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

miserable git! .... mind you, there'll prob be plenty to be miserable about next week

Morning Harry, agreed a wee bit optomistic asking a question at that time. If you have access to live charts, may be worth highlighting on your screen Dow, Ftse and Dollar Index charts don't suppose it matters I am no expert what time frame, I use 10 mins, using RSI and MACD indicators when DI goes up Dow goes down and vice versa providing good scalping opportunities. This worked for me Mon, Tues, Wed noticably on Thursday when Dow and Euro rallied a wee bit not as noticeable. Unfortunately MAM don't provide a DI Chart, I am not gifted in the pasting department to post same on here. Have no idea why this occurs, but it has worked form me in the past and most certainly this week, worth a look.

Miserable!!! Me???? You are justifiably chirpy as you are off to the flesh pots of South America.................Down the local park with the dog is about as far as I will get next week!
Also, have just seen Simon Griffin in Shares Mag has a 5050 target for the FTSE over the summer................if you need someone to carry your bags, Cynic, just say the word!

You can get the dollar index chart here - http://www.fxstreet.com/rates-charts/usdollar-index/

j76
thats a good link.i went to the home page. thought the article on mystical numbers was most interesting. but not everyones cup of tea. unless they do tea readings.LoL
21st june, the summer solstice, +/- a week would seem to fit with his theory.
the spring equinox of 20th march(+/-) as a low has worked for me thus far this year.
maybe just coincidence, but i have posted about it previously and therefore dont think it is.
regards.
oh! and good luck.fingers crossed.dont walk under a ladder etc.
jkd
edit and ps i like your charts so do keep posting them, thanks.

My short was closed and reversed at 5765 - so could be interesting on Monday.

j76- Thanks, good site.

CC
we can have the very best money making system in the world and share it free with others.it will still continue to"work".. why? i have no idea.
currently about to do my own research on your suggestions.
may take me a while. i may get sidetracked and not complete the task. LoL
regards
jkd

jkd
Aye, please dyor, I am very much a trainee with large 'L' plates with regards to TA. No guarantee same will apply tomorrow or this week.

took a bundle off the table today and very glad i did so ...... Dow closed at barely b/e following further downgrade of greece so tomorrow london likely to open weak ..... surprisingly, euro does not lookde to have weakened against either usd or sterling

my portfolio still seems stubborn and not want to go down, in fact it went up today.
maybe i shall be in for a shock. i am sure i shall sooner or later.in the mean time i have
tightened my stops, but not too close, just close enough to allow me to give some back to the market, but not all of it. and will now let the market decide for me.
shall then start again, from a higher base hopefully.( ie.money in the bank)
but only hopefully. we shall see.
i am trying to "read " my individual charts and not be influenced by outside views and herd energies.
as always just my opinion and please be sure to dyor.
i could be wrong.
regards to all
jkd

jkd - This morning Dollar Index showing wee bit stronger. Unfortunately playing golf today so not trading. Re-Scalping opportunities post 5924, using j76's live US Dollar chart (post5926) click on time frame 10mins, indicators Bollanger Bands - RSI - MacD. If you have live Ftse and Dow charts post all three (same time frame and indicators obviously) on your screen and watch for the opportunities. For example if I wasn't probabably wasting my time posting, I would have gone long Ftse or Dow, Ftse at 1045hrs @ 5775 would by now had my stop at entry target 5798 top of Ftse Bollinger Band or be ready to exit watching indicators on Dollar Index chart.

1152 would have put stop to 5790

1155 would have been stopped out for a scalp of + 15. Fool to myself, out golfing now.

Going to be a blood bath on the FTSE Thursday

gees, just got back from the golf, even though would have made a few bob today tomorrows another day :O)

11800 is the number from which one can hope for a recovery on Dow and i think 5700 on FTSE, but with the way things are currently looking, don't bet your house on it ..... not half glad i took a lot of cash off the table last week

S @P in a similar position which is more worrying. Hey 'This to shall Pass' but don't hold your breath!

Ftse now in the five six hundreds now......dear oh dear.....

No great surprise rf, imo. This decline has been widely predicted. I wonder if Simon Griffin target of 5050 is going to happen. Certainly 5600 is on the cards, imo. Will make for a great boost in the autumn though, once the markets start to pick up again.