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've left a FTSE and a UKBANKS short in - so everything should be rosey next week :-)

Europe shares rally on hopes of bold EU plan



16:36, Friday 21 October 2011

PARIS (Reuters) - European stocks rallied on Friday, ending a roller-coaster week on a positive note as investors bet that swift measures to stop contagion from the Greek debt crisis will soon be unveiled at EU summits

tucked away a nice profit from long ftse as uncertain what the w/e will bring other than frost

LOL Stonking finish on the Dow,dont you just love those crazy yanks.

The markets will go one of two ways next week, if europe sorts the mess a good week.
If not, it does not need me to say.

'the markets will go one of two ways next week....'

That is an incredibly astute observation. No shit Sherlock springs to mind!

Can you let me know if it will go up first and stay up or go up and come down or go down first and then up or any other combination thereof?

Thank you in advance :)

You tell me, instead of asking me all the questions.

Lol - no point me telling you anything, you never listen :)

I do listen.

I defy any investor to answer correctly what you have asked me in post 7223. Are you being serious ?

The DOW has broken through resistance tonight having been stuck in a trading range for a number of months. Chart convention would indicate the index will continue to rise before a pull back to that same resistance level which will provide support to a more sustained rally. I expect the markets to have a bull run for the remainder of the year. You heard it here first :-)

Oh, and I also expect Cable (GBP/USD) to hit 1.70 :)

You cannot even answer the question you have asked. Oherwise you have inside info
of the France/Germany meetings. lol What a stupid question.

Thanks for the info

Erm, I think you will find I have answered your question

Time will tell, cannot see things going as well as you have stated. I hope they do though. Thanks ptholden.

Greece may need 60 percent bond writedown; EU at odds - I think with headlines like this tonight, there will be a lot of worries about Europe/ worlds economies for the future.
Many european countries are going to see downgrades of their ratings. Worlds unemployment is going to play a part. The USA has its own huge problems for the future, with debt, unemployment and a going nowwhere economy at the moment.
How is the world going to come out of this and when.

Who knows DC, it is but my opinion and has every chance of being proven wrong, have a nice weekend :)

Good weekend ptholden

Merkel expects euro zone breakthrough on Wednesday