Dow 2006

[kriesau]

Nikkei has a lot further to go downside for mine. That multimonth run-up needs a much larger correction on a technical basis and the like of Livedoor (rampmore, losemore) is the tip of a melting iceberg.......

Hi Joules - how are you doing ? What is your current target on the Nikkei.
Looks to me as though the first major support level is around 14800.

 

[Hook Shot]

Thanks Kriesau, and Mac I remain vigilant - especially with spx futures taking out Tues low -briefly.
Hookie

 

[macbonzo]

It's certainly pretty choppy for lunchtime. You get the feeling something is going to happen.

I haven't been this excited since Dundee Utd won the Scottish Cup

 

[kriesau]

I haven't been this excited since Dundee Utd won the Scottish Cup

Steady now !

 

[houdani]

100 day ma very close at 10640,be a shame to go to egypt and not see the pyramids

 

[Hook Shot]

Us Has To Go Up Tonight Else Knocking Euro Indices IS Easy Money......famous Last ?

 

[macbonzo]

This is volatile!

 

[solentsurfer]

This is volatile!

Like a coiled spring

 

[kriesau]

Looks like a 3rd test of 10700 could be coming up !

 

[solentsurfer]

Didn't appear to like it any more that time!

 

[kriesau]

Didn't appear to like it any more that time!

It's gotta get through 10700 and then convincingly breach support at 10680 if it is going to go down today :!:

 

[solentsurfer]

Maybe it's just going to flat line.... yer moving averages will be no use then! :cheesy:

 

[houdani]

Maybe it's just going to flat line.... yer moving averages will be no use then! :cheesy:

be more interesting sat on the floor counting my penny jar...i could use fibbonacci sequences

 

[macbonzo]

The sellers have the upper hand, but its not giving up without a fight. There does seem to be a bit of an absence of decent post lunch volume on my S&P chart though.

 

[Hook Shot]

The chart looks so bearish were going to 760 up

 

[Pat494]

Just a couple of points to ponder on:-
1. Google has passed Intel in worth (doesn't actually make anything though )
2. China has relegated Britain to 5th place in world economic terms (ah so )

 

[leovirgo]

Selling into the rallies is the working strategy so far...

Keep selling.... :cheesy: :cheesy: :cheesy:

 

[kriesau]

Broken through 10700 at the 4th attempt.
Now it has to try and break support at 10680 !

 

[Hook Shot]

Well Done Van Nistelrooy........... but seriously on Intel another 52w low so a long for the future -

 

[kriesau]

The battle is on :cheesy:

Disney, Exxon, J & J, AIG, Home Depot, McDonalds & 3M trying to take it down thru 10680.
Caterpillar, HP, Alcoa, GM, Morgan Chase, Merck & Verizon trying to hold it up.