cynic
- 20 Oct 2007 12:12
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
cynic
- 06 Jan 2016 15:46
- 19366 of 21973
chuckle .... such a common name you have, it could have been anyone of several :-)
nothing like dead lifting ...... gives plenty of exercise in a hard winter or flu epidemic
cynic
- 06 Jan 2016 15:50
- 19367 of 21973
jimmy - DOW - do i spot a little support level at 16920? ..... have a look at today's 10 minute chart and let me know what you think
cynic
- 06 Jan 2016 16:27
- 19368 of 21973
meanwhile
DOW has recovered relatively sharply as is now wondering whether it dares break through 17,000
of course the major worry in all of this is that we are seeing far too much of lower highs + lower lows
jimmy b
- 06 Jan 2016 16:59
- 19369 of 21973
Had to be out for some of the afternoon unfortunately so am out of sync with the goings on .
cynic
- 06 Jan 2016 17:09
- 19370 of 21973
DOW has started to struggle again, so though it's tempting to go long again - for how long can this market keep falling in lumps? - it's mighty dangerous territory
cynic
- 06 Jan 2016 19:41
- 19371 of 21973
i note that dow has just dropped through 16,900 and quite sharply too
==============
already 16845 and falling
cash ftse down 40
cynic
- 06 Jan 2016 21:02
- 19372 of 21973
DOW managed to crawl back to just above 16,900 at close with cash FTSE showing -15
a very brave man with balls of steel and who can sleep through anything might risk a long on DOW o'night ..... no; don't look at me! :-)
jimmy b
- 06 Jan 2016 21:26
- 19373 of 21973
Bounce coming cynic over the next week , massive bounce i can feel it in my water...
Claret Dragon
- 07 Jan 2016 03:09
- 19374 of 21973
16760 early this morning. Late last night if you prefer.
No real support until last summers nadir.
No positions currently.
jimmy b
- 07 Jan 2016 07:28
- 19375 of 21973
Mad , 16690 now ..
London's blue-chips are set to suffer further losses early on, according to financial websites, as Chinese stock markets were halted for the second time this week, with the circuit-breaking mechanism kicking in after falling 7% in less than 30 minutes into trading.
Stan
- 07 Jan 2016 07:43
- 19376 of 21973
Actually I think China was halted after 14 minutes, never happened before.. spooky stuff.
cynic
- 07 Jan 2016 08:27
- 19377 of 21973
jimmy (et al) - so where now? ....... though i expected this year to be tough and bearish, i don't think anyone could have predicted what we have seen since the new year
though nothing goes down (or up) in a straight line, working out levels of entry are now nigh on impossible
dreamcatcher
- 07 Jan 2016 08:30
- 19378 of 21973
In for a good 12 months of turmoil. Just too much negative news for the markets.
cynic
- 07 Jan 2016 08:38
- 19379 of 21973
i confess at 22:00 last night i was looking forward to a steady day on the markets, and with some luck, a decent bounce ........ hahahaha!
dreamcatcher
- 07 Jan 2016 08:43
- 19380 of 21973
Not with that nutter in N. Korea.
dreamcatcher
- 07 Jan 2016 08:44
- 19381 of 21973
Debt will be the net big headline in Britain later on in the year, if interest rises come into force. Individuals have an appetite for debt again.
jimmy b
- 07 Jan 2016 08:45
- 19382 of 21973
Who knows , as you say nothing goes up or down forever ,i'm not going short now because i probably missed the boat ,i'm more interested in the bounce back .
cynic
- 07 Jan 2016 08:50
- 19383 of 21973
i agree jimmy, but equally thought that yesterday .... with nothing better to do, i made a nice little turn on dow long during the evening, but sure glad i closed it out!
cynic
- 07 Jan 2016 09:02
- 19384 of 21973
if you want to be scared, go back to page 1 and have a look at the charts ..... we are still much higher than the september lows