Dow 2008

[breadman]

still long with stop at breakeven levels to break through are 12660, 12705,12715. if we fail to hold 12600, 12200 is on the cards.

 

[dans_ya_man]

yawn yawn yawn, what a bloody boring day, stuck in a 100 point range

 

[breadman]

closed my long for 47 points.
we held 12600 today but could only get as high as 12665 for a double top, i thought it might get to 12715. we have a bearish weekly candle at the moment if we can't bounce tomorrow i will be looking for this market to trend down for the next 3 to 5 weeks.

 

[jayjay121]

great op for a long right now in futures........................exsisting housing can't be all that bad, we have had nothing but bad all week, so im long right now pre market at 12565

 

[atrim]

Interesting

great op for a long right now in futures........................exsisting housing can't be all that bad, we have had nothing but bad all week, so im long right now pre market at 12565

Interesting as I am thinking the same.

What stop + profit target?

 

[superspurs]

yeah sounds about right as i have just this morning had my stop hit

 

[firewalker99]

yawn yawn yawn, what a bloody boring day, stuck in a 100 point range

you'll have your big moves soon enough...

 

[firewalker99]

Final note

I leave you all with a final thought Grey1 posted on May 6 in his private board.

He has excluded me from there (not that it matters because I'm leaving lol) But it's remarkable how frustration can cause people to do all sort of things. For example, his long from April 17 is turning out into a loss... what a shame. Nonetheless, I hope you all frame his words, because they will soon become immortal:

____________________________________________________________________________

"heheh they are dreaming .. THIS MARKET WILL NEVER EVER GO TO MARCH LOW .Oil hits 120$ and market rallies , is this a weak market ?

grey1"​

_____________________________________________________________________________

Meanwhile Oil hit $135 and as for the DOW... I'll let that one speak for itself.
Enjoy the ride

 

[jayjay121]

Interesting as I am thinking the same.

What stop + profit target?

im going for 580,590 area, with stop of 20.

THAT WOULD DO ME FOR TODAY FINGERS CROSSED.

 

[breadman]

looking for 12495 to 12515 area for a buy

 

[Pat494]

Are you long yet ??

 

[breadman]

i was long from 12503 and still in

 

[firewalker99]

looking for 12495 to 12515 area for a buy

Are you long yet ??

If you insist on taking longs in a market that screams at you this is going lower: 470 is support.

 

[Pat494]

One small bunny hop but back at floor level again

 

[Pat494]

If you insist on taking longs in a market that screams at you this is going lower: 470 is support.

Well maybe imHo - let's wait and see a bit though

 

[breadman]

close 12510

 

[dans_ya_man]

Sell 12545

 

[Atilla]

Sell 12545

fwiw I think this market is going to retrace according to my daily and 4 hourly charts to
Fib 23% approx 12600 or Fib 38% = 12700 before tanking again.

I did have a quick long scalp today but don't have the stomach for it given the uncertainty.

Weeklies still looking very bearish.

 

[dans_ya_man]

s/l hit for -10

 

[dans_ya_man]

fwiw I think this market is going to retrace according to my daily and 4 hourly charts to
Fib 23% approx 12600 or Fib 38% = 12700 before tanking again.

I did have a quick long scalp today but don't have the stomach for it given the uncertainty.

Weeklies still looking very bearish.

Yeah you could be right there, thought we were going to trade in a tight 100 point range again, closed once it passed daily highs