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

Don't take this personally - or perhaps do - this BB is thin enough on 'reasoned' info - so can you lot fuck off back your favourite thread!

Doodles, Ive proved you wrong everytime on every issue.

I am not going to clog this thread up arguing with a half wit.

Now pop along its way past your bed time.

REMEMBER, once a second rater you will always be labeled a second rater.

I think skinny has just asked us to fuck off, so I will, out of respect to his wishes!!

Debt Cap Raise Until Nov. 22 Gains Support to Bar Default

By Roxana Tiron, Richard Rubin & Chris Strohm - Oct 10, 2013 8:12 PM GMT+0100


http://www.bloomberg.com/news/2013-10-10/debt-cap-raise-until-nov-22-gains-support-to-bar-default.html

Meeting later tonight.

The proposal today by House Speaker John Boehner wouldn’t end the 10-day-old partial shutdown of the federal government. The plan would push the lapse of U.S. borrowing authority to Nov. 22 from Oct. 17.

Stocks skyrocketed Thursday as investors were encouraged by talk of a deal that may avert a U.S. government default.

The market is on track for its biggest gain since January.

President Obama will meet with top House Republicans at the White House Thursday afternoon to seek a path beyond a confrontation that has left the government shuttered for close to two weeks.

House Republican leaders said they would advance legislation to temporarily extend the government's borrowing authority so it can continue to pay its bills on time.

The Dow Jones industrial average was up about 290 points, or 2%, in late afternoon trading. The Standard & Poor's 500 index gained 2% and the Nasdaq composite index skyrocketed 2.2%.

O/Topic.........

doodlebug4 - 10 Oct 2013 20:30 - 13212 of 13220

gf, you are one of these people who will argue black is white. Just how do you figure out that despite the CR thread has most posts it is not the most popular? I see a little green-eyed monster in there who will not admit to the evidence of statistics........ENDS

Statistics today taken from 7.05 am to 10pm

1. Cockneys Den

7.05am........155955

10.00pm..........156064

109 posts in total.

2. TOP Traders Thread

7.05am........327355

10.00pm......327939

584 posts in total.

= 435.7% overall gain over Cockneys Den thread.

YET AGAIN DOODLES you have been found wanting.

Second Rater.

Wow skinny. That's pretty strong! Not often you lose your cool! I assume you weren't long DOW sometime during the 323 point rise then? ;o)

Hey respect skinny, as Harry said most unlike you. Well Done :O)

Cynic triggered the bust up with this post, I hope Skinny is also refering to him, then again no please dont send him up to the 'Talk To Yourself Thread' weve had enough of him, he can stay here.

cynic - 10 Oct 2013 18:26 - 13206 of 13223

don't tell me sticky!
you're another of that large band on here who have never made a duff market call ..... that must be why you're still working at it - or is that just avarice?

From DP of Inv Chr today:
"Neither the US government-shutdown nor the debt-ceiling standoff are yet resolved, but the indices are sure as hell acting as if they were. I have forecast all along that these issues would be cleared up before disaster hit and that equities would head to new highs in response. Clearly, a lot more folks think the same and are thus willing to jump the gun. I can’t really see a good reason not to take part here. The buying was so powerful yesterday, just the sort of thing I look for to signal the start of a new up-leg. I would be looking to buy the first bounceback from a small intraday retreat, therefore. I feel that the indices rather than currencies are the place to be for now. Meanwhile, gold is selling off in line with my call. If that’s not the start of a new rally, it’s about the best impersonation of one that I’ve ever seen. The S&P gained 1.91% from peak to trough in yesterday’s session, which is just the sort of move I like to see to kick off a fresh wave of upside. I am looking for upside to and through the 1729.8 level."

Harry post 13222 - no :-)

6460 short... Hourly below.

6471.8 short again, this gives me 3 positions now.

Shall I join in?


























Perhaps, NOT!

Have a good day.

I've gone short @6,487 - I was looking for mid 90s, but its seems to be running out of steam (famous last words!).

WRONG THREAD.

I'm now averaging 6430.3 accross two bets, taken some small profits, may do another one if sentiment begins to change.

Looks like I jumped out of DGE too quickly!

One for the watch list, either head and shoulders or about to break.