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Dow

neverthe less, my stand is that DOW and STI will correct before it move to a new height of  12700+ in fact, if dow dun correct this week or so. it may proceed with a super extension to 12700 region. current DJ is just abv the 15days SMA. unless it breaks that, than it is not even a correction.

Correction is what i wanted. LOLz (i know i sound evil)

 

agree. else i cash out for what. lolz.. correct so i can buy more lots. lolz. learn from the may correction. also, even if DOW dun dip, STI will correct.

 

i think the market is struggling here. it can either go down, or shoot up. Oil is going down, so it will shoot up! And on the way up, we get bad consensus news from the interest rate, then when DOW at 14000, STI 2800+, all of a sudden, we are in a sea of red. Ok , then the correction has started. So u see, both arguments are right. Probably up , then down.

Hope the great correction comes too, cashiertan senior ;-)

 

the Dow may go for a new high from this recent dip before the actual big dip occured just in nov 05 and may 06 correction. It happens again and again till i cant believe.

 

US market GREEN again now .... Tink it will be a Flat closing tonite.

 

I'm more towards the belief that the market uptrend is yet to be done, Cashiertan .... Let's be patience and see what happens in November to see if I'm right or wrong. :P

 

what so special and surprising with the dip? the bear is at the door... correction is here my friends.

 

WASHINGTON (MarketWatch) -- Business activity grew at a slower pace in October, but expanded in the Chicago region for the 42nd straight month in October, according to the Chicago purchasing managers index released Tuesday.

The Chicago PMI fell to 54.1% from 62.1% in September, the lowest since August 2005. Readings over 50% indicate growth in the region.

Economists were expecting the index to fall to 58.7%.

The employment index rose to 57% from 50.8%.

The prices paid index fell to 62.5% from 69.8%.

The new orders index fell to 54.1% from 67.3%.

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WASHINGTON (MarketWatch) -- U.S. consumer confidence dipped unexpectedly in October on growing pessimism about the job market and the economy, the Conference Board said Tuesday.

The private research group said its consumer confidence index fell to 105.4 in October from a revised 105.9 in September.

Economists were expecting an increase to about 107.9 from the previously reported 104.5.

The index suggests "a moderate pace of economic growth and more of the same for the first few months of 2007, said Lynn Franco, head of the research group's consumer research center.

"October's dip in confidence was prompted by consumers' mixed assessment of present-day business conditions and a less favorable view of the job market," she said.

The percentage of consumers saying jobs are plentiful declined to 25.8% from 26.2%, while the share saying jobs are hard to get rose to 22% from 20.9%.

In a separate report, the Labor Department said employment costs rose 1% in the third quarter, the most in a year and a half. Compensation costs were rising faster than inflation for the first time in two years. See full story.

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Dow closed flat down 3 points, while Nasdaq recovered up 13 points (+0.6%) ... Oil future dropped to USD 58.00 last nite! Rock & roll time for tech in STI today!

 

see how it hit the 200min sma at 12104 and bounce down again. it is a fake break abv the bollinger band before heading down again sharply?

hope everthing turnsout fine tonites..

 

now boucing between 200mins (Resistance) sma and 50mins (support) sma. signs dun look good currently. coz 200mins is a bigger resistance than 50 days as support.

 

Dow hit the 20days SMA and bounce back. now will test again soon. however it is cap by the 200min sma. with 200min sma pointing to 12080 at the end of the session. MACD heading towards -ve region.

 

Now down 3 points again, Dow seems weak, unable to gather strength for a strong rebound. Everytime, Dow try to breakout, there seems to be few buyers coming in to support. 

 

Looking at the Dow's last 5 trading sessions, yesterday and today's range of the index still lie within the normal limits and has not broken through any support level, thus it appears that there should not be cause for any panic even if the Dow still falls further today.

 

Looking at the Dow's last 5 trading sessions, yesterday and today's range of the index still lie within the normal limits and has not broken through any support level, thus it appears that there should not be cause for any panic even if the Dow still falls further today.

 

Now rebounding and a few more points to reach yesterday's close...
Hope the session closing is positive.

 

Now rebounding and a few more points to reach yesterday's close...
Hope the session closing is positive.

 

NEW YORK (MarketWatch) ---U.S. stocks fell Monday, with nervousness about the economy's condition highlighted by a forecast from retail behemoth Wal-Mart Stores Inc. that it expects the weakest sales growth in six years in October.

The tepid forecast follows a below-forecast third-quarter gross-domestic-product report on Friday, which also cast doubt on whether the recent stock-market surge is out of line with the health of the economy.

The Dow Jones Industrial Average fell 10 points to 12,079.

The Nasdaq Composite Index was off 3 points at 2,348 while the S&P 500 Index dropped 1 point to 1,376.

On Friday stocks closed lower on the day, but higher on the week, after the weaker-than-expected third-quarter economic growth report caused investors to break from a recent rally. The technology sector was hard hit by a Goldman Sachs note saying demand for computer motherboards "is falling off a cliff."

Prior to Friday, the Dow Jones industrials had been on a tear, setting multiple intraday and closing highs in October.

"It looks like we will see a bit of follow-through from Friday's losses," said Art Hogan, chief market strategist at Jefferies & Co. "Overall, the gains have been so strong that once the profit-taking starts, it is likely to be a two-day affair."

The concerns about the economy were soothed slightly by news that core consumer-price inflation retreated slightly more than forecast in September. See full story.

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Now Dow is positive 2 points