The market seems to be selling-off on the back of limited bad news imo, apart from the dollar that is.

If you can hold your nerve and apart from any short term requirements to offload poor performing stocks, I have a couple!!, my advice would be sit tight. This does not have the feel of the tech(mining!) bubble at all. Difference being there are a lot of good fundamentals, unlike in 2000 when there were a lot of over rated nothing companies.

so very difficult to call correctly at the moment ...... long or short are both correct but only if your timing is right! ....... if not, book a place in the soup kitchen queue

Cash Is king at the moment, to many variables.

you are right, and though i sold today my SCHE, prematurely as it happens, and part of my TAN holding, I am reluctant to dump more

just for a little sport between ourselves ......

as i write, Dow stands at 12225 (-34) after a low of 12056 and a pre-opening high of 12303

where will it close tonight (21.00)?

i will guess at 12200

I will go for 12,208

No idear really but have a guess at 12190.

so far no rampant bears or bulls

and the answer was 12235 ..... so very little movement after all .... at least that should give London some encouragement, and it sure needs it!

Tells you a great deal about the psychology in the market at the moment. Think I'll stay sold in March and go away...........

Strawbs.

You may not be the only one S.

the markets are certainly going to be horribly volatile for a little while yet ...... current sentiment is that they still have further to fall, though there will be rallies (like today?) along the way

I've always thought of Fridays as a profit takeing/balancing/get out for the Week-end sort of day, but we shall see. As you say C this Is no normal week.

You can't get out of a share you bought every Friday...doesn't make sense.

Timing is everything . Anyone trading for a bounce today needs a good exit strategy. Is the best time to run for cover pre US open (depends on futures) or uk close? Or simply go for a 10% rise Any other theories for those not on the sidelines

insofar as nothing is safe, a long or even a short on one of the indices with 20/25 point stops is about the best ...... did that this morning and ultimately got stopped out with a tiny profit, but rather that than leave everything open and get caned

In my opinion the safest place is definetly on the sidelines. I'm only guessing, but I imagine these sudden swings make it difficult to make any money (or at least hold on to it).

Strawbs.

the markets are again looking very weak

If you look at next weeks calender there Is potential for further news that could make things volatile or at least introduce more uncertainty.

and boo hoo that i sold my SCHE ...... up 12 by yesterday and a further 20 today

No point In beating ourselves up over these things C, as we know it could quite easily have been the other way!