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

Told you it was manipulation Shortie. Come friday xmas bounce is on.

Well it's sure got all the characteristics of it... FTSE is explained to some degree but not the rest of the markets and the fall appears overdone.. Too much money leaving the table without cause right now... Maybe we'll see a jump in gold nearer the close..

Take a look at gold over the last 2 days!

Shortie where do you get those excelent charts from please?

dow now down about 215 to 17645 ...... shame my short isn't larger, but of course i didn't have the nerve (balls!) to extend it earlier today or even an hour ago

they come with me CityIndex account.... very hand for making money I've found!! :-)

See if gold pops near the close Skinny, if not the market manipulators are good, but their not Carlsberg as the saying goes!!

9829 gone long on the DAX...

Cheers Shortie, very good, much better than IGs,.

Wonder if its worth having a cheeky long in EZJ????? lost 125 points in 2 days , seems excessive.

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Not a stock I follow but considering the fall in jet-fuel over the last quarter you'd think it'd add nicely to the bottom line.... just watch the gold rally at the same time..

9792 position closed. -37

Yep had a modest long on EZJ.

Ill get out bloody fast tomorrow if we dont get a bounce.

LOL... Yeah, indices might go a leg lower as short term support now being strongly tested.. You never know what the bell will bring.. 9800 on Dax appears to be holding for now.. 17680 Wall St, 6530 FTSE are my support points.

unbelievable gyrations on dow
was down about 200 when i left the office about 45 mins ago .... now down only 70 (17780)

dow
17680 support now easily broken
where next you chart whizzes?

Its at 17670 right now so wait and see if it tries to go lower and recovers back to around the support mark.

17653 :-)
where's support now, always assuming this isn't a tease?


i suppose 17600 is a good psychological level, and i know it was certainly a resistance point

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