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

Look at the reversal (go long) cross, I was right, shame I lost my nerve, RSI doesn't look up for it though so back to waiting!

dow is all over the shop, and (almost) too dangerous to play unless you're glued to the screen

Then wait and trade when your happy and able to do so. There will always be another position, but you might not always have funds to trade!

you're spot on; it was merely a comment :-)
in fact, just to illustrate the point, in the 30 minutes since i last posted, dow has dropped back about 55 to 17204

cynic Send an email to cynic View cynic's profile - 15 Dec 2014 17:26 - 16982 of 16986

closed at 17195 (limit hit) as not able to pay 100% attention...........................ends

Cheers Shortie..

Cynics too busy watching PORN.

too busy even to do that :-)

You too busy? not more scrap mettle collecting surely -):

golf earlier :-) ....then back to the office to answer usual everyday stuff, and just now sorting a very annoying prob that has just cropped up in houston (still in progress)

No such excitement here, just quality time listing to my boy reading, then I'll cook dinner and play CofC for abit before bed.

Golf? what in this weather... nearly forgot that you wear your pyjamas now under your cloths till June -):

I'm not one for the courses but I do like the driving range!

Back to the market, going to be a hell of a christmas surge.. but only if it actually surges.

time you lived south of the tundra :-)
very pleasantly warm here today, but a bit soggy under foot still
greens in fantastic condition all things considered

Yeah I know... it's grim up north -):

lol cynic ref prescient

so were you? :-)
mind you, if you were brave enough to leave your shorts running (so to speak), then you'll be doing very well

lol -i did well but not going to blow my own trumpet as i note some dont like my style which is simply to hope everyone including myself is doing well - which is fine if so as some strange beggars out there - difficult to call right now depending on ones strategy of course and expectancy - expect to see some end position squaring plus profit taking ahead of wed’s fed monetary policy announcement to underpin the mkt

A bit more of a sell off than I expected. If December turns out to be a bad month. Is this the top again. I am trying to see the positives for UK market in 2015.

Morning all, I'm long off 6204...