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

if DOW only goes down 400, it will still be in an uptrend

CC
i agree with you on both counts and have done the same.or is that 3 counts? only difference being i am not taking profit on or at targets. may regret it but am using trailing stops to try to keep me in my positions.i may have to "give some back". but thats ok just so long as i dont give it "all" back.
fwiw wall street is now approaching fibonacci level of 61.8% long term retracement whereas ftse has already broken through(tentatively) so may be leading and not following.
its tricky so please all do be careful.
good luck and regards
jkd
edit and ps especially do be careful this week.

trailing stops when decent profit running also not a bad strategy

jkd - Aye sounds like a good plan :o))

CC
LoL! hope it worked :-)
regards
jkd
sorry CC it clearly did. LoL!
edit/ addendum. so as not to be misunderstood.it is CC who is clearly right , not i.

what a very nasty last 30/45 minutes ..... glad i ducked pretty quickly and banked some profits, albeit they were smaller than 24/48 hours ago!

am again modestly short Dow, and as previously, will be delighted to be shown to have been wrong

watch CNBC Goldman Vs Senate fascinating.

halifax

I thought it was meant to be Senate v Goldman

but I think you are right

:-)

can of worms emerging?

she is more 'annoyed' than coherent
making a speech

and not getting anywhere

dow is all over the place, but still trending down
however, on the back of that, gold is very strong which may help the likes of rio and pog to recoup some of today's heavy losses

I've been watching the grilling Goldman is getting live here ,typical slimy b****ds squirming and scouting round all the questions ,reminds me of someone ,Tony comes to mind ...

Got the start of your big DOW pullback then cynic ,but will it carry on ??

I am watching too

the problem is that those politicians dont seem to have the slightest idea
about markets
or just trying to make political points

Goldman are dealing with amateur's questions

yea, politicians just grandstanding

McCain was pathetic

How amazing it is that bad news has such a temporary effect on the markets at the moment. Nervous investors seem easily spooked, yet easily persuaded back again.
Greece, Portugal & the U.K. debt all looking dire, closely followed by Spain, yet so long as individual companies produce growth figures, no one seems to care for very long! Good for trading though.

Brown caught out it seems...labour showing it's true colours.....will we be rid of them ?...difficult to believe that they would get even 1 vote from anybody....don't like starting too many threads..but I'll start an election special as this is a very important 10 days coming up !...

shut dow short at a modest profit .... have left ftse running for now

Dow and UKX longs both done well :-)
Now reversed Dow and short @ 11175

Splat - Dow looks to be on a mission :o)