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FTSE + FTSE 250 - consider trading (FTSE)     

cynic - 20 Oct 2007 12:12

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

cynic - 01 Nov 2007 21:18 - 32 of 21973

i think gold is prob due for a correction too ..... i think it has raced ahead too far too fast, though i haven't seen the gold souk in dubai so busy for a very long time

cynic - 02 Nov 2007 12:42 - 33 of 21973

called right so far and (small) Dow long now showing modest profit with indicator showing Dow opening +55/60 on last night's close ..... if figures are not deemed disastrous, then could be a very sharp bounce, though whether it can be sustained is another matter entirely

cynic - 02 Nov 2007 12:45 - 34 of 21973

herebelow from www.cnnfn.com

Jobs growth picks up
Strong gain in payrolls is more than double what was expected in October; unemployment remains steady at 4.7%.
November 2 2007: 8:34 AM EDT

NEW YORK (CNNMoney.com) -- Employers added more workers to payrolls in October, according to the government's closely watched jobs report that showed the labor market significantly stronger than Wall Street expectations.

There was a net gain of 166,000 jobs in the month, according to the Labor Department report released Friday, up from the revised 96,000 increase in September. Economists surveyed by Briefing.com had forecast an 80,000 increase in the period.

The unemployment rate stayed at 4.7 percent. That matched both economists' forecast as well as the rate posted in September.

steveo - 02 Nov 2007 16:12 - 35 of 21973

ftse will in all probability will bounce come monday, so have gone long.

Time will tell ?????

cynic - 02 Nov 2007 16:32 - 36 of 21973

if we are entering a bear phase, and i have not (quite) said that we are, then the mindset has to change insofar as whereas in a bull market, bad news is pretty much ignored, in a bear market, it is good news that is ignored.

steveo - 02 Nov 2007 16:35 - 37 of 21973

I will bear that in mind

steveo - 02 Nov 2007 16:35 - 38 of 21973

sorry about that bear faced pun, quite unbearable really

cynic - 02 Nov 2007 17:27 - 39 of 21973

so what's bruin that you are so afflicted this evening? ..... clearly you need to practice yogi to clear the brain!

steveo - 02 Nov 2007 20:51 - 40 of 21973

good day on gold has helped my mood.

better than the average bear booboo

cynic - 03 Nov 2007 16:52 - 41 of 21973

in a more serious mode, Monday looks to be heading for another horror with news that Citigroup is in a real mess ...... i am currently long both FTSE and Dow but shall be closing those PDQ and quite probably reversing same.

cynic - 05 Nov 2007 08:08 - 42 of 21973

and i did, though taking the initial loss (on the long positions) wasn't fun ..... very very slowly learning some discipline

steveo - 05 Nov 2007 08:24 - 43 of 21973

stopped my long on fri evening, opened again this am, bargains out there first thing among the miners, but ftse needs monitoring closely. Am hoping the bad news has been factored in for now and other good deals will lift today for a while at least...

cynic - 05 Nov 2007 08:36 - 44 of 21973

was too tired to wait for F/E to open or may have (been able to) closed before i did ..... personally, i don\'t like the feel of the markets at all, and am trying to gather up enough discipline to start moving my portfolio much more into cash or similar

steveo - 05 Nov 2007 08:42 - 45 of 21973

Buy gold on weakness, I expect it to drop when us opens as further gains from last week are taken, will add then.

cynic - 05 Nov 2007 08:52 - 46 of 21973

i hold POG as a good alternative to bullion ..... still well worth a look

steveo - 05 Nov 2007 11:28 - 47 of 21973

"Bargains amongst the miners" well I thought they were first thing this am, getting even cheaper now. Just hope this is not a repeat of augusts sell off.

XTA now down at 100 day average.

Falcothou - 05 Nov 2007 11:36 - 48 of 21973

Al. were down to 675 recently

cynic - 05 Nov 2007 13:13 - 49 of 21973

don't confuse gold with copper, zinc, nickel etc .... totally different forces driving

steveo - 05 Nov 2007 13:27 - 50 of 21973

granted.

Falcothou - 05 Nov 2007 14:29 - 51 of 21973

Cable seems to have corrected today with little effect on gold price
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