Dow 2009

[Zele]

me too

 

[francisfinley]

me too

put a cheeky sell on @ 8200 n all!!

 

[Zele]

i ve sold it 8 134 target 8 080 50 % next 50% by hand xixiix

 

[francisfinley]

i ve sold it 8 134 target 8 080 50 % next 50% by hand xixiix

not in any position at the mo.

watching 8134.

1hr chart for 8200 action
30 for 8100

 

[francisfinley]

i ve sold it 8 134 target 8 080 50 % next 50% by hand xixiix

see if 8100 holds but 8080 is looking good.

 

[francisfinley]

see if 8100 holds but 8080 is looking good.

take the 8100

 

[Zele]

ok cool by now where we going the last 1h

 

[francisfinley]

ok cool by now where we going the last 1h

i put a sell in when we just bounced off 8134 for a quick 1

 

[francisfinley]

i put a sell in when we just bounced off 8134 for a quick 1

4 in a row, think im done today!:clap:

 

[Zele]

4 in a row, think im done today!:clap:

cool cool mate


:clap:

 

[francisfinley]

long if we get above 8050 will add above 8093
short at sustained selling through 7980 will add below 7938
yoyoing btw 7980& 8050 atm

 

[KUTERO]

 

[Zele]

r we going to c 7 800 today ?

...hi mates

 

[Atilla]

r we going to c 7 800 today ?

...hi mates

We are more likely to see 8300-8400 first imo.

 

[francisfinley]

range tastic.

i would really keep out until it breaks.

 

[Atilla]

range tastic.

i would really keep out until it breaks.

Wise words.

What range do you see Sir Francis?

 

[N Rothschild]

im looking for a touch of 7000 over the next few weeks

 

[francisfinley]

well atilla there is a mega wedge as its been sidewinding with the ranges lower end shifting down. i have drawn trendlines and which ever one breaks i will move with. currently @ 8183 7.15 GMTso theres been some interest overnight. 8100 seems to be the key battleground today / tomorrow.

watch for falls below 7950... sell
buys above 8250 - watch for sustained action as everyone is selling very hard off highs.

the current market is only good for short term traders, quick enough between the pivots. its very very difficult to trade for me.

i would expect another downleg but the djia has been resilient not to totally give up 8000 given the news that is coming out but like last week how much punishment can 8000 take?

 

[Atilla]

well atilla there is a mega wedge as its been sidewinding with the ranges lower end shifting down. i have drawn trendlines and which ever one breaks i will move with. currently @ 8183 7.15 GMTso theres been some interest overnight. 8100 seems to be the key battleground today / tomorrow.

watch for falls below 7950... sell
buys above 8250 - watch for sustained action as everyone is selling very hard off highs.

the current market is only good for short term traders, quick enough between the pivots. its very very difficult to trade for me.

i would expect another downleg but the djia has been resilient not to totally give up 8000 given the news that is coming out but like last week how much punishment can 8000 take?

Volume is a telling sign. I too am watching with the odd scalp. Overall it is going down imo. I have 7500 if 7950s fail...

However, I still feel we need some impulse to take 8300s at least and test the highs before next wave down.

 

[Atilla]

We are more likely to see 8300-8400 first imo.

Guys,

We are now in the danger zone imo.

Lack of volume I see the rally phasing away at higher prices.

Can't see what the Feds going to do or say but come Thursday / Friday we should have some interesting moves I reckon. :-0