DOW

Not finding anything particularly easy to read at the moment, so treat the following post as me thinking aloud! The 2 Indices I trade most are DOW and FTSE, so I'll start with my thoughts on those. First of all to make clear, I have no idea where they are going, struggling a bit to be honest, so the following is based on my system.

I have a bit of a Dilemma. Entered a DOW long today at 12,870 which is currently showing +105 pts. Based on today's price action and the fact we are entering December you have to consider that the base is now in for the Santa rally. At the same time however, we have this stat I posted on the ADVFN forum last night which suggests switching short tonight:

Due to other commitments outside of trading my attention has been predominantly elsewhere though I have tried to follow Market movements where possible. Firstly, a brief outlook of Stock Markets based specifically around the DOW which may look like it's going to plunge, but I'm not sure about pre-empting that move for the following reasons:

Still trying to work out where Indices are heading next so here's a couple of charts from today showing levels I'm keeping an eye on in the short term. Excuse the mess on the chart, this is my "working" chart so it's constantly evolving with key levels that I'm watching at any particular time. First of all starting at the top of the Hourly chart,

Ok, so updates have been so few and far between that I'm searching for anything that I can talk about! The quality of trading set-ups has been pretty poor, and those that look good technically have had major fundamental overhangs that  put me off the trade. For example, I'd been lining up a