Dow Jones technical analysis

Kauri · 19 January 2008

Re: DOW Analysis

wayneL said:
Turning into a nice trade m8

Breaking yesterdays LOD now. (SP is anyway)

I wonder if this has anything to do wid it??
rumors of a large multi-billion write-down by a French bank
Cheers
.........Kauri

Kauri · 19 January 2008

Re: DOW Analysis

over and out... that should keep the wolves (or bears ) from the door for another week.
Cheers
.........Kauri

Kauri · 19 January 2008

Re: DOW Analysis

options + futures expiries... long weekend short-covering... = volatility...

Bush speaks and only gives $100 Bln, and the market shows it enthusiam

Cheers
.........Kauri

dhukka · 19 January 2008

Re: DOW Analysis

Have the PPT got their screens upside down?

Kauri · 19 January 2008

Re: DOW Analysis

dhukka said:
Have the PPT got their screens upside down?

They all thought Bush was handing out 150Bln and reckoned it was safe to take a sickie and make it a 4 day long weekend. They have managed to round them up and they're back on the job now...
Apparently the PKO were on the job on the Nikkei today as well..
Cheers
..........Kauri

Kauri · 19 January 2008

Re: DOW Analysis

vindicator says down again.. but i"ll give this one a miss.. bedtime... :goodnight
Cheers
..........Kauri

noirua · 23 January 2008

Re: DOW Analysis

DOW 30 futures point to a start 525.00 points down at 11,581.00

"Wall Street set to plunge": http://money.cnn.com/2008/01/22/markets/stockswatch/index.htm

Gundini · 24 January 2008

Re: DOW Analysis

This market is struggling to hold the 12000 mark. Surely it goes to 11000 from here....

Not tonight, but in the next few weeks...fortnights...

Anyone disagree?

wayneL · 24 January 2008

Re: DOW Analysis

Gundini said:
This market is struggling to hold the 12000 mark. Surely it goes to 11000 from here....

Not tonight, but in the next few weeks...fortnights...

Anyone disagree?

I suspect the PPT is now active in this market. Now it gets interesting, and a bit dicey to trade. Unmanipulated, the Dow has 7000 written all over it, but what actually happens is another matter.

I would love to be a fly on the wall in the GS dealing room (the putative broker for the PPT).

Gundini · 24 January 2008

Re: DOW Analysis

wayneL said:
I suspect the PPT is now active in this market. Now it gets interesting, and a bit dicey to trade. Unmanipulated, the Dow has 7000 written all over it, but what actually happens is another matter.

I would love to be a fly on the wall in the GS dealing room (the putative broker for the PPT).

Ok, now I see... 7000 baffled me at first, but I understand what troubles lie ahead....

Kimosabi · 24 January 2008

Re: DOW Analysis

wayneL said:
I suspect the PPT is now active in this market. Now it gets interesting, and a bit dicey to trade. Unmanipulated, the Dow has 7000 written all over it, but what actually happens is another matter.

I would love to be a fly on the wall in the GS dealing room (the putative broker for the PPT).

Which when adjusted for inflation is really about 3500.

The Dow really sucks when you see the Dow vs Gold charts...

Gundini · 24 January 2008

Re: DOW Analysis

Will you call a Bear market WayneL ?

In the DOW that is, and if you do, what timeframe would you estimate?

Don't mean to be nosey, but respect your thoughts...

wayneL · 24 January 2008

Re: DOW Analysis

Gundini said:
Ok, now I see... 7000 baffled me at first, but I understand what troubles lie ahead....

Not so much a technical view, just fair recessionary value with risk premium properly priced in.

wayneL · 24 January 2008

Re: DOW Analysis

Gundini said:
Will you call a Bear market WayneL ?

In the DOW that is, and if you do, what timeframe would you estimate?

Don't mean to be nosey, but respect your thoughts...

Sorry didn't see this post before.

I'm calling a bear market in the real economy in the US and UK, but not yet in Oz.

As far as the stock market is concerned, I'll wait to see a lower high befoer calling it. I know we have a lower high already, but I want to see one on a larger degree. I will go as far as to say that the bear has given this bull a whopping so far... there's blood pouring from his nose, eyes closed and he's staggering like a drunk, but knock out punch not yet delivered.

And the bull has powerful friends while the bear is on his own.

Still, I would be bloody surprised not to see the bull unconscious on the deck sometime soon.

Kauri · 24 January 2008

Re: DOW Analysis

wayneL said:
I suspect the PPT is now active in this market. Now it gets interesting, and a bit dicey to trade. Unmanipulated, the Dow has 7000 written all over it, but what actually happens is another matter.

I would love to be a fly on the wall in the GS dealing room (the putative broker for the PPT).

It's possible that NY regulators have scheduled a meeting between banks and bond insurers to help keep the latter solvent and thus avoid further financial fallout for the both groups. Of course banks have their own minor problems to negotiate... Perhaps the regulators should have called up some sovereign wealth funds instead.
Also..very large switching was seen out of bonds and into stocks... helped by Bear Stearns earlier putting large cap Bank stocks to overweight..
Cheers
..........Kauri

TheAbyss · 24 January 2008

Re: DOW Analysis

wayneL said:
I suspect the PPT is now active in this market. Now it gets interesting, and a bit dicey to trade. Unmanipulated, the Dow has 7000 written all over it, but what actually happens is another matter.

I would love to be a fly on the wall in the GS dealing room (the putative broker for the PPT).

Wow. Great call Wayne. I expected to be greeted with a + 400 pt fall in the dow last night.

Salvation, for now at least. The US banks are all up double digits from their lows this morning in the US

1. Banks, New York Regulator Meet on Bond Insurer Rescue
2. Dow bounced off 12070 3 times last night 3rd time was a sprinboard worth > 500 pts due to the bond rescue

Were the volumes (2.7 bunits) enough to to stave off greater falls in the short term in your view Wayne?

Need to see at least another 600 - 800 pts lift yet to be in a safer place however it is a great revival from the -300 points earlier. Short covering was joined by buying today in the US so have we seen a bottom? The bonds have reversed also.

Where to from here?

Sean K · 24 January 2008

Re: DOW Analysis

Did this really turn around about 400 points today?

PPT's doing a good job then......

TheAbyss · 24 January 2008

Re: DOW Analysis

Watching CNBC atm and they are telling it with delight. JP Morgan 14% swing today, Bank of Am 9% Freddie Mac + 14% list goes on.

TheAbyss · 24 January 2008

Re: DOW Analysis

kennas said:
Did this really turn around about 400 points today?

PPT's doing a good job then......

632 pt swing at close. Dow up 294. $15 B bailout to the bond insurers.

I can see the headlines in 48 hours from now, "15 billion not enough, dow plunges on recession fears. Rally over?"

korrupt_1 · 24 January 2008

Re: DOW Analysis

Crazy night!!:taz:

From our close last night

rallied 150pts
tanked 400pts
rallied 650pts!!!!!!!!

Still don't believe my eyes!:bs:

Dow Jones technical analysis

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