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

Updated 9/8 for Tuesday's market.
Key DOW Levels for 9/9
UP Above 9,610
DN Below 9,550

Consolidating
Dow rallies, forms tight consolidation at highs.

From prior commentary, "...The Dow has formed a short term trend line above the highs of today's move, as seen in the 15 Minute Chart. An upside break of the line at 9,525 will likely spark further upside movement..."
The Dow got the upside break of the upper trend line early in the session today, and rallied sharply the first 30 minutes of trading, as seen in the 15 Minute Chart. The rest of the session traded sideways at the highs within the boundaries of a tight consolidation.

The fact that the index has formed a consolidation at the highs, and consolidations at highs typically lead to upside breaks. An upside break from the consolidation and through resistance at 9,610 will likely spark another solid move higher within the current medium term upmove.
However, the consolidation has formed just beneath the key resistance level of 9,610, seen in the 15 Minute Chart. A downside break from the consolidation at 9,560 will likely push the Dow back down toward the recent 9,460 support level.

Short Term Dow

Short term, we will watch the tight consolidation that has formed from 9,560 to 9,600, seen in the 5 Minute Chart. A break from this range will likely be solid tomorrow morning.

Medium Term Dow

In the medium term, we covered Shorts this morning at 9,532 (4 point loss on prior position). We later entered Long at 9,582, but were subsequently stopped out on the pull-back. No other trades were triggered and we are now out of the market. Watch 9,610 up, and 9,550 down, with 10 point stops.

NASDAQ & S&P

The NASDAQ and S&P each mirrored the Dow today, as the indices rallied at the open, followed by consolidations to the Close. Watch the consolidation boundaries for a break tomorrow. *

Summary

The Dow gained 83 points in today's session, finishing the day within the boundaries of a tight consolidation at the highs, below resistance. An upside break through 9,610 will likely extend the current upmove within the uptrend, while a downside break at 9,560 will tend to push the index back down toward support at 9,460.

brilliant reply - now let us see if we can keep the Ball rolling on the dow as to what it is going to do every day and what entry and exit level signals we need to keep trades robust and watch the stop losses etc
bst rgds to all
Keep up the good work
zarif

the dow has been bobbing like a yoyo in the last 2 days and today taking a nose dive like an aircraft hitting turbulence- so do we need to keep our seatbelts on and no smoking sign!!!!?
what do you think next week holds for us
rgds zarif

monday 15th sept:
what are the levels to watch for today and what do you reckon it is going to do today and this week?
rgds
zarif

The Dow is currently in a bullish trend over the medium to long term.
A break below 9219 will indicate the Dow to be short.
A break above 9609 will show the trend to be continuing.
9414 is the mid point between the two.

I've absolutely no idea what it is likely to do today.

I'm not trading the Dow at the moment because of its
low volatility.

hi snoball,
very kind of you to reply and your thoughts on the dow you are right dow is definetly not wow and the moment.
what market indices are you in at the moment?
rgds
zarif

No indeces at the moment - just watching the Dow & the S&P.

I'm about to try trading a stock or two.

snoball:
look up dicom (dcm) epic code: dcm
buy at 640p or below.

vital stats:
current mid price : 620
stop loss: 560p
market cap: 129million
limit buy: 640p
target price: 800p
sector:software and computer services
bid/offer: 615/625

i think this co: has mileage:
rgds
zarif

hello all,
The double and triple withcing hour will be here on Friday (ftse/dow) can you shed your thoughts as to what the volatility will be and what entry and exit points to watch for.? Also a twist in the tale because the Hurricane Isabel is going to impact on Thursday ibelieve. So What effect will it have on american markets needless to say the insurance sector must have developed insomnia by now
rgds to all
keep the posts going
zarif

Zarif,

You may want to take a look at my post 24 for the S&P 500 on Croc's ask a question thread.

Have a very good day,
TomL..:>)

zarif,

thanks for the DCM tip and stats.
nice chart!

The stagnated for the whole day only to boot up at the end of day. Can you suggest what holds in store tomorrow.
It would be nice to hear your views. and is we are all long or short
rgds
zarif

closed dow longs tonight for +301 :-)

still have some open and have my eye on minimum of dow 9800 :-)

dyor & nag etc etc

Mega...

Megabucks,
Do you reckon the dow is going to hit 9800? I reckon it will go southwards to about 9350 and below. Also any news on hurricane isabel to hit north carolina. If it does then Insurance sector in trouble as usual. Funny that insurance collect premiums superfast and moan when time comes to pay!!!!
good day
nb: double and triple withcing day tomorrow
rgds
zarif

i cannot say for certain that it will go to 9800 nobody can but the chart long term looks possible ? who knows that is the chance i am taking...he who dares rodney :-)

where is my crystal ball...

Hope you have a great days trading..

Mega...

Megabucks:
Sorry if my msg came across as If I was questioning your Judgement -No Malice was intended and I am Sure You Shall Have A Great Day And Goodluck With It.

rgds
zarif

Your longs must be doing nicely MegaBucks.

Megabucks:
Respect.
Hats off to you
welldone
rgds
zarif

still have a load of longs on at the moment and it is only 150 away from my 1st target 9800 but you have to have a great respect for the dow because if you dont watch it,it can be a right bastard and hammer you...Beware...

Mega..

quite right i got stung on the short but the long paid off the dividends and left me with my shirt on
rgds
zarif.