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

Footsie also coming back at last.

missed a good chance to short dow at 16,380ish
too nervous
it's a resistance/support and has challenged several time in the last 20, and fallen back each time

I've noticed that quite a few posters on here have the ability to move markets, RF; CC; myself and now Stan (post 565), problem is we send it in the opposite direction to our comment. lol
2517

I can move markets big GEORGE ,just buy the stock and down it goes !

Wall St ring me every morning to see what i'm buying today.

I forgot you also possess these qualities as well jimmy b. There's probably many others as well. Ha!Ha!
2517

Every turn of the year I'm amazed that one or all of us are not included in the New Years honours list.

what have you done to St Thomas More - aka fred?

now work out the connection :-)

More like whats the connection between you and the 15th century more like -):

I have generously given Fred some (much deserved) time off after his great informative, intelligent and most useful posts on here.

LOL!! Good one Stan joke of the day :0)

I aim to please CC.

Aye that's what Fred's told me.... wink

That's proper funny Stan ,i can't breathe !!

Down or up today chaps?

Utopia is the link stan

That's not a word I have come across Alfred, what is "your' definition of said word?

right chaps; time to transfer this jolly exchange to the NOWT thread where it belongs

Don't change the subject.. just answer the bleeding questions -):

DOW
very annoying last evening
took a small short but too early and got shut out before it all went south at the end
never mind .... am certainly more than fed up being hammered from having no stops

Don't worry cynic ,i still have a FTSE long trying to catch up.

I think yesterdays markets were the hardest to play.

i have no index positions at the moment
i got whacked and got out so now just playing very gently indeed while i get my composure and touch back

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it must be reasonable odds though still pretty brave to assume that both FTSE and DOW will firm up sharply b4 they close as positions are squared away

however, as i showed last evening, working the timing and/or stop position is difficult, not least because supports/resistances are currently meaningless