The market seems to be selling-off on the back of limited bad news imo, apart from the dollar that is.

If you can hold your nerve and apart from any short term requirements to offload poor performing stocks, I have a couple!!, my advice would be sit tight. This does not have the feel of the tech(mining!) bubble at all. Difference being there are a lot of good fundamentals, unlike in 2000 when there were a lot of over rated nothing companies.

I doubt it. The market has gone into frenzy mode, up massivelly one day, down the next, have seen it before, during tech phase.

If your happy to ride it out fine, if not sell into the rallys. Today is an up day, I don't know what will happen tomorrow? It's a joke I know because fundamentally everything is sound, oil still way over $ 60 and more and more profits announcements meeting expectations, everything in the garden is rosy, commoditiy prces being maintained to some extent, but the market has gone skitso and that is a problem in the short term, maybe until sept then the trend may emerge, at the moment knowbody has the foggiest and I mean knowbody it is all guess work and short term traders/shorters have the upper hand unfortunately.

Yep - am inclined to sit and wait a bit longer, hoping for bargains towards the end of the summer.

Agreed, good luck.

The traders/shorters hedgers have ramped commodities, now they are creating turmoil and making money in and out to the down and upside, they are the evil part of investing and cause these herd behaviours! elsewhere mm's are marking prices down and so the whole thing goes in waves, down and down until the bulls can get back hold of it, may take a while!

soul* - the green shoots are a result of the cowpats and/or photosynthesis! ...... Meanwhile, the market (and me!) holds its breath ...... Having jumped very first thing, very little is now happening ...... I guess if Wall Street comes in firm, there may well be some follow through, but very nervy times ahead for a while yet.

follow thru is not something many resource punters want tot think about at the moment!!!!

:O

follow through in one respect or another is very likely to be the outcome!

Up down, knowbody knows??

OK all you clever guys ..... FTSE is now about +170 and just below 5700 ..... it is coming up to 16:00 ..... so, does one now take a small short position on the basis that there will selling into the rally and peeps do not want to be left with open positionas overnight?

Well, with the FTSE-100 up over 140 points, it's clearly been a good day for somebody.

Crude is back over $70 and the OECD thinks it's going to stay there this year and next.

I could parrot some other facts from FT.com, only I'm not going to.

soul* - you did not answer the question!

open a spread account, Ive been trading the dow all day 10 points up, 10 points down. Easy money!!

amazing how you all avoid the question .... lol!
Let's put it another way then ..... Do you think FTSE is likely (a) to hold the current level until after the close or (b) will fall back due to profit-taking or similar?

Sorry Cynic, wasn't trying to! Our posts arrived on the list at exactly the same time.

I'm afraid your question is best left to those more experienced than me at gauging the market.

well I took my life in my hands and, having made some dosh on the way up this morning, I am now making a little more on the other tack! ..... just as the fall was overdone, so is today's rise to some extent, and I am sure there will be quite a lot of peeps locking in some of their recoveries ..... but def shan't be greedy!

looks bullish, note the last blue candle engulfed by the open candle

Snip - I don't understand candle charts, so what does that mean

looks good
look at the bottom macd histogram. See the shorter strip on the right. Looks as though there is a turn on the way

Technically Cynic, it means that a number of people have taken a good shafting! ;))))

See that long thing on the right, well whill all those long blue things knocked may people around and finally to the ground, that big long thing came along and delivered a damm good rogering!!

TA - Only for the experts!!! LOL!!!

I don't disbelieve you; just don't understand the system

and is a lit candle joyful or painful?