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

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...

Respite for the markets (for the mo!)

This is a perfect 5w count completed;



(inverse correlation to the markets)

Are we going to have 6 down days in a row?

Doubt that skinny, the above targets act as reversal points, so would be expecting a bit of relief for a day or two!

Is this jubilee tuesday a public holiday ?.....street parties ???....nothing in my calendar.....

Just seen your chart Davai - we had 9 consecutive down days last November and according to limpy, we had 11 in 2003.

Rf - no late May Bank holiday as such - but I think June the 4th & 5th are PHs.

Witching!