Dow 2007

[Dowking]

long at 13430 (daily cash) stop at 13415. Looking for a quick bounce in the open.

Grab your nuts and hold on!

Out at 13440 for +10 (without clenching!)

 

[Dowking]

dammit! talk about too early - the yanks waited till i was out of my long and then roofed it! oh well - still up on the day i guess

 

[2468steve]

that was some spike up.....

 

[Dowking]

13500 is the key has been intraday resistence for the last 2 days. Anyone got any views. Maybe worth a quick short if it gets anywhere near there.......

 

[Dowking]

Wholesale inventories just came out 3pm - 0.3% as expected. DJ pulled back a bit then - not sure what the market was looking for

 

[2468steve]

Wholesale inventories just came out 3pm - 0.3% as expected. DJ pulled back a bit then - not sure what the market was looking for

I'm watching 1510 on SPX...take my cues off that

cheers

 

[free4440273]

Wholesale inventories just came out 3pm - 0.3% as expected. DJ pulled back a bit then - not sure what the market was looking for

...trouble is, the market does not know what it's looking for

 

[Dowking]

I'm watching 1510 on SPX...take my cues off that

cheers

Is that in the cash? short a break of that 1510 level perhaps, or look for bounces?

 

[shortorlong]

a deal on climate change by the G8 . good for bears perhaps .. until the detail comes out and we find it's a fake

 

[Ziff]

...trouble is, the market does not know what it's looking for

Even old Oscar has not issued an OMNI for today..........

 

[2468steve]

Is that in the cash? short a break of that 1510 level perhaps, or look for bounces?

cash....corresponds with 13440 roughly...but I find it better indicator.....more stocks to move

 

[Atilla]

Is that in the cash? short a break of that 1510 level perhaps, or look for bounces?

I don't know about the market but I'm looking for a decent correction :cheesy:

 

[firewalker99]

long 13440 fut,

had a very nice long dax earlier on so had to skip the dow long at the open...

 

[2468steve]

cash....corresponds with 13440 roughly...but I find it better indicator.....more stocks to move

looks like we may have answer soon...if it goes it'll try and get back in range...if it tits about around that level building strength to bust it...for bulls need swift rejection

 

[smbtnt]

long 13440 fut,

had a very nice long dax earlier on so had to skip the dow long at the open...

Are you expecting a double bottom and volume capitulation here Firewalker?

 

[2468steve]

long 13440 fut,

had a very nice long dax earlier on so had to skip the dow long at the open...

I see that FW...nice...a jack of all trades (markets)....

 

[2468steve]

cash....corresponds with 13440 roughly...but I find it better indicator.....more stocks to move

just to clarify,the reason I use cash markets is my analysis uses volumes....find cash markets give a better indication regards volume....500 stocks in SPX much harder to manipulate than buying 1000 lots on futures...futures can be pushed around wherever that operator wants it to go....i.e push market up 50 points pre-market and then unload stock on open of cash into a higher price....waffling again,sorry....

 

[firewalker99]

Are you expecting a double bottom and volume capitulation here Firewalker?

actually, I think we've had potential capitulation on dax... check around 1415 (that's my time frame, but about 2 hours ago from now) -> so on dow it happend "overnight"

10k volume on strong down bar but immediately followed by another 10k up bar with quite some buying coming in...

 

[firewalker99]

long 13440 fut,

had a very nice long dax earlier on so had to skip the dow long at the open...

exit 1/2position at 13470 = +30

 

[2468steve]

the longer this sideways chop goes on the likelyhood is down IMO