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

banked respectable profits on OCDO and IAG just as a precaution

6400 lets see if there's any support, I'm thinking not, 6360 next real support..

well you're pretty much on the point as i write

for myself, not the greatest call so far ..... shall contemplate

it's very curious
dow is now down about 330 at 17495, yet cash ftse has barely blinked and is now at 6395

ftse
sure has moved south now!
no idea where next support may be

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....

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

6360, looks tempting to buy right now..

No point pissing against the wind going long but if it reaches that level I'll short.

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

Just gonna wait for it to start falling then short again.

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

That's because your not reading the chart correctly, there are no support or resistance lines on it.

quite probably :-)
what's that strange straight green line then?

Green is Kijun-Sen set to 26 periods.

Sound like a Karate expert Shortie !

More to do with momentum than Karate. :-)

Yep, its what I use to work out which way things are going, how strongly and when direction is likely to change... Kicking myself for not going long right now! But ultimately there will always be another position. 6399.5 gone short.

and dow suddenly catches fright once more, presumably as crude fails to hold $50 again

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in fact, it looks as though $49 may even be breached this evening