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

BNP Paribas have been rumoured with taking SG over before this fraud was announced, would guess the French would encourage this very soon.

Ford's figures not too bad ..... AT&T in line and strongish forecast ..... perhaps Dow will continue upwards

Like you i traded it last night cynic ,(i'm on a winning streak) ,i'm going for a bounce .

You be careful, make sure you land on your feet, not your astrakan coat. Ha! Ha!

I'm not a hippy George .

Jimmy b----------You may not be a hippy but if you're on a winning streak you must be happy, good luck.
2517

It'll probably end in tears.

Sorry to change the thread but do you guys ever have problems with the live price feeds on moneyam. I dont know if its the connection to singapore as I often loose the first and last 10 mins of the session. I didn't have any problem in dubai last week so want to make sure before i raise merry hell. Thanks

Caught the first bounce on the dow ,now it does'nt know where it is between + and minus , lost a small short on the FTSE ,too hard to call now.

stroreysj - There is a thread for that, titled 'Please report bugs & enhancements'.
Last couple of days have been pretty frantic, so maybe part of the problem.

reckon FTSE could be up again tomorrow ... watch for 5910 to be breached and held .... failure to do so could easily lead to a sharp reverse

You are getting our hopes up!!!
I think that I will take profits now, if & when, & then sit on cash for a while until I can figure out the safer stocks for a recession.

Rather than take profits set tight stop losses. the news flow seems to have turned, atleast in the short term. US housing inventories lower, US unemployment claims down, UK insolvencies lower, expected further interest rate cuts. I have no doubt there will be some bumps along the way but this rally might have a few legs left yet With many of the bears stopped out and needing to cover on wednesday, nothing as yet to make them return en masse. I like Cynic's optimistic, albeit cautious view. Heres to another fun day trading.

well said...:)

had long FTSE overnight (placed at 21:05 last night) and took nice profit first thing this morning ..... on doing so, went short DOW as reckon that is looking overheated - currently nicely in the money.

if anyone thinks we are now off into the sunny uplands once more, then he is likley to be in for a nasty shock and a cold bath

Cynic DJfuture up 70+ is it still going to be a down friday?

not trying to douse the euphoria just pissed off with the rags and their rubbish headlines

If a single US family home is priced at the 2007 median of $217,000 -- a 1.8 percent decline from the 2006 median price(reported yesterday) -- the owner is $3,906 poorer than a year ago. $600 rebate ain't gonna cover that

Poorer only if they sell up. No different to holding shares where the market has fallen.

i went short when Dow was indicating +90 .... imo the markets have gone up too far too fast and would not be remotely surprised to see profit taking before the markets close for w/e

Cynic post 685, rebound back up I meant, sorry not very clear reading my post over again.... I also share the view that markets are on a spike at the moment, big falls followed by support and push back up. I share the view that this support will be eroded fairly quickly, like many have alsready said we should see profit taking very soon. There is also still the uncertainty factor playing. May have a dabble on the Nikkei or leave until next week to see what news the weekend papers bring.