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

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

That's a very useful page. Thanks.

if i was in UK, i would be sorely tempted to go long Dow at +/-7120 ..... 7200 (current) is not really that much above

Why can't you trade outside the UK with some stops and targets in place.

like the man said ...... and yes i could but as 4 hours ahead here and far too difficult to track properly, much better to do nothing s one can get stopped ut too easily on a freaky spike

I know what you mean by freaky spikes. I have been taken out twice in last 6 months on FTSE, not too bad really.

have just gone long Dow at 7116 .... marginally brave, but now i am back in uk i can monitor a bit better

http://sharecast.com/cgi-bin/sharecast/story.cgi?story_id=2633513

in/out twice with a modest profit, then blew it all 3rd time around .... no blood, but would have been better concentrating on the rugby!

3659 the figure to be taken out according to my chart if we are to go through new intra day lows set back in october.

can anyone confirm?.

About right G/F I make it 3665 on 27th October..........

Cheers SF, it looks like it could go then.

And then........................... anyone for 3200???????.

Actually I dont think id mind as I reckon gold and silver will be in very strong positions and hopefully the stocks following.

Seems a little selfish on my part but the gold and silver stocks have rewarded well up until the last 7 days or so and the rest of the market is shot bar a few pockets of strength. 52 week high stocks of the last month/6 week dont seem to be phased by the present index weakness.

3476 is said to be the level at which to buy, though it is arguably that the current level just below 3750 is just a teaser, and thus the fall overdone

Wont the Yanks take us down cyners?.

Im sure they will and the futures today and medium term prospects dont look very good.

I notice old Warren owning up at last at the weekend that he had called the bottom wrong at 5000 in 2008.

I told you and others so. (i think it was this site?.)

Perhaphs Anthony Bolton should do the same.

I think my pal Evil had the best case saying that stocks could well be trading at just NAV value and then less when assets were written down.

He was implying that 2800 (or there abouts) could be on the cards!!!!!!.

market seems intent to continue falling ..... therefore watch for 3476 and keep your fingers off the "buy" key

Oilies such as dnx /tlw remarkably resilient.Wonder whether this will be called Black Monday in years to come or at least on tomorrow's cat litter!

don't know about DNX as i don't follow, but TLW has plenty going for it .... see thread re Uganda and Ghana

Thats it briefly but it happened a new intra day low for the last 12 month... 3653 beating the previous one from october of 3659. :(