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've been out most of the day but managed a couple of very small but profitable trades this afternoon ...... i think it's the only way to play at the moment, or at least, i don't have the balls to do toherwise

i also accidentally went short first thing this morning ...... shame i didn't have foresight as i closed them immediately i realised what i'd done

DOW now seems to be a hitting a wall at around 16,330 and then dropping away

watching the 10-minute chart isn't a bad way to determine what to do - if anything

now getting close to 16,000
below that, 15,800 or thereabouts is the support

.

What support are on?

Whisky or Brandy!

15,800 (Dow) provided some respite but is now below that and struggling

cash FTSE shows -70 and it had been +100 or so earlier

quite enough excitement for one evening!
managed to make a few shekels from small positions (long) Dow, but had to watch and then just take the chance ..... missed lots, but at least have recouped a few crumbs from earlier horrors

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may consider a very small FTSE long o'night, always assuming Dow closes above 16,000 which it is now trying to do

just looked quickly and see Dow was regularly moving 150/200 points in just a single 10 minute slot ..... now you know why eyes of hawk and fingers and luck of the devil needed

Pure Gambling trading indices at the moment nothing more or less .
I actually went long on DOW at 4.30 and bottled it after 40pts could have virtually retired if i'd hung in there :)

fantastic day or what - hope you were all able to have a good day too

gla

jimmy I did the same yesterday - bottled it having gone long at 15,378. What a berk!!

ain't hindsight wonderful :-)

Certainly is cynic, mind you I still made a few points :)

Who could have known it would swing that widely . Wonder where we go from here .
Strange times .

as i said last night, if you've the time, will and concentration, the 10-minute chart (certainly on dow) is a good pointer as to which way to place one's bet

happy bunny this morning with DOW as placed a small long at 16,027 (couldn't get a connection late last night) over breakfast and i note a nice 100 point profit clocked up now i've got to the office

FTSE
i recollect that 6070 is quite a serious support and now resistance
the index is fast approaching this

marabuzo candle
what a load of goobledegook ..... wtf is that????

WOW!!!!
both FTSE and DOW have exploded!
perhaps this is more important for FTSE where 6070 was passed in a cloud of dust

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somewhat momentary, but still above 6070 (ftse)

It's to do with the angle of the dangle.....

Trading with the Marabuzo Line

just banked a very nice 250+ points on this morning's Dow at 16350 - just below a potential hurdle
wasn't a large stake by any means, but after the battering of the last couple of weeks, more than welcome

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i'm sure i'll be back in later, not least because there must surely be a big bear squeeze when US actually opens