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

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

U.S. rating likely to be downgraded again - Merrill

Walter Brandimarte, 17:57, Sunday 23 October 2011

NEW YORK (Reuters) - The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts

As stated above - Out of the range.

DOW toying with 11,900.

Thus far post 7228 proving to be on the money. Now will the DOW retrace back to old resistance at 11700 (or thereabouts)? I sort of hope it does as it should prove to be a good level to go long, assuming it doesn't drop through.

have banked some profits on ftse, aapl and goog, purely because a correction now feels overdue

Markets can remain irrationally overbought for irrationally long periods Richard!