Where is the Dow & others heading in 2005?

[FetteredChinos]

a break of the bull flag offers us a potential 300 point move north..

10900 is the stumbling block to this though...

 

[leovirgo]

trend is still up...

i suspect a close above 10900.. perhaps right on the 10920 line just to cause further indecision overnight...

will it, wont it, etc..

FC

With this momentum, it is charging towards 10923. I am not sure that would be the close or the high for today.

 

[FetteredChinos]

1/4 profits taken at 10888 for +72

 

[FetteredChinos]

10880 tested once and held ok..

looks like its still going north for the immediate future...

 

[FetteredChinos]

added again at 10875 on bounce from support...

 

[Slapshot]

H&S appearing on the 1min chart......

 

[FetteredChinos]

still big trendlines at 860 and 850 to contain it though, should it fall..

 

[FetteredChinos]

we're gonna need a bigger chart..

there goes the bull flag..

11,200 before January anyone?

FC

 

[mark twain uk]

dc,

you still think it would go to 916?

dc,

I am sorry to have to say this, but there I go, again:

you're the daddy!

 

[FetteredChinos]

closed some at 10917...for +42

waiting for a pullback to add some more..still got main position from 816 running (stops at 10880 now)

today is going pretty damn well..

 

[FetteredChinos]

bought some of those back at 10913 bouncing of support again..

 

[leovirgo]

With this momentum, it is charging towards 10923. I am not sure that would be the close or the high for today.

Oh yes, it just snapped 10924.89.

 

[FetteredChinos]

nice call fella, but i have a feeling it will be challenging that once more... until we get a few lower highs, we are still going up...

fc

 

[mark twain uk]

I might be in a strong minority of one, but I went short at 10,916 and 1272 with some tight-ish stops. I fancy an old fashioned drop from here

 

[leovirgo]

nice call fella, but i have a feeling it will be challenging that once more... until we get a few lower highs, we are still going up...

fc

I'll be watching...for sure..

 

[FetteredChinos]

I might be in a strong minority of one, but I went short at 10,916 and 1272 with some tight-ish stops. I fancy an old fashioned drop from here

could work, but have you seen the support underneath the current move?

this is only my opinion though, please dont take it as a recommendation...

 

[mark twain uk]

there is plenty of support, of that there is little doubt, but I thought it's worth a flutter. If it drops a little bit more I will move the stop loss to B/E and then watch the world go by

 

[Slapshot]

Hmmmm, lunch times can be very slow going....I wonder what will be the bias will be after they've been fed & watered, failure to break out from 10920 could result in us being stuck in a 30 point range from 10890 -> 10920

 

[kriesau]

It's going to have to convincingly breach 10945 on the Cash if we are going to see an assault on 11000 either today or later this week !

Long from 10846 and just moved my stops up to break even.

 

[houdani]

for me, i cant see us heading above 10950 in the next couple of days and even if we do,not 11000.theres a bit more ranging to do first..and i do like a good range. small short at 10915 stop at 10950. 10820 would be just dandy