well back to unchanged. good action I guess. It is a shame when there is such a collapse from being 80 points in the green that it really doesn't stick the move. Confirmation is needed, i.e a push below the 10500 level. I didnt think it would support as it has(it is just a round number)- those M.A's are still in the 530-540 level. If we could get below we will be in a different range, say 250-500. Lets see what the close brings... could this be the day when buying at 9 PM and selling the futures tomorrow about lunchtime is not just the easiest money to make- shame I haven't been making any of it though!!
Kriesau- We seem to close wellish and then get ramped up in the morning generally on the back of recent strength in Nikkei and then in the morning session the DAX/FTSE have both been remarkably strong. Dow futures stay up and then gradually fade throughout the day. This is not an 'every day cert.' but it has some track record now. B.T.W agree about P&G! fair enough, it is a good stock!
fudgestain
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50+ point play from the Open.fudgestain said:My lumpen-proletariat friends.
Monday (22nd).
Dow.
Play the up leg.
Racer
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Chart pattern on weekly bars potential downside target 9000 (I have no time frame sorry)
Other pattern which I haven't counted yet has a poss even bigger fall
But both of these have not confirmed so I will wait for signals
And I am not saying this will happen overnight! The time scale for the target could be quite long after all the PPT will not like that sort of target!
Other pattern which I haven't counted yet has a poss even bigger fall
But both of these have not confirmed so I will wait for signals
And I am not saying this will happen overnight! The time scale for the target could be quite long after all the PPT will not like that sort of target!
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Choppy, isn't it ?
I have support at 10515 and 10461. Low so far today of 10528.
I'll risk a cheeky long at 10517 if we get a touch at these lower levels. Somehow I doubt it will get that low. Still, nothing ventured, nothing lost. :cheesy:
Wouldn't be surprised to see a full reversal for a close positive. Reverse of yesterday.
I have support at 10515 and 10461. Low so far today of 10528.
I'll risk a cheeky long at 10517 if we get a touch at these lower levels. Somehow I doubt it will get that low. Still, nothing ventured, nothing lost. :cheesy:
Wouldn't be surprised to see a full reversal for a close positive. Reverse of yesterday.
Before anyone gets too bearish, I'll just throw this into the mix..
Another coupon pass from the Fed today. $998m.
The liquidity pump is not out of gas yet.
Another coupon pass from the Fed today. $998m.
The liquidity pump is not out of gas yet.
User
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A bounce from current levels could be expected.....
I think this range will drag on into this week.....10500-10720 odd.
September should be exciting though.......
The longer this range activity continues the more confident I feel that a major move is on the cards......and I'm not talking about a 100point move......
...1000 point move........
A move towards 10700 could still be expected at this moment in time........
Interesting stuff.......Interesting juncture as we are at 10500 will we snap it and pop lower now?
I don't think we will see it happen yet......
Good Luck though....
I think this range will drag on into this week.....10500-10720 odd.
September should be exciting though.......
The longer this range activity continues the more confident I feel that a major move is on the cards......and I'm not talking about a 100point move......
...1000 point move........
A move towards 10700 could still be expected at this moment in time........
Interesting stuff.......Interesting juncture as we are at 10500 will we snap it and pop lower now?
I don't think we will see it happen yet......
Good Luck though....
