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

Bernard - I hope you didn't lose too much.

Bernard M - 26 Sep 2011 17:53 - 6818 of 6840

Looks like your 1100 prediction for the DOW is faltering thanks for the tip i have shorted it. In profit now, owe you a drink.

Just been stopped @11,130.

Well Done skinny, great call.

Bought Vedanta yesterday hope it breaks its losing falls today well oversold imho

I have Shorted FTSE Futures this morning @ 5230 fingers crossed.

Cheers Chris.

Bernard - good luck it makes sense, but who knows in this market.

i think one can make money short or long on the indices at the moment so long as one doesn't get greedy

Agree Mr.C but more chance going short ATM

?

Wow looks like my buy yesterday on Vedanta was well placed up nearly 10% this morning

Blimey - another hundred on the DOW from my stop - currently 11,241/46.

Well done skinny

Thanks Bernard - when those crazy yanks go on one, they don't mess about.

DOW keeps having a look @11,300.

Amazing! Only this time yesterday, I was being scorned for calling 11,000. The DOW is 11,330 as I type. Where next?

skin if eurozone problems not sorted down to sub 10000.

Ever the cynic yorky.

As I said in post #6773 "Looks like wednesday will be the crucial day for data from the U.S. Crude oil inventories, durable goods orders & speech from Ben B on state of the U.S. economy," so depends on that, imo. Personally am going to take profits on wed morning just in case Ben B casts a downer on things.

Don't you think BB's buddy's the big boys at Goldman, and other institutions will not know well before he speaks the content, and therefore the markets will react to this Tuesday.

Don't forget they all attend the same church.

certainly markets never go up (or down) in straight lines

disagreement re terms for greek bailout tomorrow indicates a (sharp?) down day, even though a solution will almost certainly be found at 11th hour