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

a truly gruesome day with ftse down through the 6725 support and dow now very firmly down too

EU preparing for 'state of emergency' after Greek talks collapse

there are of course still a couple of weeks to run until the shit really hits the fan, but it's reasonable to expect this shambles to run to the wire

DOW
watch for 17685 and then start hoping for some decent support

DOW
a small and not too scary dabble (i hope) at 17705

No positions currently.

17685 today?

out at 17768 :-)

chicken and egg
dow looks to be trying to recover, but on the other hand, ftse has closed below the (potential) support of 6725
perhaps as a result, dow clambers to 17800 or a tad above, but then falls back again

Will someone string this Greek Bow?

Its beginning to get a bit too messy now.

another vile day in prospect with a little quick trading in/out being the only sensible way to play if at all

Agreed

Now broken last support back in March on FTSE 100

quite tempting to have a dabble at current levels - 6670 and 17700 - but as i am buzzing about a bit, shall resist

17605 is my target for today

17844 looks to have been a better call at the moment :-)

Good Shout on 17844

the levels then were always good risk/reward but i shan't be greedy ...... actually took a small ftse long at 6672

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now out at 6721 on the basis that 6723 was a failed support so may now prove a resistance

I have been blind sided with all the Greek chatter.

Made it and lost it.

a good day today, but it still looks potentially weak with FTSE still struggling and failing to break north of 6723 even with DOW popping 100 points or so

Morning Glory soon went

Looking for a bounce today/tomorrow ........

No let up yet