Read the latest interims.......just make sure that you are sitting down.

market is now doing what i expected it to, even first thing this morning ...... am contemplating doubling my short here .... have already (just) moderately shorted both Dow and FTSE

Richard :)

Gutsy move Richard, US data at 1500

hi peter .... i think the only data due is Biz Confidence which i can't really see having a great impact .... being historic, it must surely be horrid anyway

anyway, said i was only contemplating doubling short on SOLA!

Consumer confidence Richard - Quite significant on the FX markets

Think SOLA is still a short btw

not called Dow correctly at the mo ..... let's see what happens next!

not a lot!

Following weaker cons conf. my money's on 2 more US cuts of 25bp in Dec and Jan. Hence the Dow holding up and gaining.

Dow ended up with the rally ive been expecting.

Hope you havent been too badly burnt cynic.

burnt on rise in Dow ..... i don't think so!!!!! ..... not sure where i left you on this, but was ultimately long both Dow and FTSE and made the bank manager very happy indeed ..... both now closed.

which brings me to SOLA
the indices are too difficult to read at the moment, and while my inclination is to think there will be a correction following the headlong recovery, the indications are unclear.
howver, SOLA seems totally disinclined to move upwards and is now (i think) building up quite a resistance at the current 350/360 level .... with that in mind, i decided to double up my short this morning, as that looks a pretty short odds bet.

in fact, while checking a figure just now, it seems others are now selling too with sp just falling below 340 ...... if no rally, then 300 is certainly next stop


Peter - your invaluable input please!

Richard, I haven't changed my opinion re the short scenario. Since March the SP remains in a downtrend and recently broke down through the latest bounce. 300p certainly appears to be a realistic goal, keep an eye on that uptrend line which if broken may signal a bullish reversal. Personally I would place a stop somewhere in the vicinity of that line.

if you mean the lower line, then fuilly concur - i.e. about 375 i should guess ..... i'll post one of my simplistic charts in a mo, but am sure it concurs in this instance

Yep, that's the badger :)

sp has now fallen decisively through 25+50 dma, the 200 dma having been smashed ages ago ..... working downwards, there looks to be support/resistance at 400 (long gone) and also at 360, as mentioned earlier, and of course that has been something of a resistance for a little while, and now looks to be broken fairly decisively

yep looks good again for shorting but holding off just in case economic news from US is better than forecast.

i don't think US news will have any effect at all on SOLA ..... you will note that it did not move upwards one jot despite the general hefty market recovery

sp currently tanking .... now down to 325 and still weakening!

Yep but it can be a stuborn little so and so cyners.

have yet to decide, but may take quick profit on this morning's slab as i am now quite heavily o'weight here

as i shall be out of touch until tomorrow evening, decided that a modest profit of 8p clear on this morning's dabble was better banked, lest strange things happen while i am out

Ok stranger.

Yet another dead cat bounce .. or is it.? Persistant little bugger this one. Wish I had it in my portfolio, but MDX is holding my attention too much.