The market seems to be selling-off on the back of limited bad news imo, apart from the dollar that is.

If you can hold your nerve and apart from any short term requirements to offload poor performing stocks, I have a couple!!, my advice would be sit tight. This does not have the feel of the tech(mining!) bubble at all. Difference being there are a lot of good fundamentals, unlike in 2000 when there were a lot of over rated nothing companies.

Re-invest your current equities holding in Stanelco and you could make it 90%, Coeliac.

LoL, Cynic, you're not the only one (i'm sometimes tempted to put that on my CV under "Miscellaneous Qualifications . . . )

Soul* - don't be a naughty boy; it has been my recent job to question the sense in putting (new) money into SEO, and I rather think "they" would not appreciate another cynical contributor.

What? Have you read my posts on the SEO thread? (I think I posted a comment predicting it to hit 9p by the end of the summer a day or two before you started to voice your concerns - it was about the time that WOODIE said he couldn't see why the stock was "cheap"). I'm now frightened to post any more because all my negative predictions keep coming true, and almost overnight!!

I'm beginning to think there's a price on Soul Traders' head amongst those who still think that SEO is possessed of mystical properties.

On a marginally more sensible note, I see there ought to be strong support for FTSE at about 5460, and similarly for the DOW at 10795 ...... Hindsight says i should have been brave enough to go short when the last supports gave way, but of course I wasn't and didn't! ..... and nor do I think I have the courage to short DOW even now, 'cos I know that will trigger a very sharp recovery.

Update Got WELL stopped out of position 5691 long.
Got 5550 Limit buy this morn.Well in the money this afternoon +55ish.Stopped out - 20 on arrrival home.
That 5550 was crucial to me as it had previous good support and was resistance for some time
All bets off,200 no longer support, maybe :-)
The RSI Should indicate to any fool its oversold.But who would chance it?


Me! Quick long 5515

The chart readings don't work this time.

iain nice post i watched cnbc this afternoon it was around 4.10pm they had a t/a on called phil roberts who highlited the ftse of 5515 as a support level looking at the low for the day this was proved correct, what he said if this level does not hold another quick sell off will occur .

Thats why my bits are in my throat right now:-)
To be honest just wanted to update my misfortune.Too many post stuff without explanation or a follow up

Limit sell 5631 0n the 50% Fib line.Stop at 5500 no technical reason.Just fear

With DOW now recovering quite nicely (bought in a bit late and will prob close before close), FTSE should at least start firmly. With a it of lucvk, there will even be a meaningful bounce, though whether it will have any substance is questionable.

Lets hope things start to turn positive tomorrow,as it seems DOW is recovering,what impact this will have remains to be seen,very nervous couple of days,but hope for some good positive days ahead.

well DOW bounced a bit and then fell back though closed well above the worst for the day ..... Don't expect fireworks in London tomorrow, but with luck will be calmer and some of the quality stocks should see some recovery ... at least i hope so

WHATS YOUR PREDICTION OF MINING STOCKS SUCH AS BHP,KAZ,OR VED ETC, SOME HEAVY BEATINGS RECENTLY,CAN DO WITH A BIT OF RECOVERY,LETS HOPE.

Strewth ateeq .... if I was that clever I would not now be crying but rather leaping around having shorted everything! In truth, I really don't know, albeit that i said KAZ was overpriced some weeks back as copper was at ridiculous levels ... Wish I had followed my own advice but did not have the balls.

My gut feeling is that copper futures are still at silly levels, and any significant bounce in KAZ and similar is likely to be bear covering. Don't ask me whether you should buy in anticipation of making a quick profit on that.

I THINK YOU ARE RIGHT ITS DIFFICULT TO CALL THESE RIGHT AT THE MOMENT,WE SHALL ALL HAVE TO WAIT AND SEE,THANKS FOR THE INPUT ANY WAY.

I think the Dow is ending on the negative side...what a waste.

GIVEN UP.JUST PRAY FOR A BETTER DAY.TOMORROW

LAST 15 MINUTES CAN TURN THE DOW AROUND FINGERS CROSSED,EVEN FEW POINTS OF BLUE SOME TIMES MAKES A HUGE DIFFERENCE AT TIMES.

Fingers cross, I hope the amrecians helps us out for a bloody change. !!!!!

headline on CNN after the close "attempt to rally fails"

take care