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

it's certainly time the market(s) stopped being spiteful

FTSE
possibly buy if 6050 hit

How do you see the Dow opening Chaps.

it has been down a further 170 to 17320, but has suddenly perked up be to down ONLY 50 at 17440

i suspect there will be a quick dive from that level as a carry-over from last night, but it would be nice to imagine a sharp recovery during the afternoon

Thanks, I'm hoping for a significant dive (with the footsie doing like wise) so that I can top up for next week.

well DOW did drop nearly 100 more at the open, so you had a chance there

Me too Stan ,what FTSE figure are you waiting for ??

Who upset the DOW ?

-40 james, which has been hit.

I was waiting for 6000 and open a January long but i don't think it's going to get there .

Yeah could be right but Dow still on the decline so you never know.

DOW
17,300 should have been a significant support, but it is now beginning to form a resistance

indeed, dow is now down to about 17,260 and all looking very nasty

===============

17,170 is the next stop, but of late, they have all been pretty meaningless

.

jimmy - well you can now ..... dow finished at 17,120 down goodness knows how much (370 it seems), and cash ftse just below 6,000

Short squeeze on Tuesday and Wednesday ıt appears to me.

one can but hope :-)

Hopıng for markets to move up a bıt thıs week before close.

Merry Chrıstmas to all who partıcıpate on Moneyam.

Claret Dragon.

Rally alert Santa's here !!!

so did you buy at 6,000 or was the possibility not there for you?

I did get in just above there ,i'm also running one FTSE long at a loss from last week so a mixed bag for me at the moment .

Any idea of what the Dow is likely to open with chaps?