cynic
- 20 Oct 2007 12:12
rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.
for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ
for ease of reading, i have attached 1 year and 3 month charts in each instance
cynic
- 13 Nov 2007 15:25
- 112 of 21973
holding
HARRYCAT
- 13 Nov 2007 15:27
- 113 of 21973
Good call. Now up 125 points.
cynic
- 13 Nov 2007 16:23
- 114 of 21973
and still holding - now +150 ...... hoping for another 100 points, though doubt if we shall see that tonight ...... will contemplate on whether to cut later in the evening
Falcothou
- 13 Nov 2007 19:21
- 115 of 21973
Be interesting what it does in the last hour
cynic
- 13 Nov 2007 20:03
- 116 of 21973
currently 13244 = +260 .... from memory, 13255 is a potential resistance so have put in trailing stop at 13195 ..... anyway, unless even if that gets stopped out, provided Dow does not fall away completely, strong opening on FTSE assuredly assured ..... on that basis, i also opened a FTSE long earlier at 6362
cynic
- 13 Nov 2007 21:14
- 117 of 21973
so much for that resistance! ..... Dow finished at about 13300 and have raised trailing stop to 12965 .... if it gets stopped out during the night, then so be it, but certainly a lot happier than i was 24 hours ago!
HARRYCAT
- 13 Nov 2007 21:53
- 118 of 21973
Happier!!!? Understatement methinks! You must be booking your next holiday on that result! :o)
neil777
- 14 Nov 2007 08:25
- 119 of 21973
Good call cynic!
cynic
- 14 Nov 2007 08:31
- 120 of 21973
thanks guys! ...... perhaps that prize ass scottinvestor should take note occasionally! ..... just for info ..... Dow long still open but trailing stop now raised to 13275; FTSE long doubled early this morning at 6427.5 ..... shall be monitoring both very closely as it is far from impossible that either market could boil over and i have no intention of allowing those profits to fritter away
Falcothou
- 14 Nov 2007 08:59
- 121 of 21973
HSBC meant to be updating today which could have an impact if monstrous
HARRYCAT
- 14 Nov 2007 10:49
- 122 of 21973
DOW futures only +19 at present.
Might see some profit taking this p.m., imo.
cynic
- 14 Nov 2007 10:54
- 123 of 21973
if so, my stop will cut in, but that's fine by me
cynic
- 14 Nov 2007 12:07
- 124 of 21973
Dow now closed, and also half of FTSE
HARRYCAT
- 14 Nov 2007 12:13
- 125 of 21973
Yes, I thought you might. Am not confident that this afternoon is going to be as good as the last 24 hours, so also sold stock I bought yesterday.
cynic
- 14 Nov 2007 12:33
- 126 of 21973
always hard to know after such a surge ..... actually bought into BRR this morning and bought back HAWK
HARRYCAT
- 14 Nov 2007 12:38
- 127 of 21973
DOW now -40 !!! Awaiting inflation report from the U.S.
cynic
- 14 Nov 2007 13:42
- 128 of 21973
back in long Dow at 13349 ...... care not that previous position was closed out at 13275 as Dow could have gone anywhere after the figures just announced .... as it is, they are in line with expectations at worst, so (today's) market looks promising again
HARRYCAT
- 14 Nov 2007 14:16
- 129 of 21973
Amazing turnaround on the FTSE, but DOW still -3.
Happy with my profit today & will just watch now until tomorrow.
cynic
- 14 Nov 2007 14:20
- 130 of 21973
havin g taken my large profit in Dow and reasonable one in 1/2 FTSE this morning, my new positions are both adequately in the money .....
harry ..... watch carefully as Wall Street opens in a few minutes to see the reaction ..... not really predictable, but you may want to reopen
spitfire43
- 15 Nov 2007 16:23
- 131 of 21973
Just closed my first trade on FTSE, went long at 6350 and made a modest 20 point gain. Unfortunately I was transfixed to the screen and didn't get back to tiling my bathroom, may have to treat the other half to a slap meal somewhere.
Next time will walk away with my stops and limits in place, not a healthy occupation watching the screen for to long.