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

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!

Just not happening today is it .

Hope somebody made money from this, i was trading elsewhere!

Davai - 18 May 2012 10:58 - 96 of 98

Get ready for a small pullback on the Dow;

12,500, 138.2% fib obvious target. Round number and was support yesterday, therefore, def resistance today

chugging south once again .... MrD - still no e from you

placed a small long on limit on dow earlier with 30 point stop loss. got hit and now in long at 12388. spread bet with guaranteed stop as i wouldnt normally do such a trade on a friday evening. bit bored so thought id give it a go. had to give up a few points on the spread to get guaranteed but then it is friday and who knows what might happen in next 2 days.
or even in next 10 mins with dow.i did calculate the risk reward potential and having a guaranteed stop thought it worth the risk.current price , as i post 12366. oh dear!
good luck and regards to all
jkd

well since my last post i did actually manage to recover into a profit .
price moving up to 12406 and now falling back again, currently at 12359 as i post and i have been stopped out at a loss. it happens.
regards
jkd