Where is the Dow & others heading in 2005?

[FetteredChinos]

early dip.. so good so far.

now will the 14.45 take us up for the rest of the day, or will it do the unexpected??

hmm..

fc

 

[Bluewave]

Tiiiimmmmmmmmbbeeeeeeeerrrrrrrrrr

 

[FetteredChinos]

shonk!!

hmm. initial over-reaction..

will 130-150 hold us up?

 

[kriesau]

Tiiiimmmmmmmmbbeeeeeeeerrrrrrrrrr

First short in (tight stop) at 10180.
Second short sitting at 10130 (long stop)

 

[JillyB]

shonk!!

hmm. initial over-reaction..

will 130-150 hold us up?

Here's hoping. But no real signs of any positive upward movement yet.

 

[kriesau]

Dell keeping COMPX up with a 4.5% rise this morning.
SOX up 1% but Nas 100 up just 0.15% and S & P off 0.33%
Crazy market

 

[FetteredChinos]

ok, own up.. who was the 3pm hero today??

now, lets start motoring...

 

[JillyB]

Could it be starting to turn? Here's hoping we can regain some ground.

 

[Bluewave]

..and back to the "comfort" of 10,200. Have a feeling it's going sideways for a bit now.

Edit: spoke too soon!

 

[kriesau]

..and back to the "comfort" of 10,200. Have a feeling it's going sideways for a bit now.

Question is: Has yesterdays support level of 10180 - 200 become todays resistance level ?

 

[roguetrader]

The SOX strong today again so far

 

[SOCRATES]

Socrates, do you have a view on the Dax at the moment?

Regards,

I'm sorry Ivorm to have missed your post I have been engaged in a ring conference since 1pm till now. At that time it was showing an unwillingness to go up. Now it has hit a tweezer bottom at 4251 and is climbing but there is a cap at 4269, let us see if it motors and breaks that, and if it does the next level would be 4280 ish so there isn't much in it for today. Don't forget it is a Friday and today is the 13th. Caution advised.

KInd Regards.

 

[JillyB]

Question is: Has yesterdays support level of 10180 - 200 become todays resistance level ?

I have a feeling you could be right on this one.

I will therefore have to hang onto this long trade for a bit longer than normal. Oh well!!

 

[kriesau]

The SOX strong today again so far

SOX is motoring - nearly 2% up, still keeping my Nasdaq 100 short from last Monday underwater

 

[kriesau]

I have a feeling you could be right on this one.

I will therefore have to hang onto this long trade for a bit longer than normal. Oh well!!

From where are you long ?

 

[ivorm]

I'm sorry Ivorm to have missed your post I have been engaged in a ring conference since 1pm till now. At that time it was showing an unwillingness to go up. Now it has hit a tweezer bottom at 4251 and is climbing but there is a cap at 4269, let us see if it motors and breaks that, and if it does the next level would be 4280 ish so there isn't much in it for today. Don't forget it is a Friday and today is the 13th. Caution advised.

KInd Regards.

Many thanks for your reply, Soc. Why is there a cap at 4269 ?

Regards,

 

[roguetrader]

200 day sma at around 407 for the SOX actually 50 day sma also around there

 

[destiny]

the dow is really struggling... the nas was up like 20 point at open!! if the nas goes negative i think 10100 is in sight..

 

[JillyB]

From where are you long ?

10226 needed to break even. Hopefully will see this - if not today then early next week.

 

[SOCRATES]

FTSE base-building at the moment.. a break about 4870 and the longs are away...

Refer to my previous post number 3922. you see how the weakness has not been totally resolved and how the price has drifted down considerably. However it appears that the fall has been arrested (S.V.) so it can at least meander along the original course it was following.
4975 + however not expected....