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

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......



Portuguese PM Coelho to address the country Sunday at 18:30

Portuguese government preparing to ask for second bailout: Anonymous official source cited on CMTV

Portuguese constitutional court rules against measures worth 1 bn euros

wall street rallied quite strongly into the close on friday night, dragging cash ftse up in its wake .... however, with fresh rumbles in the eurozone (the north korea sabre-rattling will quite correctly be ignored), is there any reason to suppose that the markets will not in fact continue their southward track?