Where is the Dow & others heading in 2005?

[FetteredChinos]

dont chew brown snow

 

[Racer]

dead cat bounce, as in it is only part way down..

 

[User]

Long @ 10212...

 

[Racer]

FTSE 250 down a lot today, hmm, that doesn't look very good for bulls

 

[Racer]

DD down 2.84% in pre-market
Dow component DuPont (DD) has missed expectations and merely reaffirmed its FY05 outlook

 

[FetteredChinos]

looking quite bullish at the moment, which is a bit worrying for me.

unless we gap down some more by the open, then i would be looking for a gap fill.

now the question is.. which gap will be filled first? mondays, or todays?


hmm. $64,000 at stake.

 

[Racer]

Bullish?

 

[Racer]

LONDON (AFX) -- U.S. stock futures were drifting early Tuesday, indicating some expectation for consolidation on the open in New York as Dow industrials component DuPont drew attention to rising raw materials costs.

Technology stocks were in focus after a couple of cautious outlooks from chipmakers emerged. TSMC , the world's top contract chipmaker, overnight said it expects second-quarter shipments to rise on the March-ending quarter, but it also said it expects pressure on prices.

In Europe, Infineon Technologies shares were last down 4% after the memory chipmaker swung to a wider-than-expected loss as sales slumped.

 

[FetteredChinos]

sorry, i should clarify:-

not initially bullish.

small gaps tend to close, its the larger ones that gap and run.

30pts isnt that large a gap, so we could see it closed today.

im still remaining short though. a system is a system.

 

[roguetrader]

SOX getting a kicking pre-market

 

[kriesau]

User long at 10212 and FC short at 10244.
Hmmmm... this should be interesting.
Who closes first !

 

[FetteredChinos]

eyeball to eyeball.

i think ive got him by the knackers at the moment though

lol

FC

 

[Slapshot]

it's trying to break 10200......

 

[FetteredChinos]

the 3 o'clock hero had a go, didnt he..?



fickle old sod today isnt it.

 

[kriesau]

HP, GM & Dupont are the main fallers so far.

 

[kriesau]

Furious battle over 10200 !

 

[FetteredChinos]

they are manipulating this over 10,200. IMHO

i think they realise once more that a fail of this will send us back down towards 10,000

dont know how long they can prop it up though.

10,050 by early tmr?

 

[Slapshot]

Let's hope we're not going to be bouncing around a close range like yesterday. We need some action!

 

[kriesau]

Only IBM is really holding it up.

 

[FetteredChinos]

Let's hope we're not going to be bouncing around a close range like yesterday. We need some action!

Don't we all.

Bring on the Dancing Girls!

Racer, do your stuff