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FTSE + FTSE 250 - consider trading (FTSE)     

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 !
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