Dow Intraday charts 01/12 05/12

[mombasa]

nice spot Q - just as well I'm still short !

gotta go - am leaving stop in place and a take profit at 9820.

 

[anmolway]

cm can i have some advise please on how to distinguish a botton with volume on es. what i can see sometimes is that there is a spike of sellers, i am not sure where to do the divergence as before the spike there may be varying amounts of volume

 

[anmolway]

has anybodies cmc platform gone down - cant short

 

[JE2000]

CMC all working here. Be careful could rebound back to 9900 or fall further to 9800

 

[tradesmart]

Three peak PD bottom at around 9850 - covered my short from 9890 and now long (and now see it really tank...?! )

 

[Quercus]

Long at 9855, stop 9840 (+ve div) As TS said now see how it can plummet!
Q

 

[SpecialFX]

Just come back to my screen - things not looking so good. Agree with Q stop set at 9840 and fingers crossed...

 

[tradesmart]

Yes, 9840ish has been support before, and might be tested yet..!

seems a tad reluctant to take off from the 9850 range.......

 

[mombasa]

Hi chaps, just got home - closed short at 9850. PD and support looks like.

 

[tradesmart]

Well done Mom - a 'long' now beckons imho!

(but don't take this as 'investment' advice :cheesy: )

 

[SpecialFX]

Looks as if it could be forming a saucer - If it wasn't Friday I might even add some at this point ... (still bullish for 10k)

 

[Quercus]

There's not a lot of milk in that saucer!

 

[JE2000]

Quercus

You are from New Zealand? It must be early in the morning. Your lucky you get to trade on a Saturday.

 

[Quercus]

Yeah right - been up at 3.30am every day from Tues and watched the screen till at least 9.30 each day! You guys have got it great - nice lie in and trade till it's time for a pint of amber nectar, which by the way is dreadful down here!
Tick now looking good having just touched 800.
Q

 

[SpecialFX]

Looks like there might be just enough milk to turn it around though

 

[JE2000]

True, trading starts at 13:00

 

[Quercus]

Looks like you're right SFX, raised my stop to 9845.

 

[SpecialFX]

Q - Out of curiosity do you physically enter stops while your watching the market or keep 'mental' stop and cut loose when its reached?

 

[Quercus]

Mental - and I've just gone MENTAL and stopped myself out at 9845 - good luck to all and have a good w/e. That's me done for the week.
Cheers
Q

 

[SpecialFX]

Cheers, still hoping for a bounce - put my stop at 9835 and off to the pub. Good luck all...