FetteredChinos
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agreed.. its down again on monday as far as i can tell...
might get tempted by a long towards the end of wednesday though..
FC
might get tempted by a long towards the end of wednesday though..
FC
Racer
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solentsurfer
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frugi said:
Not sure if I've missed something in the thread but are you saying you trade the Dow with 4-10 stops - seems aweful tight?
Rising Support from 2003
Hello all, my first post here.
Got 60 pips of the Friday fall. And I'm going to watch Monday closely for a bounce.
Does anyone agree that the weekly chart rising support from late 2003 touching 9200, late 2004 touching 9600, and late 2005 touching just above 10000 gives support in theory at around 10250 currently. I think this would be a great entry with stop around the last touch at 10000.
So risk reward from 10250? With stop set at 10000 -250 pips, or possible rise back to exit set at 11000 level +750 pips, giving 3 to 1 ratio profit/loss ratio.
Anyone else think this is a good trade if 10250 is hit?
Note : 10250 was a choppy consolidation level in Oct 2005, off a bounce from 10100, giving some protection to a 10250 entry stopped below this level at 10000.
EGO2
P.S. I know it's bad to trade such round numbers where all the triggers are, so lets assume 25pip adjustments here or there! 😉
Hello all, my first post here.
Got 60 pips of the Friday fall. And I'm going to watch Monday closely for a bounce.
Does anyone agree that the weekly chart rising support from late 2003 touching 9200, late 2004 touching 9600, and late 2005 touching just above 10000 gives support in theory at around 10250 currently. I think this would be a great entry with stop around the last touch at 10000.
So risk reward from 10250? With stop set at 10000 -250 pips, or possible rise back to exit set at 11000 level +750 pips, giving 3 to 1 ratio profit/loss ratio.
Anyone else think this is a good trade if 10250 is hit?
Note : 10250 was a choppy consolidation level in Oct 2005, off a bounce from 10100, giving some protection to a 10250 entry stopped below this level at 10000.
EGO2
P.S. I know it's bad to trade such round numbers where all the triggers are, so lets assume 25pip adjustments here or there! 😉
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Racer
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VZ
I don't know how much this will affect VZ price?
"Several of Vodafone’s 10 largest shareholders have called for the mobile-phone group to sell its American business — a disposal that could raise £25bn, writes the Sunday Times.
Vodafone owns a 45% stake in Verizon Wireless, a fast-growing network operator with 50m subscribers, but has no management control. Verizon has stopped paying it dividends and uses a different brand and network technology. "
I don't know how much this will affect VZ price?
"Several of Vodafone’s 10 largest shareholders have called for the mobile-phone group to sell its American business — a disposal that could raise £25bn, writes the Sunday Times.
Vodafone owns a 45% stake in Verizon Wireless, a fast-growing network operator with 50m subscribers, but has no management control. Verizon has stopped paying it dividends and uses a different brand and network technology. "
Needs to break the next support level around 10600 first if it's going to approach that target area.dc2000 said:
Be very happy if it does since I'm short from 10825 😀
Have moved my stop down to lock in some profit in case we see a reactive bounce on Monday.
However we might just see some sideways consolidation on Monday.
Nikkei might give some guidance on this tonight.
Even more !Racer said:
U.S. Housing Is Slowing, Consumption Is Next
Recent data confirm that the U.S. economy is slowing. The January U.S. home builders’ survey was unchanged from the previous month, failing to rebound after steep losses in late 2005. Meanwhile, both housing starts and new permits were down sharply in December, underscoring the comments in yesterday’s Fed Beige Book that housing activity is cooling in most districts. Housing affordability has eroded significantly due to sky-high house prices and, to a lesser extent, higher mortgage rates. Real consumption growth tends to weaken after affordability has significantly declined.
Bottom line: with housing cooling, a replay of the 1995 mid-expansion economic slowdown looms.
solentsurfer
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I would be interested to know what peoples views are of the Dow's current ATR and if anything can be read into it (Apart from it making it a tad trickier for intra day trading). Currently running at around only 80 pts, falling steadily since November - although Friday and possibly next week will up this a bit!!
Only have raw data for the last 3 years so can't see any pattern. Probably just a sign that's it's going to shoot off one way or another 😕
Only have raw data for the last 3 years so can't see any pattern. Probably just a sign that's it's going to shoot off one way or another 😕
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macbonzo
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The tech sector (particularly semis) struggling to keep their head above water. I think there is some concern with what TXN might come out with after the bell. Also the healthcare sector has turned negative.
My guess is that we will see another push up after lunch. (Unless Nas goes negative again)
My guess is that we will see another push up after lunch. (Unless Nas goes negative again)