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

Shortie,

I did say that I was no Elliott Wave technician.

Regarding the hard rules, in my interpretation wave 2 didn't retrace more than 100% of wave 1 and wave 3 was, by my calculations, 164 points and wave 1 was 143 points, so it wouldn't have been the shortest impulse wave. The fly in the ointment is, as you rightly point out, that wave 4 would have overlapped into wave 1. Extrapolating the logic suggests, therefore, that we're still in wave 3 of a correction to the uptrend.

Fishfinger,

I've known for a long time that you're a dickhead, and, if there was ever any uncertainty, the rest of the forum have now got your card marked as a dickhead too.

Congratulations on wrecking this thread. You've managed to wreck your own thread and, together with Fred, you've succeeded in driving most normal people away from this forum. You're clearly a few cans short of a six-pack - don't they have any decent shrinks you can visit in that shanty town oop norf that you mistakenly think is paradise?

LOL.. hey OLD HAG get upstairs. (lets face it thats why you are there)

And then re- read Elliots own flawed book on the wave.

I'm no technician either Hilary but do find these things interesting, more so your Schaff Cycle comments.

ps.........loads err money hillary.

Not bad for a prick. (big prick)

Whats your definition of NORMAL!!!!................YOU...... LOL LOL LOL LOL LOL LOL

6509 gone long

Ultimatly FTSE should fall next week to test support at 6400... IMO...

6524.3 position closed +15.3

TSLA
banked an adequate profit here
sp has to be very vulnerable especially as it is highly hyped on the basis that the company is hoping to blow china open with its cars

=========

in fact, have now shorted them at $229.75

WRONG THREAD THEN CYNIC.


Use the EPIC threads as everyone else does.


This is a community.

Skinny you still long?

6522.5 gone short

Any knowledge of result of Prelim UoM Consumer sentiment, is it 1355 in USA yet?

79.9 Chris as against 81.9 expected.

sticky - TSLA is a US stock and i don't think there's a thread for it as most don't or can't trade there

Shortie - no, I'm baby sitting today so a bit preoccupied.

Thanks Plateman.

Chris - bookmark this or similar.

OK Skinny, have a good weekend mate..

And you too - the things we do to help our kids!

Ok thanks skinny, I rarely trade indeces but useful to have thanks.