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

5682 ıs around 20% from last May hıgh. Now do you feel lucky and step back ın?

I have gone long FTSE 100 as no doubt the FED wıll be forced to add some magıc

potıon for a few days feel good factor to help a few get out before the slaughter

contınues through thıs year.

I would sell in to any bounces that occur because i think we may have further to fall ,would be pleased to be wrong .

guessed the first part of my question wrong as i though DOW would be lower than 15,690 (it's 15,740)

so let's have a stab at the other 2 .....
16:35 = 15,700
21:00 = 15,850

Are you bothering to trade DOW cynic ?

too damn scared .... it's pretty much unreadable

Certainly wouldn't risk leaving any overnight trades open. Unless you are shorting stocks the only game in town for me anyway is scalping UKX.

Mayhem !
The trouble is a bounce will be violent and the same the other way.

i've seen bricks bounce more than the current indices

Ah well the bigger the falls the sooner we get to the bottom, any idea's where that may be?
2517

no idea at all; arguably there could be quite a long way to go, like 15,250 on DOW

meanwhile, Brent has broken below $28 and WTI is barely above

What about the Italian goalkeeper Fibonacci, will he save us?
2517

cynic - 20 Jan 2016 15:53 - 19716
i've seen bricks bounce more than the current indices

Did they fall on someone's head ?
:)

here's a brave CEO going public with his view of 2016 ......

“At the beginning of this year, things look a little bit better,” Nils Smedegaard Andersen said in an interview. “We do expect the Asia to Europe business to develop better this year.”
Maersk’s container line, the world’s largest, suffered last year from a toxic cocktail of too many vessels just as global trade sagged. While the industry still needs to address overcapacity, the demand side looks better, Andersen said.
“We find it difficult to believe that the European trade will continue to be negative in 2016,” the CEO said, speaking at the World Economic Forum in Davos, Switzerland. “A competitive euro and very low energy prices are good for the European economy so Europe should start to pick up consumption-wise this year.”

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

but others may be much less certain .......

China’s slowing growth has crushed shipping rates to such an extent that hiring a 1,100-foot merchant vessel would set you back less than the price of renting a Ferrari for a day.

Rates for Capesize-class ships plummeted 92 percent since August to $1,563 a day amid slowing growth in China. That’s less than a third of the daily rate of 3,950 pounds ($5,597) to rent a Ferrari F40

reverting back to my "silly" .....

guessed the first part of my question wrong as i though DOW would be lower than 15,690 (it's 15,740) at 14:35

so let's have a stab at the other 2 .....
16:35 = 15,700 .............. ACTUAL - 15,640
21:00 = 15,850

DOW now 15,550 (down 460)

To counter that Mr C, the CEO of Moeller Maersk at Davros was pretty upbeat about the potential for very swift expansion of container ships and traffic in Iran, now that sanctions have lifted. It is just an example of one door closing and another opening.
Officially a bear market in Japan now........Lots of analysts at Bloomberg very negative, but most of the CEO's interviewed at Davros seem to believe that this is a market correction rather than a sustained downturn. Aberdeen Asset Management are hoovering up equities as they see this as a buying opportunity.
I just wish I knew who was right!!!

my c+p above was from Maersk
Iran is certainly very interesting, but still very difficult and financially dangerous to deal with

Looks lıke Dow beıng drawn lıke a Magnet to the low of last Summer. Mıght even make ıt today!!!!!!!!!

now just below 15,500 (down 530)

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

and while writing the above, it's now close to 15,450

i'ld be happy to see DOW close down ONLY 250 tonight, but looks foinavon odds on that!