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

Dollar and Gold winning at mo, crazy market.

What about 1160 cynic!

Chart of UKX with todays pivot points on there which seem to work OK as at least temporary stopping points. It's a long drop to the next one :(

DD .... made it on post 6351 selling out for a decent profit, and then tried to be clever and lost it back again, but no blood ..... anyway dow currently just about back up to that key number

I'm not sure where you;re getting 11160 from Richard and quite clearly that level was busted. I'm using 11100 which although pierced has provided support throughout the day thus far. Having said that it's now under it's 8th re-test on the 10 min chart so I'll be surprised if it continues to hold.

"guru" uses gann charts, which are far too esoteric for me ...... your caveat well noted

cmc offering 4987 - 90.

FTSE just dipped below 5000 another bloodbath Tuesday

DOW tanking down 440.59 points or 3.85%

FTSE 4935 and falling DOW 10930 another bloodbath Tuesday

I do not think the markets agree with Obama

total carnage ..... thank goodness i sold swathes on friday, though it's never enough

The US has sat about to long and now are paying the price. Looking at the speech there are plenty of plans, why have they not been actioned. They are now going to be told what to do, whether they like it or not.
Tough luck you have a downgrade. Argue much longer and there will be another.

dow 605p at some point...just quick two things , first all republicans for putting their own games on top of well being of small people should get bullet.. .full stop.even i and many of us , on the other side of the globe and everywhere, have to pay for it now big time. bastards. second thing lets pray for bernakie tomorrow.i think market wait for the biggest one to step in.

i find myself watching in almost grotesque or even masochistic fascination, wondering if dow will finish below 10800 .... just over an hour ago i commented to Beloved that dow was down 400 ..... it's now +/-600

-632

Well we've had worse days.


can't remember when ...

The DOW has now been in the longest decline since 1978. All 2011 gains now gone.

The biggest single day point loss was 29th Sept 2008 (778 points) After the house
rejected the bank bail out.

we're all dooooommmmeeeddddd

Is Bernankes speech tomorrow?