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

12900 looks likely now

i still think somewhere between 12800 and 12850 is the level to watch for support ..... the actual number seems to vary slightly depending on the system used

12800 ultimately Richard, depends wot it does in between though :)

If it drops from here I wouldn't expect much help before 12520 ish (and that's only an intra day support point on the candlestick chart on Aug 16th).

In my opinion.


Strawbs.

agree with you Peter, though even if heading that way, may well take my profit a little earlier

no one thinking that 12900 will hold...?

I would have thought we had seen the Dow lows until 8pm...

excuse me foale, but what has 8.00 om got to do wqith the level of Dow? .... do you think it will pause while the Brits go home and enjoy their dinner with a fine bottle of wine?

Having dropped through 950 with some alacrity and thus failed to climb back through would rather expect another assault on 900, but it never does what I want it to :)

Like I said, never does what you want or even expect

The whole day of the Dow is a set up for the last 30-60 min imo....
nothing to do with uk....8pm uk is the last hour in NY trading...

Monday night "fine bottle of wine" you obvoiusly know a differnt set of "Brits" to me... KFC more like lol

16:36 my last post....low of the Dow ...spot on....
and now at 12980 more like a retrace down...

do a lot of the cooking at home .... good job i'm not french or might be tempted by a foale-burger .... as it is, i have made a decent coq au vin and shall open something respectable to go with - suppose it should be something like '96 Gevrey

Sounds delicious - can we come and join you then??

Reckon I'll crack a bottle of Blue Nun :)

Cynic's gone awfully quiet - guess he's afraid we might be gate-crashing his dinner.

bloody right .... plumped for a bot of '93 Vougeot .... afraid i have far too much fine wine, and fear i shall be forced to sell at least some before it gets too old .... but will reinvest in wine

Probably better than investing in some of the shares that have been touted here.

that's an easy call!

on a more serious note ..... Dow tried to stagger back through 13000 but has failed .... also hear that US shoppers in this key weekend and week are out in numbers but spending less .... not a good prognosis

Richard if you have too much quality wine going you cannot drink, feel free to decant it in my direction :)

Don't let that coq au vin get cold now! Humble spag bolog here tonight, albeit with wine - but at least I don't have to cook it!