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

what a very ugly finish on wall street

fully expected ftse to open badly but not -120 as indicated at the moment

GDP figures are out today I think. (UK)

Yep - 9:30.

should settle down on these levels otherwise may be nasty

tomasz - hope you've abandoned your long game on ASC

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momentum below 5300 is the scary number to watch

nope :) but i managed to get smaller since i was expecting different ball game.. i think markets has to find just new range to calm down short term before next moves.. hopefully

btw DOW is mine short from 11845, got some space to go ..in theory

just me on the dance floor :)?

nah, I'm here too with a couple of longs :-) FXPO @ 295 and Dax @ 5895

Half a percent growth,.....don't tell me that the UK is going to have the strongest growth in the EC......possible as we don't have the Euro.....that might the solution for stronger and a quicker way out of a recession.....the Greeks are becoming a big, big problem....complete chaos that country...

NEW YORK (CNNMoney) -- U.S. stocks are set to tumble at the opening bell Tuesday (currently -200 DOW) after Greece's prime minister called an unexpected public referendum to approve Europe's bailout deal.

The Greeks are hardly likely to vote for the austere measures required, so what happens then? Do they not get the bailout funds, default on their loans, thereby inflicting not just a 50% haircut on bond holders but 100%, and/or leave the euro.
2517

I believe so yes (default and leave the Euro). The default would trigger payments of credit default swaps, banks would lose their money and some probably fail, massive chaos ensues IMO..

shrewd political move by the Greek PM, if the referendum is in favour of the austerity proposals it will calm the political unrest and the markets, if the vote is against then Greece leaves the euro and all sides will be happy except the holders of greek debt that will take the hit....... heads you win tails you win!

Just the odd 200 down then atm.

At least the greek PM has the guts to call a referendum on what is effectively membership of the EU whereas "call me dave" is too scared to do so.

covered short on Dow 11724.. btw papandreu should get shot.. f...r.

i'm glad Ftse survived 5400 level to the close..

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