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.

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?

typical investors board. No wonder the traders don`t often come on here. Can`t have a decent discussion

ok snip .... presume the blue and red lines are MDAs ... if so, what periods and does the red one form a resistance?

btw, am also slightly concerned for the morrow that DOW is struggling to break through the psychological 11200 barrier .... It has been stalled just south of it all morning and fear that if no break upwards, then later in the day may see further selling which will knock on here

Then go Short:-)
Best day for a long time.Thanks to hefty(for me) ukx long from 5515

I am at the moment at 5684, and watching carefully