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

I'm seeing red..... lots of it... hilary's wish has come true...:((

No, don't make me out to be some king of an evil witch. I'm not blinkered to the extent of trading just one-way and, although I do think it will fall further, I'll be quick enough to reverse and buy it if it starts trending back up.

This was an easy move though, which started to pan out in the FTSE chart as of around 6pm last night.

My barometer is the s&p500 and I find that point and figure does sometimes work.

I'll post two charts. One with a size 10 box and the other with size 15. Both show a pretty nasty downside target around the 940 mark and regretably an even lower one that was created some time ago and which has yet to be negated. Good for Traders. Not so nice for the Savers.



TP

you're right hilary, though it's hard to determine to where it is likely to fall .... for sure there will be a lot of forced selling, but with ftse already -145 or thereabouts, it would be a brave move to now open a short position - or a long one for that matter!

Unless the new witch wardrobe is skimpy bikini, cool shades, long legs that go right up to her b** then get ch***y....... never gave it a thought hilary....:))

I enjoy my food more nowadays, Balerboy.



But I've still got my collection of skimpy bikinis.

:o)

LOL......high 5....just how i imagined......not!!

Hi there,

below is the latest FTSE video update and ideal low for May 25th 2020

http://www.youtube.com/watch?v=G64CXNgL-UM

the very very brave may think a decent bounce will occur later today, and they may well be right

or the very foolish!

Well I've been long for the last half hour or so.

Hils - I'm still short from yesterday morning, but looking to close @60 - picked up some AV. @293 earlier.

I'll dump it if it dips below 4920, Skinners. That's futs btw.

Going long again, Skinners.

hilary - do you also play with dow? ..... if so, the there is a support (allegedly!) at 9850

cynic - its about there now.

Ok Hils - out @39 (for now) +159

exactly so skinny and am modestly tempted for a small (skinny!)dip

:-) I've gone long @43 - stop @20

Dumped mine again a few minutes ago, skinners.