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

Greek government blinks first as foreign law bondholders repaid in full
Tuesday, May 15, 2012

The Greek government has made a last minute decision to pay back in full some foreign law bondholders who refused to participate in the country's debt restructuring in March. Greece is to pay €430 million ($550 million) to holders of a specific series of foreign law bonds which is due for repayment today.

The move may be seen as setting a precedent for other foreign law bonds as they become due, and is also likely to infuriate the vast majority of investors who did participate in the debt restructuring.

UK Ferrari sales somehow soar 31%

Thats skinny after his DOW trade !

The leg room is a bit restricted! :-)

I do have a primary target for the Dow;

it may be lower than that - 12175

Not sure if you got my message Cynners, i did send you a PM the other day!
Anyway, yes, indeed, things are looking quite dire out there...

Despite posting this analysis back on the 27th April, i have barely managed to make any money from the prediction. In fact the only money i made was on a pullback long!

In particular i'm well annoyed with myself having been short the Dow yesterday at 12708 and exited at -4, as i couldn't label the late morning's move...

Davai - 27 Apr 2012 19:52 - 8093 of 8191 edit this post

This is a possibility and certainly gives into next week for more gains, but i still keep my downside bias once a couple of levels are reached. Just a plan for now, but here's the charts; (i hope they are self explanatory!)

The Dow;

sorry MrD but nothing from you ..... send through the MAM system as AOL addy has changed

Hmmmm, i did! Ok will try again!

Well done the Italians! :-)

EUR Italian Trade Balance 2.06B v consensus -1.35B previous -1.14B

Merv the swerve at 10:30.

Bank of England cuts its growth forecast for this year to around 0.8% from 1.2%

Any more good news Skinny? -):

There you go Stan :-

BoE jacks up short-term CPI outlook, growth weak

UK joblessness falls unexpectedly, pay rises slow

Concerned about a euro exit, Greeks pull funds from banks

Oh is that all?.. I thank you -);

the only glimmer of light today is that the greeks are now moving back towards the centre (pro europe) having stared into the abyss and not liked it much

as a result, ftse having earlier indicated an opening of -98 is now ONLY showing -66

Always Look On The Bright Side of Life :-)

Davai - 15 May 2012 21:27 - 8189 of 8202

I do have a primary target for the Dow;



Update;

Well there you go...I never thought that we would have a double dip recession but ..hands up !...wrong big time....going from bad to worse...