Wt Indu Metals Discussion Threads

[r33skyline] 06/6/2006 22:06

free stock charts from ADVFN.COM


Just an observation from harrys chart,have we leveled off to form a flag or pennant ,there is sign of a small breakdown.

10250 on the cards ?

[mad4it] 06/6/2006 21:40

Yeah, he does. ;)

[bountyhunter] 06/6/2006 21:38

I think you mean 10750 Harry

[mad4it] 06/6/2006 21:18

Harry, I tend to agree (btw, I like your charts, I lurk a lot! ;)

I've been posting for a while that, sooner or later, I expect a thorough examination of the DOW 200 day and possibly even a break down through it, though I would expect any short term break of the 200 day to be regained fairly swiftly...at least initially. So I agree with your hypothosis. All things being equal I think it's the most likely scenario.

I recently copied a post of mine to the the 'historic DOW chart thread' that mostly summed up my feelings. As a chartist, I thought you might like the thread, so here ya go:

[harry_potter] 06/6/2006 21:06

Mad4IT, 200 day should be tested again soon. This is the main bull trendline, which currently stands at around 11750, expect this to be tested aswell.

[mad4it] 06/6/2006 20:44

jack - lol! Aye. But I'm just trying to think like 'the market', though, obviously, it's just speculation on my part.

[miata] 06/6/2006 20:44

And 11,000 again.

[edwood19] 06/6/2006 20:42

gap on the futures there but can't see one on cash

[jack tile] 06/6/2006 20:39

Your wad wants jam on it!

[mad4it] 06/6/2006 20:31

The market is determined (of course) to test the DOW 200 day ma, imho. Once tested, I expect a bounce, at least initially. Gonna whack my wad back in on the bounce....then get out and wait for the inevitable back test....then (probably) whack my wad in when it bounces again...but if it tests the 200 day for a third time...Oh lordy! That'll most likely be the test of the entire bull market, imho.

Regards

Omnipotent mad

[jack tile] 06/6/2006 20:25

Oh dear! 11000 gone, interesting uncharted teritory.

[mad4it] 06/6/2006 20:22

Rog - Indeed. But there are smarter ways to crack your whip. However, "I am not my brothers keeper" so you do as you will, you daft old rager! lol!

Do not go gentle into that good night.
Rage, rage against the dying of the light.

[tub of lard] 06/6/2006 10:51

mad, ca is my whipping boy.

[tub of lard] 06/6/2006 10:48

w2w, lets hope you keep a clean score sheet then shall we.

[jack tile] 06/6/2006 09:44

Monday 5th June. Volume high, 14% above the last 3 months average.

Volume output on the S&P 500 was on the heavy side, with 1,830 million shares changing hands during the session. This number exceeds the index's average daily volume output over the past 3 months by 14%.

[mad4it] 05/6/2006 23:37

Wot ho, mg.

Apparantly, Elliot Ness has finally got the skinny on all the members of congress who've been insider trading for the last ten years! Including the president and all his chiefs of staff!

Ooops! My mistake it would be a 2000 one day point fall, not 200 if that was ever exposed!...Err, which it wont be...EVER!

Cheese quarter pounder with fries, anyone ?!

Regards

Eat the rich and feeling cynical, mad...and done.

[wall2wall] 05/6/2006 23:34

tub of lard - YES! not had a losing trade since 10th May and don't expect to either (for 18months+ anyway).

91% down volume on NYSE today. 90%+ down days often come near market bottoms - and the Put/Call is still very high/overbought. So I'm happy flat for now.

[moregas] 05/6/2006 23:32

elo what caused the usa sell off ?

[mad4it] 05/6/2006 23:26

Evening, mg. I hope you are well.

Rog - No offence, but get a grip, son. Seriously! I shan't be talking to you (and I'm just about the only person who does) if you continue with this psychotic, thread trashing behaviour.....Rog, stop continually trashing all the decent traders threads because of your obsession with CA (and you know what I think of him, so keep that in mind)!

Seriously!

[moregas] 05/6/2006 23:24

Lee didnt get your message. It was there but i couldnt open it and today its gone!

[tub of lard] 05/6/2006 21:38

regards

collection aliases.

[tub of lard] 05/6/2006 21:37

Collection Agency - 28 May'06 - 02:33 - 613 of 753

I'm still long

11450/11500 easy money.

[tub of lard] 05/6/2006 21:37

lying, cut, edit & paste


for further details, see, ca the specialist

[tub of lard] 05/6/2006 21:36

Collection Agency - 28 May'06 - 02:33 - 613 of 753

I'm still long

11450/11500 easy money.