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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

Falcothou - 24 Oct 2008 09:53 - 3322 of 21973

Somebody just shot Cable down to 1.55, are we the next Iceland?

HARRYCAT - 24 Oct 2008 09:54 - 3323 of 21973

DOW currently -465 so my guess (uneducated!) is that this may well be the last down spike on the Elliot wave.
Possibly the time to start looking for solid companies with low valuation but an assured (?) dividend yield. Mobile telecoms surely must be a sector which is a reasonably safe haven in the short term?
On the subject of Cable, I remember when it was at 1.2 & increased to 1.4. in the early 1990's. We couldn't believe it would hold at that rate, but it did for a long time. The world keeps on turning nevertheless!!

Falcothou - 24 Oct 2008 10:01 - 3324 of 21973

Possibly time to stock up on provisions!

dealerdear - 24 Oct 2008 10:04 - 3325 of 21973

If you can still afford them ....

Falcothou - 24 Oct 2008 10:36 - 3326 of 21973

Cable 1.52! I think this might be the big one!

ahoj - 24 Oct 2008 10:39 - 3327 of 21973

Sharp movement of share prices is all due to compuetrised trading system.

Sell is triggerred by the programmes when index starts to fall and buy is triggerred when it rises, but in smaller sizes.


cynic - 24 Oct 2008 14:00 - 3328 of 21973

wowee! Dow being predicted as opening DOWN 600

HARRYCAT - 24 Oct 2008 14:06 - 3329 of 21973

I can't believe you haven't already traded a piece of that prediction, Cynic.
Indications have been down all morning.

maddoctor - 24 Oct 2008 14:08 - 3330 of 21973

do keep up , the futures have been suspended for hours!

dealerdear - 24 Oct 2008 14:11 - 3331 of 21973

we have restrictions in place today. futures limited to -5% which is why they haven't moved and the same at start of trade. If it happens, then there is a 2 min breathing space b4 trading begins again. If down 10% then another 2 mins and so on till a big fat Zero I suppose.

cynic - 24 Oct 2008 14:11 - 3332 of 21973

looking at IG CFDs which look possible to trade ..... currently showing -640 actually

harry ..... have got out of almost all ..... far far too scary for me

ptholden - 24 Oct 2008 14:14 - 3333 of 21973

Richard, US suspended until 2.30pm. IG are making their own opinion as to where the DJ will start trading.

ptholden - 24 Oct 2008 14:15 - 3334 of 21973

Could quite easily hit 7900 when trading commences.

required field - 24 Oct 2008 14:15 - 3335 of 21973

If this carries on....panicstricken sellers will drop the markets further....gloom and doom....may this end soon !.

cynic - 24 Oct 2008 14:16 - 3336 of 21973

yes, i know it's IGs "view" but presumably backed by biz too .... in fact now indicating/predicting -700 ...... if that is borne out, it is hard to believe that FTSE does not have a bundle more to lose

cynic - 24 Oct 2008 14:20 - 3337 of 21973

now -780 ...... IG are going to be either awfully right or awfully wrong, but i suspect the former will be closer

required field - 24 Oct 2008 14:21 - 3338 of 21973

Fortunes being made shorting and lost !.

cynic - 24 Oct 2008 14:37 - 3339 of 21973

glad i was just an interested observer!

dealerdear - 24 Oct 2008 14:59 - 3340 of 21973

US h'sing stats coming out at 3pm

cynic - 24 Oct 2008 15:05 - 3341 of 21973

place your bets now please ..... you know full well that whichever way you choose will be wrong!
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