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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

dealerdear - 13 Oct 2008 14:21 - 3211 of 21973

Hey Strawbs, never seen you so indecisive! Must be a good sign for the market.

Unfortunately as a trader I don't have that luxury. On the other hand, if I'd done what my girlfriend suggested and put the money somewhere safe (no not a bank) then I could be living nicely on the interest rather than trying to catch that bloody knife.

Strawbs - 13 Oct 2008 14:33 - 3212 of 21973

:-) Yeah. My moneys been earning boring (but safe) interest for the best part of a year. I did put some back into the market in June/July. Mixed results, although managed to eek out a profit. All too volatile for me to invest at the moment though....

Strawbs.

HARRYCAT - 13 Oct 2008 15:30 - 3213 of 21973

Ah, DOW closed. Now I understand.

cynic - 13 Oct 2008 15:37 - 3214 of 21973

Dow closed today?????
who says so??????

HARRYCAT - 13 Oct 2008 15:40 - 3215 of 21973

Public Holiday in the U.S.

dealerdear - 13 Oct 2008 15:43 - 3216 of 21973

I thought it was closed today but apparently not.

Currently DOW + 466

Stan - 13 Oct 2008 15:43 - 3217 of 21973

"Dow closed today?????
who says so??????"

I do...anyway oo you looking at? )-:

HARRYCAT - 13 Oct 2008 15:46 - 3218 of 21973

"U.S. bond markets are closed Monday for the Columbus Day holiday" CNN

cynic - 13 Oct 2008 16:17 - 3219 of 21973

bond markets may be, but Dow is most certainly not!

Stan - 13 Oct 2008 16:27 - 3220 of 21973

MID-AFTERNOON REPORT: Leading shares were still in positive territory by mid-afternoon Monday, although off earlier highs, spurred on by news of Eurozone deal announced from Paris on Sunday. RBS, HBOS and Lloyds TSB are the first to take up 'bail out' funds

At 2.55pm, the FTSE 100 stood at4105.91, up 173.85 points, a rise of 4.42%.

The Dow will be closed today as it is a public holiday in the States.

Taken off of the MAM front page.

cynic - 13 Oct 2008 16:38 - 3221 of 21973

MAM is clearly on a different planet - lol

try the following from cnnfn.com!!

Stocks score big
Dow jumps over 450 points as investors bet the worst is over.
October 13, 2008: 10:59 AM ET

NEW YORK (CNNMoney.com) -- Stocks rallied Monday morning as investors welcomed the global response to the credit crisis, including the Treasury's plan to buy equity stakes in banks.

The Dow Jones industrial average (INDU) gained 450 points or 5.5% in the early going, while the Standard & Poor's 500 (SPX) index rose 5.6% and the Nasdaq composite (COMP) added 5.7%.

Stan - 13 Oct 2008 17:14 - 3222 of 21973

"MoneyAM
MID-AFTERNOON REPORT: Leading shares closed the day surging higher after a positive day in London and an opening rally in New York on the DOW. Stocks were also buoyed by Eurzone leaders announcement yesterday in Paris "

Also closed according to my Almanac..I want my money back? -):

However they do say trade what you see )-:

Global Nomad - 13 Oct 2008 22:42 - 3223 of 21973

If this is Dow not trading......

Dow up 11% at close

that's some bounce!

Global Nomad - 14 Oct 2008 07:27 - 3224 of 21973

Nikkei up 13% too

Strawbs - 14 Oct 2008 07:57 - 3225 of 21973

I suppose after being on the edge of "Financial Meltdown" the markets will want to have a party now. :-)

Strawbs.

cynic - 14 Oct 2008 08:11 - 3226 of 21973

one swallow does not an alcoholic make!

Global Nomad - 14 Oct 2008 08:15 - 3227 of 21973

:-)

Strawbs - 14 Oct 2008 08:23 - 3228 of 21973

Too true, but does perhaps underline how bad things had become. I dare say after a few too many the markets will get a serious hangover and slide again.

Strawbs.

HARRYCAT - 14 Oct 2008 08:27 - 3229 of 21973

A good opportunity to make some money on the back of this surge though Strawbs.
Opportunity missed, imo, if you take just a watching brief.
I thought you might have become positively positive this week rather than tentatively negative! :o)

cynic - 14 Oct 2008 08:30 - 3230 of 21973

Strawbs is right, for this is certainly not the end of the bad news ..... it is 150% inevitable that the next bundle of results, esepcially from USA , will be vile .... it is then a question of whether or not market sentiment has changed sufficiently for those to be shrugged off
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