Chariot Share Discussion Threads

[andonis] 22/2/2010 18:20

INDU 19-Feb-10 End of Day Data
Open High Low Close
10,387.77 10,459.18 10,316.50 10,402.35

INDU 19-Feb-10 Pivot Points, Fib Pivots and Camarilla
R3 10,611.53 Fib R3 10,533.93 Brk Out Long 10,480.82
R2 10,535.36 Fib R2 10,481.14 Short 10,441.59
R1 10,468.85 Fib R1 10,446.90 HL2 10,428.51
Pivot 10,392.68 Pivot 10,392.68 HL1 10,415.43
S1 10,326.17 Fib S1 10,338.46 LL1 10,389.27
S2 10,250.00 Fib S2 10,304.22 LL2 10,376.19
S3 10,183.49 Fib S3 10,251.42 Long 10,363.11
Brk Out Short 10,323.88

[axe79] 22/2/2010 15:22

Longs are getting flushed...down to 67%. (paddypower)

S1 Pivot at 10348, probably be my exit point.

[axe79] 22/2/2010 14:52

Watch out for a 3.00pm reversal!

[andonis] 22/2/2010 14:29

Great!!! they will get more from the longs than shorts.

[axe79] 22/2/2010 14:20

71% of punters are long on DOW

[andonis] 22/2/2010 14:02

haha..... I think this may not be tonight. 10500 maybe cooking. They want you and I and a few more shorters skinned.

[axe79] 22/2/2010 13:58

To bring the indexes crashing down!

[andonis] 22/2/2010 13:52

what is a rain dance?

[axe79] 22/2/2010 13:47

Time for the 'rain dance' yet Tony?

[axe79] 22/2/2010 13:36

No major announcements due, so its a quiet day, Euro is reported to be under continuing pressure, looking to see how the banking sector holds up as they might set the tone for the US market today.

The White House will unveil its latest healthcare reform proposals today ahead of a bipartisan summit that President Obama hopes will advance the stalled legislation, a senior administration official said.

The market will be hard pushed to break out of range much (Long) but reckon it will fight to stay above the 10400 levels. IMO

[andonis] 22/2/2010 13:12

Out of the last 11 FTSE trading days only one has been a down day. The other 10 have been positive.

[andonis] 22/2/2010 12:38

Hi Axe, what news do we have today to be released.

[axe79] 22/2/2010 12:31

Another short @ 10427!

God help me ;-)

[axe79] 22/2/2010 10:40

Well taken the plunge short from 10415, its trading in a tight range this morning so will try to scalp a few points.

[axe79] 22/2/2010 09:00

Morning, footsie opening whilst marked up due to overnight markets is proving weak to the upside so far.

Personally I track and trade the Dow futures, am waiting for it to settle down. The footsie is back filling at the moment to Fridays close, it could reverse and go up once that is done, laying on another bear trap.

We will see.

[andonis] 22/2/2010 07:03

10 DAY MAD COW CYCLE WAS OVER, THE NEXT WEEK IS CRITICAL

OK, the mad cow is back, but before opening a bottle of champagne, please take a quick look at the chart below. Three points:

1. Mad cow usually "mad" for 10 trading days. And our current mad cow so far has "mad-ed" for 10 trading days.
2. After the first 10 trading days, 20% chances the mad cow keeps mad, 20% chances the market consolidates and 60% chances the market pullbacks.
3. So far, the current mad cow is the weakest one.

So the conclusion is, a mad cow doesn't guarantee a big rise the next week. Bulls need show more muscles, therefore the next week is very critical

[andonis] 22/2/2010 06:50

Yea we are set for a positive day. Whatever it will actually happen today we are at the top or very near the top. Going long is more risky.

[navyan] 22/2/2010 01:14

This is interesting:

Dow Jones inflation adjusted chart:



and it is a good site too.

[navyan] 22/2/2010 00:31

kash18, trend is your friend. If your question is whether both index are still in the uptrend started from the last March, I'd say YES. There is no CLEAR signal from the chart that the trend has definiately changed. yet.

But having said that, the index can be manipulated, even the stock market can be manipulated, From a real economy point of view, both index shouldn't be as high as this in the first place. so what we can do is just following the trend until the trend is changed.

[wookie77] 21/2/2010 22:38

chaps what do you think of Shanta gold chart. Reminds my of Aminex before recent breakout.

[kash18] 21/2/2010 21:05

Andonis/ NAVYAN

Thanks for posting the charts, but for the newbies following , could you please just add commentary as to whether you are blish or bearish on FT AND DJI, are they liky to fall first before move up.What kind of correction are we looking at before the next move up, if any.

[navyan] 21/2/2010 20:36

so Ando, FTSE bullish or not bullish?

[andonis] 21/2/2010 20:01

free stock charts from www.advfn.com