Recent content by lemput

  1. L

    Dow 2006

    slightly kamikaze.. but fancied going long before the numbers this afternoon. These PPI numbers get 'massaged' anyways.... long the cash at about 10755 p.s betfair is excellent- the 8.6 price- if you were to lay england, you would become the bookmaker and offering those odds(you win if england...
  2. L

    Dow 2006

    i am sticking my neck out but i reckon we may get a bit of short covering soon. I would not be surprised to see a rally up to the 11250 area. I would probably be selling up there but I do think we will see some firmness come into the european indexes soon. FTSE trading on 12 times now- it is...
  3. L

    Dow 2006

    would like to think this is a weak bounce trying to clear up those short with shallow pockets or people happy to take a couple of cheap hundred points out the market and lock in those profits. The continued divergence in the Nasdaq makes me think we will go further down here.
  4. L

    Dow 2006

    be interesting to see how we crack on into the last hour. selling looks dried up. For those bearish among us, you really need this to go out at the lows for the day. If it manages to cut these losses in half I would be very worried!!
  5. L

    Dow 2006

    I am happier, as I am sure other shorters are. It takes a little of the red ink out of the picture. One big bad day tomorrow and I'll be happy. I do think if we take the 11260 out then we could easily shoot back into the old range this week.... Feel as though the odds are ever so slighlty...
  6. L

    Dow 2006

    being short the dow is a little painful at the moment. For me a higher close tonight will mean I cut 1/2 out. I just do not like the look of this trudge higher. Although I am still holding out for a violent reaction later towards 10300 again. Went long nat gas as well , at these levels it is a...
  7. L

    Dow 2006

    I Think 'not yet' mate. We would not have had such a rally yesterday if Oil breaking new highs was crucial to the market at this point. Last year it was and there was massive short term correlation. Spike in crude, futures reverse etc. I thought 68-69 the market would be fine but any new high...
  8. L

    Dow 2006

    I have gone short. scaled between 180-240. I have not really thought about stops at this point as I do not like what is happening in resources and the housing starts were particularly weak. I do not see anything happening this evening but I do think we are getting more volatility coming our way...
  9. L

    Dow 2006

    short from 11,225. I agree with the early poster- a move down to 11160-80 will probably be bought. first day of month, caterpillar's strength- today is for the bulls. Although crude's push may impact- but we're used to these levels now. It will take another new high to shake a few people. I...
  10. L

    Dow 2006

    Short from 11155. Although I reckon a good entry there may be an upside blowout if we hurdle 1300. There will be better shorting areas then. Looking forward to the close....Last hour will be interesting.
  11. L

    Where is the Dow and Mothers heading in 2006?

    Well, we're all over this base at 11050. Has anyone got anything on volumes this afternoon... markets seem to be fretting a little over news flows today.
  12. L

    Dow 2006

    that support on the 11050 is getting annoying now.
  13. L

    Dow 2006

    have to say, that barring external factors a failure to break these levels today will probably give the bulls a nice platform. Still an hour to go, and the 8-9pm is normally the funnest time of the day so there is still hope for a break!
  14. L

    Dow 2006

    point taken Kriesau. Was not intending to hold my shorts that long!
  15. L

    Dow 2006

    if we break this 10050-60 area I think the fall to the big figure will be very swift.
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