on&z=l&q=l

NDX has closed the gap lower open on Monday morning.
But left a nice gap open higher beneath it. :-)

Melnibone.

Nice Chart Melnibone.
Reckon the Coral reefs are better than the mountain view? Mountains look nice from a far but when you get near its those slippery boulders.
Best to wait and see what develops and scalp in and out is the best way until sure.

Dow hitting Turbulence at 9960-9970 area and i think must get past 9880-990 to hit the rocky 10000. that is if it gets that far.
Option expiry on Friday.

I think better to have short daggers drawn rather than long swords.


rgds
zarif

Looks bearish to me Melnibone.
Have a .357 Magnum tucked in your belt in case the short dagger doesn't work.
;-)

looking at the charts I have come to a conclusion
I don't know what I'm looking for
also my interpretation isn't possible, it appears to me that the Nasdaq's going up and the S & P down, so I'm going for a lay down and start considering getting a job.

bush, you've got one. Resign. Then go back to daddy. He'll give you a job.

:-)

Oh my God, I do have one, what the hell have I done, Bobby, Bobby please come out of the shower...

E-Mini S&P 500 Index (Code: ES,5/2004) - 10 Minute Candlestick Chart 

nice.

Hi Zarif

it appears E-mini achieved upside COP of 1095 last night. Now looking at OP at 1105ish.

Regards

FibCouple

See? What did I tell you? Bullish.

Managed a long on dow and SNP and a quick short on the dow.
Just watching atm as historically whenever the futures are strong they soon seem to fizzle out so best to watch and see how they are painting the canvas at the Ym.

rgds
zarif

remember as far as we are concerned there is no Bull or Bear position BUT the right position to be in.