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

Big Ted is the man to thank for the Signalwatch link. Not always right as a prediction tool but very useful as a chartist view to add in to the mix.

I had thanked Big Ted when he first mentioned it, then forgot to check it until I saw your thread. Must be old age.

as i have often said, charts are not the Holy Grail, but there are so many followers of them that they have a habit of being self-fulfilling

agree with that, I still like to use fundamentals, then use charts after to confirm entrance/exit prices etc. there seems many traders concentrating on this triangle on dow at moment.

No sooner I post my last post I read an article on US oil inventories which appear high as suggestive by a slight decline in price. Inventory report in US due today

http://www.bloomberg.com/apps/news?pid=20601091&sid=aOzKvXX1yYW8&refer=india

Above link suggests very good inventories so a fall in oil prices should also see a fall in gold prices if you trust the historic ratio... Interesting because maybe we're on the verge of a turning point into the spring/summer.....

Cynic, theres always money to be made trading against tight lines and time frames... AL. and the banking sector I should have wrote should be left alone for either those who can afford a few losses or seasoned traders. Not a sector for those wishing to practice or new to the game... No offense anyone...

AL. was always going to be a dangerous trade this morning, as my own broker commented ... however, in this instance i got it right, though it was a calculated risk and i was able to watch pretty much constantly

good to see that, as predicted, 12235/12250 proved to be the point from which Dow should and did rally ..... now to see what happens next (currently 12310)

Higher inflation than expected, oh dear, that tunnel has just got a bit longer...

Gold and oil also flying re inflation data,

Good call Cynic...!!

Stops have killed me in the last two weeks, its a masterpiece knowing when/where to place them, got stopped out of gold today at a loss, when would now be in a four digit gain... *wipes away tear*

so was AL. (preen preen!)

Yeh, all 8000 of the blighters...)

Credit where due Cynic, well done on AL. too..

Cynic, when the DOW jumped so did GBP/JPY, have a look at the charts.... Coincidence??

Already noticed, although didn't consider them linked...

http://www.advfn.com/p.php?pid=qkquote&btn=s_ok&symbol=FX%3AgbpJPY

any move of GBP/JPY must surely be toytally coincidental .... must remember to look more closely at shorting this tomorrow,

o'night, F/E must assuredly be (very) strong ... therefore expect FTSE to open strongr than 5935 (where it is now) and Dow indicator stronger than 12420 (where it is now) ... have backed both with cash! ... actually was long Dow since earlier this afternoon and have left open ... just bought FTSE

should be a very nice day tomorrow .all round it been a long day so bid you all ...and hope tomorrow will be better then yestarday but not as good as the day after.........;-)).

US oil inventory today according to Bloomberg though not sure when. Obviously quite a bit of comment on 100+ oil. Now gone up 15 dollars in 2 weeks and just over key resistance levels. They seemed to think that the OPEC will open the floodgates at these prices if of course they have as much oil as they say they have!

I have GBP/JPY at top of consolidating triangle at 21220ish, pound has gained some strength today, also looking at same against dollar, approaching top of triangle at 19600ish, cant imagine it breaking out upwards, so will watch to see if my prediction of a reversal latertoday comes true... may even back with cash...