Where is the Dow & others heading in 2005?

[mpjordan]

Just closed my 2 longs on dow ,ave 45 points each trade. watch it climb now.
mj

 

[kriesau]

Tested 10260 twice already and now making a third attempt. First downside level of support looks like it will be in the 10180 - 10200 range.
Just opened a second short position on the Nasdaq 100.

 

[DowSyndrome]

Sloping top on resistance?

 

[kriesau]

Ranging between 10260 and 10220 for 90 minutes now. Waiting to see which way it finally breaks.

 

[kriesau]

Finance and Pharmaceuticals currently supporting the market, other sectors all down.

 

[mpjordan]

Long at 10193, bring on that bounce!
Mj

 

[counter_violent]

Long at 10193, bring on that bounce!
Mj

Agreed, strong possibility of long action on the divergence front also .

Apologies for absence from thread due to work commitments.

Pleased to see that peeps are going "longs" with caution

 

[kriesau]

Volume so far today seems very low especially in comparison to the past two days. This might presage a flurry of buying or selling this afternoon. Been ranging between 10195 and 10220 for an hour now

 

[trendie]

got jittery. closed out my 10,415 short at 10,202, for +213.
nice end to the week.

 

[counter_violent]

got jittery. closed out my 10,415 short at 10,202, for +213.
nice end to the week.

Nice one Trendie

 

[kriesau]

Been waiting over an hour on a daytrade short at 10200 that I placed at 4.40pm today and now its finally broken out of the 10195 - 10220 range. Next level of support is probably 10120 - 10150. Without GE, Citigroup and Pfizer this would have moved down earlier.

 

[mpjordan]

Stoped out for 20 pt loss, so much for the bounce.
mj

 

[Pat494]

Bounce

I think it's coming but not quite yet.

 

[kriesau]

Techs & Oil (down) versus Finance & Pharmas (up). That is todays battleground for the direction of the Dow.

 

[trendie]

Pat494,

how high do you anticipate this bounce to go?

 

[Racer]

Well they bounced at the right time for me.. just before I went out (about 3 pm UK) I added my postions back on again and added to them as I didn't think the strength was there and my target of 10000 and possibly 9800 is opened, just got back and very pleased I did that!

 

[Pat494]

Bounce

Probably a damp squib
Cheers

 

[Racer]

They really are in selling mood tonight!

 

[kriesau]

Ranging 10150 - 10200 for more than 2 hours. GE, Citibank and Pfizer are still holding it up.

 

[Racer]

Someone get a hammer then.... or cut the string