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

10:33am EUR German 10-y Bond Auction 1.28|1.6 previous 1.36|1.6

impossible to read these markets .... i see dow cash is now -100

Waiting for GJ to get back to around 149.7 before going short again...

Wall St Suppost/Resistance below, I think 14650 will be taken out this afternoon putting us in a 100 pip trading range.

FTSE Daily below, looking at the high/low points the chart suggests that a downtrend is being established. Waiting to see if this breaks below 6220 to close.

This moring the FTSE peaked @R3 and bounced @R1.

Doesn't look that out of place on the 30 minute, are you looking for a return to the 20DMA @ 6290 this afternoon Skinny?

After my "luck" this morning, I should go for a walk - but I'm looking for a move to the upside short term.

I wonder how many will be at their desks after lunch in the city today?

There is money to be made out there - if you can read these markets - I AM STILL OUT

Reading the charts is the easy part, understanding them is another matter.

I'm guessing a lot of city boys will be otherwise engaged this afternoon after Maggie's funeral.

I meant R1 & S3 above btw :-)

I thought you meant R1 & S1 on your chart Skinny, as no points were defined I didn't pay attention anyway..

Shortie - this is what I was looking at 1st thing - no idea now, but looks like your downside has it this afternoon.



R1..............R2............R3.........S1........S2.........S3

6332.83 6361.08 6378.73....... 6286.93 6269.28 6241.03
14812.61 14868.43 14975.14...14650.08 14543.37 14487.55

I just signed up for a gekkomarkets.com spreadbetting account. Cityindex have truly pissed me off today so will be closing bets only with them.

why them rather than say IG with whom i have certainly worked very happily for a number of years?

They all have their foibles when it comes to interpretation of stops/limits etc - especially if you are on a good run.

At the end of the day - they are the market and that is that.

the only way anywhere you can set firm stops/limits is to have a guarantee ..... IG certainly offer that service

AAPL
take a look at what happens when the market falls out of love with a stock ..... this one is now hovering at about $400 from about $700 mid september

this is why i won't buy ASC as i can easily see the same thing happening there