Where is the Dow & others heading in 2005?

[RUDEBOY]

Anybody or should i say any bears, think it could touch 10600/700 in the next few months. I was just wandering about head and shoulders formation on a six month.

 

[sumathik]

market is taking you in that direction now. we have come off 50point within minutes.

 

[sumathik]

and if we reach there it will be a good place to long for the final ride to 11400 within 3 months imho

 

[User]

What the hell happened to the Dow futures! They just turned!

 

[tradesmart]

Yes the futs have tanked from 945 to 880 - looks like a test of support at 875 is on at the very least......

and of course there's that gap to 830, but to fill that now would mess up the geometry a bit..

damned inconsiderate........

 

[User]

It does sort of spoil the breakout we had on Friday if we were to close below 10850 region!

Like I was saying 12,000, 13,000. No lets get to 11,000 first.

It seemed like a full gone conclusion but it doesn't seem 100% now!

Interesting stuff, very interesting!

 

[FetteredChinos]

hmm, might try a long at 10,840 when we get there...

looks like i had this week's pattern upside down.

d'oh.

 

[Preacher-Man]

hmm, might try a long at 10,840 when we get there...

looks like i had this week's pattern upside down.

d'oh.

:cheesy: :cheesy: :cheesy: :cheesy:

You and me both... and most others I reckon...!

 

[FetteredChinos]

well thankfully apart from yesterdays -20 i havent had a main trade on the Dow as yet..


mechanical strat fires a long at 10860...

 

[tradesmart]

U.S. stock futures gave back a heady early start Wednesday with London dealers citing renewed pressure on prices in the Treasury market as a factor.

Someone's raided the treasury.........

Not to mention the usual suspects....$$$$/oil that will be blamed later.....

we've got a gap below and a gap above to fill now; take yer pick...... :cheesy:

 

[FetteredChinos]

Not to mention the usual suspects....$$$$/oil that will be blamed later.....

and me unloading 500,000 contracts...


depends on the size of the gap down we get..

if it is -50 or greater, then we could be looking at 10800 today...


if less, then a turn up into thursday/friday from 10840 would do me..

 

[User]

I am really wondering if the top of 10970 region has been made....

Could this be it. I reckon so. This is not the normall sort of action that you would like to see just after a breakout occurs. Last few days have been poor and today could we see a sell-off which could lead us back to the breakout levels. If that happens the breakout could well be nullified and that would definately mean the top is made!

Interesting action!

 

[FetteredChinos]

ye of little faith..

 

[mpjordan]

Good job I moved up my stop tight on the ftse, took 25 points.
I go away for 45 mins, its tanked. What happened?
This morning I was thinking ,damn skaken out of my long on the dow now watch it take off. Not now!
MJ

 

[FetteredChinos]

Oil data out later today..

think at 5pm ??? GMT.

watch out for sudden moves..and im not talking about Chinos on the Disco Dancefloor.

 

[tradesmart]

Oil data out later today..

think at 5pm ??? GMT.

generally at 15.30gmt....

but also the 'Beige Book' report at 19.00gmt with be perused for 'interesting' comments.

 

[FetteredChinos]

roughly or generally?

 

[RUDEBOY]

Can't wait for 14.30, should be interesting today, could be make or break time.

 

[User]

15.30 gmt - Oil inventories

 

[tradesmart]

Notable that they've taken the price down to the lower support line of the speculative bull flag which just about coincides with the previous support level of 875ish...

but I've seen the a*se drop out of bull flags before, so none of this is set in stone.....

in fact it reserves the right to be quite flexible......