May well slide to about 10,200 and it seems consumer spending could also be waning in the US. If it closes below the 200 day MA I wonder if it could be worth shorting?
Full Version: Dow Under 200 Day Ma
Anyone got any opinions on where we're heading now?
May well slide to about 10,200 and it seems consumer spending could also be waning in the US. If it closes below the 200 day MA I wonder if it could be worth shorting?
May well slide to about 10,200 and it seems consumer spending could also be waning in the US. If it closes below the 200 day MA I wonder if it could be worth shorting?
A little late to short the Dow.
wait for the bounce, which is due now-ish into mid May.
INDU may be below the 200d., but SPX is still above it.
And today's Volume, though large, is somewhat less than that November
move UP, just after the election.
I covered some NDX shorts today, and await a resumption of the
Dollar bear market immanently
wait for the bounce, which is due now-ish into mid May.
INDU may be below the 200d., but SPX is still above it.
And today's Volume, though large, is somewhat less than that November
move UP, just after the election.
I covered some NDX shorts today, and await a resumption of the
Dollar bear market immanently
View: Dow Chart on Yahoo
Dow down over 100pts following yesterdays 100pt drop - NOT LOOKING GOOD !!!
From ADVFN:
I am now 100% cash and suspect this could be the start of a global change that WILL impact confidence and House Prices in the UK, Bubbles can be burst from either the inside or the outside.
Dow down over 100pts following yesterdays 100pt drop - NOT LOOKING GOOD !!!
From ADVFN:
QUOTE
I see worse to come. If you follow Dow Theory, both the DJIA and the Dow Transports have broken key support. Given the current general circumstances in US and some hints of softer coal and steel prices in Asia, USD etc etc we have a very volatile mix. Stephen Roach (morgan Stanley) probably called this correctly on 18 March.
I am now 100% cash and suspect this could be the start of a global change that WILL impact confidence and House Prices in the UK, Bubbles can be burst from either the inside or the outside.
Good night out, return to see DOW down 200pts, hate to say I told ya this is the start of a Key change in western economics, as Shwartzeniger said:
Its pay back time !!
Watch the FTSE collapse on Monday
Spin on that Blair.
Its pay back time !!
Watch the FTSE collapse on Monday
Spin on that Blair.
Morning. I was out last night and have just seen the mayhem. Bloody hell! Last time I saw that was the run up to the invasion of Iraq! I think even my defensive stocks are gonna get nailed on Monday.
QUOTE(Riser @ Apr 15 2005, 11:04 PM)
Watch the FTSE collapse on Monday
Spin on that Blair.
Spin on that Blair.
You sound very confident.. is this the beginning of the end?
Confidence comes before a fall whether its me on my face or the FTSE remains to be seen.
Last weeks falls on the DOW could be in part due to the end of the tax year in the States but I suspect it runs deeper than that. The FTSE is likely to gap down in the morning then wait for direction from the DOW when it opens after lunch GMT. 100pt falls on the DOW used to make the main news, but as you say not much mention anywhere, no doubt Prestcots bogus housing figures will make it prime time.
Last weeks falls on the DOW could be in part due to the end of the tax year in the States but I suspect it runs deeper than that. The FTSE is likely to gap down in the morning then wait for direction from the DOW when it opens after lunch GMT. 100pt falls on the DOW used to make the main news, but as you say not much mention anywhere, no doubt Prestcots bogus housing figures will make it prime time.
I hope you're right.
IG index account reloaded (again) and will be watching carefully @ 8am=
IG index account reloaded (again) and will be watching carefully @ 8am=
QUOTE(Riser @ Apr 16 2005, 11:07 PM)
Confidence comes before a fall whether its me on my face or the FTSE remains to be seen.
Last weeks falls on the DOW could be in part due to the end of the tax year in the States but I suspect it runs deeper than that. The FTSE is likely to gap down in the morning then wait for direction from the DOW when it opens after lunch GMT. 100pt falls on the DOW used to make the main news, but as you say not much mention anywhere, no doubt Prestcots bogus housing figures will make it prime time.
Last weeks falls on the DOW could be in part due to the end of the tax year in the States but I suspect it runs deeper than that. The FTSE is likely to gap down in the morning then wait for direction from the DOW when it opens after lunch GMT. 100pt falls on the DOW used to make the main news, but as you say not much mention anywhere, no doubt Prestcots bogus housing figures will make it prime time.
The sell-off may have been due to many things, but I don't see it being materially affected by tax issues, as the tax year in the US runs 1 Jan to 31 Dec. last friday was the FILING deadline for the previous year, not the end of tax year.
Maybe one of our American friends could comment (Dr Bubb?)
From ADVFN Traders Forum:
ADVFN Traders
ADVFN Traders
QUOTE
Zak Mir on Bloomberg saying he sees no spport and expects DOW to fall to 9700 in 2 weeks. If Zak's right that a 4% fall from Friday's close
Thanks for the tip riser, I earnt a couple of days wages on that before I left for work this morning
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