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

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 .

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!

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

Good point although look at the FTSE different story..

indeed .... the brave man might argue that this is the level for a bounce but i think the 250 chart (MCX) shows differenly

I reckon the Ftse will be in the region of 5950 - 6000 at the year end.

Thats no good D/C we want to know what it's going to do today -):

A few bounces perhaps, only to be short lived.

I think you can see that Stan.

and both dow and ftse falling once more

I will be going long for the mother of bounces and i could be a fool !!

5900 on FTSE doesn't look a bad level

not sure about DOW - just recovered a bit off 16,500 to 16,525

Is Friday the 8th a lucky number in China?
Was watchhing tv the other day{monday!} and a market analyst in Hong Kong was comenting on the sell-off in China over the weekend.
He said to wait until this Friday{8th}/weekend to see a possible 'real' sell-off.
Am out and in {cautious}cash.

if friday 8th is a lucky day, why is this chap predicting a "real sell-off" that day?

Dont know if he is short. Only saw the top half of him on my screen :-)

At what point would you go long cynic ,if at all ??

PS i'm more likely to play FTSE than DOW myself.

The £ has been weakening recently I hope it's not self-feeding.
2517

prob a side effect of $ strengthening, though certainly £/€ is currently only 1.34 whereas it was 1.41 not so long ago

Talking of Friday, don't forget its Non Farm Payrolls tomorrow as well.

i'm sure they'll be strong thus giving further excuse for markets to slump for fear of another imminent rate rise