DJIA

[YOUNG_TRADER]

Last: 11,543.32 Change: +45.23 +0.39% Volume: 214,190,218

 

[swingstar]

I'm quite bearish short-term. Dow futures are down 30 points ATM, and we're very close to all-time highs. My favourite indicator, RSI divergence, is showing strong bearish divergence. I think last week's gains will be taken out at least by the end of this week.

 

[swingstar]

Still looking weak IMO, but I don't think it'll erase last week's gains within two days now. After yesterday's crap, I think we'll see down days finishing out the week. Whether it's a trough or reversal is anyone's guess. I'll be leaning towards the latter if 11,500 is broken.

 

[wayneL]

Still looking weak IMO, but I don't think it'll erase last week's gains within two days now. After yesterday's crap, I think we'll see down days finishing out the week. Whether it's a trough or reversal is anyone's guess. I'll be leaning towards the latter if 11,500 is broken.

The only thing that has me worried (as a bear) is that the US punter is in Goldilocks mode, thanks to the incessant BS on Bubblevision.

.....but didn't the bears eventually eat goldilocks?

 

[wayneL]

.....but didn't the bears eventually eat goldilocks?

No

Just then, Goldilocks woke up and saw the three bears. She screamed, "Help!" And she jumped up and ran out of the room. Goldilocks ran down the stairs, opened the door, and ran away into the forest. And she never returned to the home of the three bears.

Still an acceptable result though

 

[swingstar]

LOL, she never returned because the bears caught up with her.

 

[wayneL]

LOL, she never returned because the bears caught up with her.

Eeeewwwww!

ROTFLMAO!

 

[YOUNG_TRADER]

Hi guys,

Does anyone know of a live system for following UK mkts?

I am able to follow and check Dow through http://www.marketwatch.com/tools/quotes/quotes.asp?symb=$INDU&siteid=mktw

I think it was Wayne who gave me this link, thanks

But does anyone have a link for following UK Mkts? Wayne? Swingstar?


p.s. what the hell is that bear eating?

 

[nizar]

www.londonstockexchange.com

 

[wayneL]

Hi guys,

Does anyone know of a live system for following UK mkts?

I am able to follow and check Dow through http://www.marketwatch.com/tools/quotes/quotes.asp?symb=$INDU&siteid=mktw

I think it was Wayne who gave me this link, thanks

But does anyone have a link for following UK Mkts? Wayne? Swingstar?


p.s. what the hell is that bear eating?

Try this http://finance.yahoo.com/intlindices?e=europe

You can get UK stock quotes via Yahoo as well Just type in the code followed by .L

eg VOD.L

What else would a bear eat? (apart from Goldilocks) Prime USDA Grade A Bull

 

[swingstar]

Yeah, I use Yahoo for OS markets that I don't get data for, as well as:

http://money.cnn.com/data/markets/index.html (premarket stuff) and
http://www.google.com/finance (only US, but lighter alternative to the others)

 

[YOUNG_TRADER]

Thanks guys

 

[YOUNG_TRADER]

US Dow new high!




Open: 11,670

High: 11,713

Low: 11,661

52wk High: 5/10/2006 11,709

52wk Low: 10/13/2005 10,098

Avg Volume: 228.25M

 

[nizar]

New high for the year 2006 yes
All-time high close was 11,722 in jan2000

We will probably break it this friday (in the US), end of quarter, funds will put some "window dressing"

 

[nizar]

"A lot of people missed out on the recent rally, which is leading to a sort of emotional stampede which has nothing to do with fundamentals," according to Michael Metz, chief investment strategist at Oppenheimer & Co.

Metz said the Dow Industrials are set to break through the 12,000 mark, barring any major bad news.

Thats quoted from MarketWatch TODAY
http://www.marketwatch.com/news/story/Story.aspx?guid={5FC4F24D-D4C9-4E98-83D8-BC4E145253A2}&siteid=

Wouldve been a great call if he had said this when the DOW was around 10,800 or even 11,000.

But the DOW is NINETEEN POINTS short of 12,000.

Gotta love "analysts" LOL

 

[wayneL]

Yep

Goldilocks is buying with her ears back

Now, about those fundamentals.........

 

[vishaldon]

US stock gains thanks IBM

United States stock index gained today in the early hours of the trading as stock index futures gained on speculation report that consumer prices fell when compared to last month, this is an indication that inflation is under control. International Business Machines Corp. climbed in Germany as profit at the world's biggest computer-services company beat analysts' estimates. Intel Corp., the world's largest computer- chip maker, gained after profit topped some estimates.
Motorola Inc. fell after the mobile-phone maker's sales missed estimates

 

[nizar]

Does any1 here know the weightings for the DOW components ?
I dont think its equal between the 30 (32?) companies....

Thanks

 

[wayneL]

Does any1 here know the weightings for the DOW components ?
I dont think its equal between the 30 (32?) companies....

Thanks

http://www.djindexes.com/mdsidx/index.cfm?event=showComponentWeights&rptsymbol=DJI&sitemapid=20

 

[nizar]

http://www.djindexes.com/mdsidx/index.cfm?event=showComponentWeights&rptsymbol=DJI&sitemapid=20

thanks