cynic
- 20 Oct 2007 12:12
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
BigTed
- 10 Mar 2008 17:12
- 1442 of 21973
Not sure how long or how far this current rally on oil will go or last, I need to see $106 again to restore order... surely not out of the question???
explosive
- 10 Mar 2008 18:47
- 1443 of 21973
11800 looking like support, have closed down the short positions as expecting a rise... Swiss looking very low...
cynic
- 10 Mar 2008 19:13
- 1444 of 21973
11800 so far has proved no suppport at all .... end of day may show differently
BigTed
- 10 Mar 2008 20:10
- 1445 of 21973
Disappointed with myself for getting into the position i'm currently in, too many shorts on Nymex... need to be going with the flow, not against!
BigTed
- 10 Mar 2008 20:34
- 1446 of 21973
Agree that a price being pushed higher by fund buying and not supported y factual events is a recipe for disaster, trouble is no-one knows how long it may go on for...
explosive
- 10 Mar 2008 20:48
- 1447 of 21973
No Trading on Wall St.....??
cynic
- 10 Mar 2008 20:53
- 1448 of 21973
comment not understood
Dow looks to have closed well under notional suypport of 11800 so expect F/E to sell-off quite hard with knock-on in London.
At least i have minor comfort from my Dow and FTSE shorts as well as in SOLA and WPP, but fear will be little more than a sop
stroreysj
- 11 Mar 2008 09:40
- 1449 of 21973
oil seems to have steadied, although rememeber thinking that yesterday. Another $8 fall and im in the money LOL. Whatever, happens I am closing out tomorrow and going skiing for three weeks in colorado. A nice 24 hour flight from Singapore but still less painful than these markets. Have fun all
BigTed
- 11 Mar 2008 12:24
- 1450 of 21973
$110 barrel, here we come, wow money still piling into oil, and although i can see this trend continuing for the foreseeable future, it must surely go bang...
stroreysj
- 11 Mar 2008 14:23
- 1451 of 21973
i must be in the twilight zone. Took the dog for a walk and the FTSE's up and oil back a $. Need to get away from my screens more often
cynic
- 11 Mar 2008 17:54
- 1452 of 21973
while Wall Street's burst for glory brings very welcome relief, just watch out ..... the important 12000 level has been challenged a couple of times so far and has failed to hold ..... keep an eye on this, especially towards or at the close ..... a strong move in one direction or another is almost certain
cynic
- 11 Mar 2008 20:07
- 1453 of 21973
not sure on record from anyone, but am truly delighted to have lost money on my FTSE and Dow shorts, though am now long Dow and have made up much of what i lost .... Dow +406 at 12165 as i write
hope it jumps further towards close, but shall be watching with a view of cashing at least some of this profit
explosive
- 11 Mar 2008 20:13
- 1454 of 21973
Glad I closed my short positions yesterday.....
BigTed
- 12 Mar 2008 09:03
- 1455 of 21973
Well, things looking a bit more cheerful, Fed messed things up for me a tad, as the price of a few companies i'm interested in has got away from me a tad, the big sell off hasn't come (yet), and know wondering if we are actually seeing some equities bottoming out? Certainly TAN for one keeps bouncing off of the 85p mark.
Having said that - little bit muted on FTSE this morning... was expecting a bit more after such a strong late performance by the DOW last night.
Falcothou
- 12 Mar 2008 09:32
- 1456 of 21973
What a topsy turvey world, as Times says investors are fleeing equities to the well known safe haven of oil futures! US Oil inventories out today which will hopefully burst the bubble! Though probably not !
cynic
- 12 Mar 2008 10:25
- 1457 of 21973
comment in today's Tele that no significant fall in crude prices likely in foreseeable future .... remember that in SAR or Euro terms, crude not that expensive
cynic
- 12 Mar 2008 19:27
- 1458 of 21973
considering yesterday's huge rise, Dow is remarkably strong .... watch for last 30-60 minutes of trading!
explosive
- 12 Mar 2008 20:48
- 1459 of 21973
What time in the UK does Wall St close? Could have sworn it was open still at this time last week....
DFBPBJ
- 12 Mar 2008 20:57
- 1460 of 21973
Explosive - I think US Daylight saving time starts 2nd Sunday in March i.e. last Sunday. So Wall St will close 20:00 UK time, until our clocks go forward.
explosive
- 12 Mar 2008 21:27
- 1461 of 21973
DFBPBJ, thankyou, that would explain it and I now know I'm not losing my marbles, well not yet anyway..