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

not me :-)
as i said earlier, i think the market(s) are looking o'bought and frothy ..... so am somewhat surprised to see MKS order book looking so strong

I've long thought the markets were overbought, analysts predicting 7000+ on the FTSE seams ludicrous to me.

expect more M&A activity in 2014.

it's always difficult to judge when you'll actually be pissing downwind, though you seem (are) remarkably good at calling very short-term short trades

Go on then Skinny, "Inflation is taxation without legislation".

Cheers Cynic, well not over the last 24 hrs in NXT hey lol, although I did make some money there before Christmas so not all bad...

shortie can you explain your chart over on the IMG thread please ?

Shortie - it's all explained here!

Jimmy, GF had previously said that short players were buying back in. So I expected maybe to find a breakout. I was just mapping the downward trend range and last support 240ish then 300. The chart was still within its downwards range so its worth noting the base to see if it builds from there. Possible long position might have been forming, chart for future reference, not been back since mind.

Very good Skinny... Milton Keynes... lol

Thanks ,i traded it well last year ,tempted to go back in but it's easy to get stopped out of.
Edit ,i also think the markets a bit overheated.

Jimmy, I bet, my chart shows the downwards trend and also the range. The range is too wide (volitile) a trade at present. Once a base is found the range should narrow and trading will be easier.. A good one to watch and chart from..

I'm a charting amateur at best. :)

Well your only really looking for a change in the trend, sure the trend says short but fundamentals for this company are all over the place. Last company accounts placed £177m as net assets with 266m shares in issue, this gives you a base price of 67p the rest 100+p being all based on future earnings. This is why the slightest negative noise has a big effect and ultimately why the share is falling to find a medium between its NAV and potential earnings.... Just my take on it...

Your right there shortie (This is why the slightest negative noise has a big effect)

It also worked the other way last year jumped on news then fell right back dangerous one to trade ,thanks for your input Shortie.

i'm sure shortie has spotted it already, but dow has lost all its earlier sprightliness and s+p is now in negative territory

Your welcome Jimmy, last year their accounts were also in better shape some £70m was added to current liabilities between 30 Apr 2012 and 2013.

I've pretty much had enough for the day guys, been trading 5 min charts on the FTSE since taking a loss on NXT. GJ short is doing me proud..

For myself waiting till next week before committing to any trades, stocks seem to be all over the place on low volume.