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
skinny
- 05 Jan 2015 16:08
- 17286 of 21973
At that price - you must be in the brown stuff!! :-)
skinny
- 05 Jan 2015 16:12
- 17287 of 21973
cynic
- 05 Jan 2015 16:18
- 17288 of 21973
skinny - 17599 of course :-) ...... even so, still looking a bit iffy; we shall see
cynic
- 05 Jan 2015 16:22
- 17289 of 21973
banked respectable profits on OCDO and IAG just as a precaution
Shortie
- 05 Jan 2015 16:30
- 17290 of 21973
6400 lets see if there's any support, I'm thinking not, 6360 next real support..
cynic
- 05 Jan 2015 17:30
- 17291 of 21973
well you're pretty much on the point as i write
for myself, not the greatest call so far ..... shall contemplate
cynic
- 05 Jan 2015 19:56
- 17292 of 21973
it's very curious
dow is now down about 330 at 17495, yet cash ftse has barely blinked and is now at 6395
cynic
- 06 Jan 2015 09:04
- 17293 of 21973
ftse
sure has moved south now!
no idea where next support may be
Shortie
- 06 Jan 2015 09:31
- 17294 of 21973
No not yet, I have a FTSE short in play which is doing nicely. I think the rot will continue until snap elections in Greece....
cynic
- 06 Jan 2015 10:52
- 17295 of 21973
i had one earlier which i closed before i left for the office .... should have left it alone, he says with hindsight :-)
may re-open once i've sorted myself out here
Shortie
- 06 Jan 2015 10:57
- 17296 of 21973
6360, looks tempting to buy right now..
Shortie
- 06 Jan 2015 11:01
- 17297 of 21973
No point pissing against the wind going long but if it reaches that level I'll short.
Shortie
- 06 Jan 2015 11:27
- 17298 of 21973
cynic
- 06 Jan 2015 11:46
- 17299 of 21973
it went straight through 6360 without touching the sides and now looks to be holding ~6375 quite comfortably where i guess it's hitting your line above
Shortie
- 06 Jan 2015 11:51
- 17300 of 21973
Just gonna wait for it to start falling then short again.
cynic
- 06 Jan 2015 11:58
- 17301 of 21973
it's still rising quite strongly ..... perhaps 6400 is the next and most obvious stop, though i don't see that on your chart above
Shortie
- 06 Jan 2015 12:02
- 17302 of 21973
That's because your not reading the chart correctly, there are no support or resistance lines on it.
cynic
- 06 Jan 2015 12:10
- 17303 of 21973
quite probably :-)
what's that strange straight green line then?
Shortie
- 06 Jan 2015 12:21
- 17304 of 21973
Green is Kijun-Sen set to 26 periods.
jimmy b
- 06 Jan 2015 12:23
- 17305 of 21973
Sound like a Karate expert Shortie !