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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

klal - 14 Apr 2010 13:07 - 5034 of 21973

As long as we're still getting higher highs and higher lows, the trend is up. Simply no point in trying to catch a precise top or bottom - can be darned expensive. If the market wants to fall, it will tell you by taking out a recent low. Until such time, keep your powder dry.

Balerboy - 14 Apr 2010 13:53 - 5035 of 21973

dow heading for 12000,edit lol

skinny - 14 Apr 2010 13:53 - 5036 of 21973

I hope not!

Time Traveller - 14 Apr 2010 16:17 - 5037 of 21973

skinny, are you short the Dow then?
12K looks like the ideal place for the Dow to head. Then it can crash down around us!

halifax - 14 Apr 2010 16:20 - 5038 of 21973

cynic are you still short the DJIA?

skinny - 14 Apr 2010 16:21 - 5039 of 21973

TT - when I posted Balerboy had mis typed it as 1200 ! But I am short UKX (just) and sold most of my BARC this afternoon - so probably new highs to come all round :-)

Master RSI - 14 Apr 2010 16:56 - 5040 of 21973

TEA TIME FUN

Stock market correction

2006-06-14%20Share%20market%20correction

cynic - 14 Apr 2010 21:55 - 5041 of 21973

halifax - yes i am but delighted if proven to have made wrong choice as am long with everything elsewhere - it was/is just good insurance

jimmy b - 15 Apr 2010 02:08 - 5042 of 21973

Over the 11100 now ,could be pushing towards 12000 ,could be turning down tomorrow , dangerous game shorting the Dow, i don't see how you can call it..

Master RSI - 15 Apr 2010 11:06 - 5043 of 21973

From the TELEGRAPH.................

Bernanke expects 'moderate' US recovery

Ben Bernanke, the Federal Reserve chairman, warned that the US economy will recover at a "moderate" pace and that significant time will be needed to claw back jobs lost in the recession.

In cautious remarks on Wednesday that belied Wall Street's gathering optimism, Bernanke warned that the US economy continues to face strong headwinds as it attempts to pull out of the worst recession in a generation.

"If the pace of recovery is moderate, as I expect, a significant amount of time will be required to restore the 8.5 million jobs that were lost during the past two years," he told lawmakers.

Bernanke expects moderate US recovery

Camelot - 15 Apr 2010 15:11 - 5044 of 21973

Camelot - 12 Apr 2010 06:46 - 5016 of 5043 edit this post
"Time has surely come to consider shorting Dow"

why ? ; why now ?

you could have said that at anytime in the last year.

picking tops is a mugs game

cynic - 15 Apr 2010 15:33 - 5045 of 21973

picking bottoms gives you smelly fingers

to repeat for the umpteenth ..... no market can continue indefinitely in a straight line in either direction ...... there are a number of chart indicators that imply that a correction on dow is now well o'due

klal - 15 Apr 2010 15:37 - 5046 of 21973

cynic, absolutely no disrespect - but what are these indicators you mention?

jimmy b - 15 Apr 2010 15:48 - 5047 of 21973

cynic ,BUT WHEN ??? thats my point ,you will be right at some point but if you shorted it this week you have already been stopped out ,,it's like playing roulette ..

cynic - 15 Apr 2010 16:34 - 5048 of 21973

klal ..... read and/or do your own f'ing research!

jimmy ..... no i am not stopped out, though i have set my own personal pain threshold; as for being like roulette, it's no different than going long or short of a stock

klal - 15 Apr 2010 16:42 - 5049 of 21973

cynic, I could write a really offensive retort to your response but clearly you are not worthy of even that! What a waste of space!

splat - 15 Apr 2010 16:42 - 5050 of 21973

cynic - klal does, and plenty of it! I read that as an innocent question asked out of curiosity.

klal - 15 Apr 2010 16:50 - 5051 of 21973

Thanks cynic. It's apparent expecting civil behavior from some folks is pointless. What could have been an interesting discussion has turned into a slinging match. I think we're better off in the main Traders Thread.

cynic - 15 Apr 2010 17:04 - 5052 of 21973

off you go then, where perhaps someone else has more patience than i to explain some very basic facts about charts - which of course are only a tool anyway

Chris Carson - 15 Apr 2010 17:17 - 5053 of 21973

Cynic - Surprised at you reacting like that towards klal, was a good question. At least have the good grace to admit that so far anyway your timing if nothing else has been suspect!
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