US - Market Direction 01 (May 08 - Jul 08)

[blid2def]

Actually, you want market to rally isit? You know what happens when I go to sleep early... So tonight I'll stay wide awake!

[kennynah]

at the count of 3, your eyelids will be heavy as lead.....

1.......2................

[blid2def]

Heehehee... won't sleep lah. Trying to stay up to watch Villarreal vs Liverpool pre-season game tonight. Very rarely get the chance to watch the Reserve team players, so wanna' see how they're like. Some of them are highly-rated, so wanna' see for myself what the fuss is about.

[blid2def]

And bloody hell, this thread is 69 pages long liao!

[kennynah]

Heehehee... won't sleep lah. Trying to stay up to watch Villareal vs Liverpool pre-season game tonight. Very rarely get the chance to watch the Reserve team players, so wanna' see how they're like. Some of them are highly-rated, so wanna' see for myself what the fuss is about.

ya....with this kinda of post....reach 100 by this weekend, oso i wont be surprised...hahahaha....joke lah...

last time, i said dont TC in this serious threads, but u say, no fun how can...right? hahaha...

[kennynah]

the ying + yang combination....seems to be working here.....



this is despite Crude having adding some $4.5 at ~$126.50

[purplecloud]

31 Jul 2008 06:33 CST DJ MARKET TALK: Summary Of U.S. Stocks

2233 GMT [Dow Jones] WALL STREET: Stocks rallied as traders piled back into oil, commodities as oil prices halted recent slide. Chevron +5.3%, Devon Energy +4.8%. Banks, lenders boosted after ADP national employment report showed unexpected increase in jobs. Bank of America +4.3%.

But traders were cautions on financial sector, saying it's likely to be volatile for a while. "I think people are still happy to miss some of these moves to the upside before they back up the truck on some of these financials," said Steve Berte, head U.S. equity trader at Standard Life Investments in Boston; "I think there's still some uncertainty out there." ArcelorMittal +8.9% after world's largest steelmaker said its profit more than doubled.

Starbucks fell 2.1%, extended decline post-market close after coffee-shop chain posted a 3Q loss, pared back store-opening plan. Dow +1.7%, Nasdaq +0.4%, Philly semicons +3.2. (SHN)

[rooster]

I believe Follow Through day happens last night as all 3 indexes powered up to a confirm rally. Singapore should follow suit today. While this is so, we are still below the 50 day MA. Maybe it is time to nibble slowly

[Chiron]

Trading volume for last two days in US:

NYSE - below average
NASDAQ - above average

Any interpretation based on the info above?

thanxs

[iam802]

Dow Theory emphasize on volume before price (in this case the index).

To have a confirmation, we need 2 'Averages'. (<< this is the old guidelines ).

The newer guidelines could be, confirmation based on 3 indexes.

Hope this helps