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

Hilary - lol!! I'd forgotten I used to enjoy playing with those!

Chicago PMI 52.4 consensus 56.5 previous 56.8

I feel the DOW is determined to reach new heights today, come what may...

Just seen on MarketWatch.com that the S&P 500 index has "surpassed its all-time closing high"

that is true ...... it's still probably a short (i'm not), but 1600 will be the really critical level

Triple top?

Indeed a triple top Skinny. I'm not actually trading the S&P but I know it's been a big target for the US this month.

I've just gone short DOW at 14560 - having fallen into temptation (I'd already set a short earlier at a lower level but just couldn't resist this).

Damn - it's racing away already! And I'd edited my earlier target of 14580! That'll teach me...

ah, but will that herald a reversal or another stonking upward surge?

Time will tell :) But it could just be a reaction to the S&P topping

2 hRS DOW

Thanks Shortie

I remember posting this chart in Jul 2011.

An interesting and timely reminder Skinny!

Post 6015 & 6011 if you are interested! :-)

That's going back into the history books! Thanks :)

There's actually no easy way of getting back to that, is there Skinny? It would be great if we could just put in the 'Search' criteria the particular number of a Post if we know it. A nice project for Ian to work on!

Not unless you can "tinker" :-)

Toya,

You just need to edit the query string in your address bar.

There are 20 posts per page, so post 6015 will be on page 301 which you can access using this address:

http://www.moneyam.com/TradersRoom/posts.php?tid=12132&page=301

Edit - beaten to it!