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

Back short on the DOW again.

thanks hilary .... i am not hidebound by targets, but they are useful guidelines ..... as it happens, i have just cashed in 60% of my Dow short as i'm whizzing about a bit

Love the currency analysis Hilary..

"squeeky bums" - just done a quick scan of my "technical terms" - nothing!

You'll need the female version matey..

Shortie,

Here's my GJ chart. I've been buying this since I woke up yesterday morning and saw the bottom oscillator had turned up in Asian trade overnight.

Very nice, I debated geting on the band wagon also and expect I will do once I've wound out of other positions. Bloody hefty margin though required, some 250 times stake for a 60Y bet..

I trade it with 1:200 leverage raw spread ECN with FinFX (Finland) and FXCC (Cyprus).

Edit: I made a mistake, sorry - I only get 1:100 leverage at Fin.

S&P maintain UK's AAA rating........ up yours Delors!!!

meanwhile, i'm glad i banked 60% of my dow short early this evening at about 14480 as i see it closed at 14550 - but the remainder is still nicely in the money

Cynic your " guru " ( you ) says 6121. JFTR etc

I got it totally and absolutely wrong today - made a big dent in my profit of earlier in the week. My heart over ruled my head - doh.

Good weekend all

no, guru is not me (not remotely clever enough) and what does JFTR mean as not come across that one

I'd guess - Just For The Record ?

it is as just checked on line, but no real idea why iain's post at all

Isn't the Tinternet a great place for " misunderstanding " :-)
I'm quoting your post. Putting it out there. Actually hoping I caught the bottom. Lol
I'm long from 6181 on a June contract.
That's me " out there "

indications are that both ftse and dow are now heading into a long overdue correction, and it may be that you would be wise to bank at least some of your stonking profit ..... however, as always, nothing goes in a straight line

Portugal. The new black......



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