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

next question ...... assuming market opens at +120 as indicated, does it have more immediate upward momentum? ...... my gut feeling is not much and that there could be significant profit-taking before close of biz tomorrow

cynic - I think that's inevitable but I am hoping for quite a lot of blue initially. FTSE currently 5677/83

take that number as read, but will you be banking any profits at that juncture? ..... not sure of my own (re)actions, but hope i shall have the discipline to do so

Nor me - I'd like to think I'm going to be sensible and see this opportunity for what it is! I've had a short on the DOW @12018 as a small hedge. Eyes down I guess.

heavy overhead supply on the way

The Yanks GDP @1:30 today - should make for an interesting afternoon.

i forced myself to bank an adequate profit on RBS but put some of that into spivvy Baobab as they look to be trotting out good drilling results again and the shares are less than half what they were a few months ago

Euro is 1.4. UK should do the same to get to 1.8 levels.
Should be good for the market.

Even some of the tiddlers are having a good day - SXX and CYAN - both on news.

I'm not sure about the dollar holding up...lot of talk about the $ going up...but I think that it is heading for 1.7 against the pound or more with crude rising because of this rather than simply because of increasing demand.

The shorters can crash the market by 4% a day. When it comes to recovery, it takes many days to recover the lost money. Is it because we cannot rely on our leaders!

WHY?

Days ?....months...if not several years....

just shorted ftse 5700 a bit

.

yep harry thanks for little presentation.

Reuters, 19:38, Thursday 27 October 2011

Standard & Poor's has cut Cyprus' long-term credit rating by a notch to BBB

just adedd to short more at 5769

Europe's rescue euphoria threatened as Portugal enters 'Grecian vortex'

Charybdis?

The usual dilemma of whether this rise will continue or fizzle out today. Sell any stock now in profit, or buy more to ride the wave???