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

Maybe a dose of reality setting in now, and realisation that a double dip is a distinct possibility.
2517

all things are possible,but most unlikely.

'We pays our money and takes our chance'
2517

i have a feeling in my bones that we may see dow -150 or more tonight, though i'm not marrying money to mouth on that point

US new home sales are dire, but market looks to be pretty much ignoring same, presumably on basis that US interest rates (prime rate) will stay low for the time being

One of the guests on CNBC this morning Ogberg? or similar, thought the 1st rise would be in July.
2517

cynic are you watching the dow?

yes, but then i always have that screen on ..... ditto gold and cash nymex

First-time weekly jobless claims surge to 496,000 and have increased by more than 10% in the past two weeks, U.S. says.

FTSE through 5500 where next?

target is 5768 (10780 for Dow), but surely will correct before then, and perhaps quite sharply

Fingers crossed. I'm getting my arse kicked at the mo. Back to the drawing board maybe.

you should be neutral of the indices in my view, using them and their targets and similar as guides only for the time being

I thought that the dollar would drop against the pound.....exactly the opposite has happened.

no one likes the possibility of a hung parliament

Frankly, the Labour news, euhhh sorry, the BBC have been promoting this as much as possible .....I think it's going be a Tory government soon.....they should put some sense back into Britain's finances.....surely nobody in the right mind would vote for Brown's lot again....oh....perhaps they will...nuts isn't it ?....

The problem I think is the huge client state Brown has established - they'll probably vote him in.

It's time for a change, I could write a whole page on the subject.

It most certainly is time for change - I can't bear the thought of five more years of Brown. Every time I see him on the telly, my blood pressure goes up a good few notches!

A lot of people will emigrate if he gets in again.