Dow 2008

[firewalker99]

As planned, out here at 12175 for +65.

And out with other half at 12200 for another 90.
That's me done for today

 

[dc2000]

And out with other half at 12100 for another 90.
That's me done for today

well done FW
I think you mean 12200 fat fingers an all that

 

[firewalker99]

well done FW
I think you mean 12200 fat fingers an all that

Thank you. And yes, in all the hurry to post it I made a typo.

Over to you for the shorts now

 

[dc2000]

Question for anyone........
15 min stochastics say early dip could be a buy
Daily stochs say slide into next week

If we bounce after an early dip where might we peter out ?? Other than 12250...

Easy one eh..!!

Easy peasey, both are right, I have 061 249 futures prices

 

[Hook Shot]

Merci

Easy peasey, both are right, I have 061 249 futures prices

Thanks Dc

 

[Hook Shot]

Question for anyone........
15 min stochastics say early dip could be a buy
Daily stochs say slide into next week

If we bounce after an early dip where might we peter out ?? Other than 12250...

Easy one eh..!!

I'm not one for indicators really but stocktiger.com has got me into this stochastic lark

 

[Phil Mibbutz]

I'm not one for indicators really but stocktiger.com has got me into this stochastic lark

Stochastics definitely work about 50% of the time. Anyone here use Donchian channels, and if so, how?

 

[firewalker99]

Stochastics definitely work about 50% of the time.

I don't know if there was any pun intended with that comment, but I think I can come up with just about anything that works "50% of the time"

 

[Phil Mibbutz]

I don't know if there was any pun intended with that comment, but I think I can come up with just about anything that works "50% of the time"

Yes, that was my point, FW :cheesy: but I am interested in these Donchian channels.

 

[firewalker99]

Yes, that was my point, FW :cheesy: but I am interested in these Donchian channels.

Try these:

Donchian's Trading Guides
Micael Covel
Trend Following,May 26, 2005
Richard Donchian Article at Michael Covel's Blog

Richard Donchian
Ed Seykota's Trading Tribe
1934/2003
http://www.seykota.com/tribe/Resources/Donchian/index.htm

Richard Donchian - Market Master
N.A. & C.J. Costa, Market Masters
2003
Market Masters: Richard Donchian - Market Master

 

[firewalker99]

Anyway, a 1000 off Friday's highs are still possible, but new lows by the end of this week? That's a pretty bold call and I'm thinking a rise on the open today.

The odds are even smaller now for a sub-12000 number this week...

 

[firewalker99]

12375 by the close...

 

[firewalker99]

12375 by the close...

nope, too much volume...
oh well 12338 is close enough

 

[dc2000]

looks like I will be holding till late tomorrow its got 492 points to go and shouldnt gap down enough from here it would have to open at least 158 points down at 7am for me to take note

 

[Atilla]

looks like I will be holding till late tomorrow its got 492 points to go and shouldnt gap down enough from here it would have to open at least 158 points down at 7am for me to take note

What a week! Hope you all got some. Looks like 12800 got total rejection.

Listening to the Doors

'Light my fire'

I felt a tremendous feeling of boom all over me. :clap:

I'm long... Leaving pos overnight so let's hope Asian markets don't tank. SL@12190...

 

[Hook Shot]

Random

Glaxo the mega pharma company is now within 5% of the old bear market lows of circa £10 and now yields 5% ........ not sure glaxo will go bust or that sickness will be eradicated......anytime soon :cheesy:

Give it time....

Ps - BT is also sick but not nearly as depressed as I would like it to be ... still yields 5%.

 

[senyorqueso]

A little run to 12400 and a drop to close at new lows for the week would be good to see today.

 

[purplekiwi]

A little run to 12400 and a drop to close at new lows for the week would be good to see today.

I agree, Though would like us to see 12450-12500 before we head down to Januarys lows again.

DC - good call yesterday re the bounces, does your current plan allow for a bounce today before completing the 1000 point drop? Always good to hear you views!

 

[Hook Shot]

A bit of reading before the live sesh....

Fed Speaker - Janet Yellen was extremely candid last night but only the "avoid recession" comments were widely reported. S'pose the rest might frighten the horses

Speech is on left hand side half way down approx.... under President's Speeches - Prospects for Eco 2008

Enjoy........
The Federal Reserve Bank of San Francisco: Economic Research, Educational Resources, Community Development, Consumer and Banking Information

 

[dc2000]

I agree, Though would like us to see 12450-12500 before we head down to Januarys lows again.

DC - good call yesterday re the bounces, does your current plan allow for a bounce today before completing the 1000 point drop? Always good to hear you views!

current plan no bounces well not much the top should be in from 8:25 this morning and has exactly 12 hours to get down 500 ish points