Where is the Dow & others heading in 2005?

[jonnyy40]

You tell us,sage of Gundergi(sp?)

 

[User]

I don't think 500 can really be called resistance when it's breached it by 20pts already today. It's certainly a 'ramp'...

On a weekly chart if we move higher then 10500 as I've suggested and then close below 10500 for the week then that implys the region of 10500 as resistance. Its looking good at the moment.

As suggested in my analysis we can move higher then 10500 but you can look at it now as its finding trouble with the 10500 mark.

Great to see the informative posts coming in.....good start

 

[roguetrader]

I'd be looking at a band from500 to 560 as an impass, 500 is a nice round number, the 50% retrace of the move down lies just below at 493 , a trendline from the lows in '02 sitting at the moment around 538 and the highs of a range late Mar early Apr top out around 571, so a lot of stuff in and around here here.

 

[roguetrader]

Volume pattern continues, NYSE lagging while Nasdaq slightly ahead. Internals remain modestly bullish

 

[jonnyy40]

he's gone round the back

 

[counter_violent]

This is now setting up for a 40/50 point move , sometime after 19.30 hrs

 

[kriesau]

This is now setting up for a 40/50 point move , sometime after 19.30 hrs

:arrowu: or :arrowd: :!:

 

[User]

Down :arrowd: IMHO

 

[counter_violent]

:arrowu: or :arrowd: :!:

Can't say which way , i'll get shot !!

 

[kriesau]

Can't say which way , i'll get shot !!

By whom

Apollo has long slipped the mortal coil

 

[counter_violent]

he's gone round the back

Is Dartmoor in Devon ?

 

[User]

Down IMHO

Nice to see that I got that spot on

However as suggested in the analysis we will see moves higher then 10500 but high chance of closing below 10500 for the week. Should be interesting to see the close today.

RT whats the volume telling us?

 

[jonnyy40]

Yes.It sounds good for us werewolves but not when you need to pee after drinking a gallon of blood on a cold night

 

[jonnyy40]

I'm trying to hold as you'd expect 1200

 

[kriesau]

Is Dartmoor in Devon ?

It sure is !

Haven't been there myself - cops haven't caught up with me yet

 

[counter_violent]

It sure is !

Haven't been there myself - cops haven't caught up with me yet

It's not the cops you need to fear !

 

[sandrab]

Hi

Chart of Dow 7.30 pm 23 May 2005

Sandra

 

[Minder]

Hi

Chart of Dow 7.30 pm 23 May 2005

Sandra

With the target having been reached, is that a short opportunity ?

 

[Effkay]

Hi

Chart of Dow 7.30 pm 23 May 2005

Sandra

What are you using to make those charts?

Thanks

 

[neil]

Aha Jim Lad........

It's not the cops you need to fear !

'Tis the Hound Of The Baskervilles then