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

Digitallook - "Royal Bank of Scotland (RBS) and Lloyds Banking Group release results that are sure to be pored over by investment analysts and shareholders next week.
RBS is expected to post the biggest loss in UK corporate history following huge write-downs and asset losses."
Will be interesting to see if the FTSE fall continues in to next week on the back of poor bank results. I assume the shorters are readying themselves for action?

Analysts have been totally discredited in these markets. Nearly all have been hopelessly wrong and the rest have vested interests. My cat could get it more 'purrfect' than them.

When RBS was trading at a lowly 300p, I remember someone (possibly from DAN) suggesting to a horrified audience that they could drop to an astonishing 183p.

How times change ...

Long ftse 3775 see how that goes!

I think that might be a good trade,particularly if asia does not follow the us down.

I often find the ftse does not drop as much as you would expect after a big fall in the us.

needs a tight stop loss. seems to be one available.
good luck
regards
jkd

too risky for me though. id rather wait until tomorrow due a bounce but the trend is down.
once again good luck
regards
jkd

long ftse small stake 3783 stop 3759

Reasons to be bullish (short term)
It's Monday
50% dow retracement from 14150ish
Oil is at $38 and ftse 20% oils not off a cliff yet
Gap close
I'm not over-leveraged
Markets are oversold short term imho
I've probably drunk too much Guinness

LOL

I have promised myself never to trade after drinking

I always feel confident at the time then usually wake up with a hangover and a big loss to deal with lol

you 2 sound like a couple of Geniuses. lol
good luck
regards
jkd

It's strange to think that most analysts,brokers.pundits, traders were more bullish when the Dow was at 14000 than now !

f
aint it always the way? so whats new? i just try to be a follower and the trend is down, if i want to take a counter trend trade id rather do it during the daytime.
anyway i think you might be right. i do hope so. dont sit up all night watching. likely it will send you to sleep. lol
good luck
jkd

f
hope you didnt misunderstand my earlier post, it was a joke/anagram on Guinness,like the advert. good luck.
regards
jkd

Morning all

Stop moved to 3793 to lock in small profit.

No didn't watch overnight, I find it easier to trade overnight doing reversals from the close. My Nikkei long hit the limit and have locked in ftse stop at b/e, still long s@p and dax!

closed ftse long 3841 +58

well done you to you both.
regards
jkd

ftse and dax almost at parity!

Anyone know where the next DOW support level is please? The 10 year chart is no help at all now.

http://www.livecharts.co.uk/Members/display_stock_pivots.php
May be of some help Harry