Racer
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Highlights of rising and falling U.S. stocks
AFX
American International Group may be in focus following a report that accounting errors at the company may range between $2.5 billion and $2.8 billion, The Wall Street Journal said Friday, citing people familiar with the matter. That would be about $1 billion more than AIG's previous estimate. AIG also will push back its self-imposed Monday deadline for filing the annual report,
Microsoft Corp. said third-quarter profit nearly doubled as it cut legal fees and other expenses, but its revenue lagged estimates despite strong sales of servers and home entertainment products.
AFX
American International Group may be in focus following a report that accounting errors at the company may range between $2.5 billion and $2.8 billion, The Wall Street Journal said Friday, citing people familiar with the matter. That would be about $1 billion more than AIG's previous estimate. AIG also will push back its self-imposed Monday deadline for filing the annual report,
Microsoft Corp. said third-quarter profit nearly doubled as it cut legal fees and other expenses, but its revenue lagged estimates despite strong sales of servers and home entertainment products.
roguetrader
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kriesau said:
It's a little dated I'm afraid but will give you an idea
http://www.streetauthority.com/terms/index/dowjones.asp
Racer
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kriesau said:
http://www.djindexes.com/mdsidx/index.cfm?event=showComponentWeights&rptsymbol=DJI&sitemapid=1
or if that doesn't work go to
http://www.djindexes.com
and
click on components
roguetrader
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Racer said:Phew.. glad I followed my instinct this morning...
the market said GET OUT OF SHORTS (sorry for shouting but that is what it said to me)
Got itchy finger wanting to put them back on though
Definitely seems the better part of valour at the moment
roguetrader said:
Thanks RT - just what I wanted !
For what it's worth I think that we will se a big upswing at the open which will test 10150 early on and if it breaks through will then test 10200. I belive that this will hold and that the market will subsequently fall back to 10100. It'll either bounce from there back up to 10150 or push through support and close down on the day.
FWIW - I'm still bearish and believe that we will see a test and possible breach of 10000 over the next two or three sessions.
Racer said:Phew.. glad I followed my instinct this morning...
the market said GET OUT OF SHORTS (sorry for shouting but that is what it said to me)
Got itchy finger wanting to put them back on though
Futures have slipped back a little to 10123. I closed my 10142 short but am still holding my 12254 and 10200 open. I moved my TSL on both to entry levels and am prepared to risk the unrealised profit to try and hold these positions in anticipation of a subsequent further decline.
One of us will be proved right and wrong on this. Be very interested to know when and where you make you new short entries :?:
Charlie says
"The Dow is down again to the very strong 10061 support level. Plenty of room above support for the inverted green triangle. To get to the latter we would have to break through the psychological 10000 level. It wouldn't take much to do that. Volumes again are average although we could see Sellers come back in on the COMPX if the index shows great weakness................Based upon what EWA seys we would expect a down day for at least half of Friday followed by a dump or a surprise U shaped day. However a lot of contrarian traders will be looking for a take-off during the first half hour and an up day, possibly a total recovery day, on Friday".
You takes yer pick............................!
"The Dow is down again to the very strong 10061 support level. Plenty of room above support for the inverted green triangle. To get to the latter we would have to break through the psychological 10000 level. It wouldn't take much to do that. Volumes again are average although we could see Sellers come back in on the COMPX if the index shows great weakness................Based upon what EWA seys we would expect a down day for at least half of Friday followed by a dump or a surprise U shaped day. However a lot of contrarian traders will be looking for a take-off during the first half hour and an up day, possibly a total recovery day, on Friday".
You takes yer pick............................!
roguetrader
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DIA pricing in a 70 odd point opening gap
