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

I hadn't realised how popular Bottom fishing was with women!

jimmy 18109 skinny 18111 - ha ha lol like it dudes :-)

i am not clever enough to post pictures on here or insert a link that works but here is a non working kink that made me laff........reminded me of certain govs LOL
http://milwaukee.wisgop.info/2013/12/the-problem-with-socialism-is-that-you-eventually-run-out-of-other-peoples-money/

The problem with socialism is that you eventually run out of other people’s money

dz - i agree that the crash of the markets in china is indeed a worry ...... however, that country is so unbelievably corrupt and the accounting (non) standards so farcical, that fishing in that pond by a gweilo (round eye!) has always been foolish in the extreme

what implications this latest shambles might have on the rest of the world and its markets is hard to gauge, and impossible for me :-)

cheers skinny - looks like i will need to keep my dunce's hat on for longer :-)

cynic 18116 - how can you possibly say china is 'unbelievably corrupt and the accounting (non) standards so farcical' just dont get it LOL :-D

the other problem with china is that a large proportion of investment is done by small investors who change with the wind and believe almost any rumour they hear - very unstable - then with global problems starting to bite although they / china soared in recent times may well in fact be hit hardest of all - what goes up must........................ ;

dow is starting to look very ugly with an inability to hold above 17,600

NYSE halts trading in all securities

that's very worrying, as much as anything else, because no reason known

the answer .....

The New York Stock Exchange halted trading in all securities as it addressed a computer malfunction and said it canceled all outstanding orders.


chinese cyber attack?
who knows

More likely -

cnn posts .....

Homeland Security: 'No signs of malicious activity at this time' in computer problems at NYSE

maybe china saw my post about them and decided to launch a cyber attack against nyse to even the score LOL


yep watching the dow with an eagle eye........do you have a spare pair of steel toecap boots knocking around :-)

neighhhhhhhhhhhhhhhhhhhhhh skinny lol

i'm wearing them as have had a stupid long :-)
working on the basis that market is much more likely to recover sharply than to drop when this computer nonsense is sorted

gl cynic - wise move wearing them :-)

yup; got that one wrong old buddy :-(
but can't make an omelette without breaking eggs or somesuch :-)

sorry to hear it but with a weekly dow range around 17800 - 17500 and a higher than norm avg caution needed of course just need to get on the right side so just bad luck - had a little nibble at the dax again this evening and made a few more shillings ; ftse may likely follow dax level movement tomorrow perhaps as dax seems to be hitting the trends earlier but that could change in an instant of course

i hope that was a small omelette in this case!

Very nimble yesterday until the glitch.

The Chinese, Greeks. What next?

good morning dz ...... i got lucky with a hefty bounce o'night so have halved my already small position for a minuscule profit ...... out of devilment, i'll let the remainder run