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

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

Boy !...does that facebook float look like a short or what ?....never used it...and can't imagine who would want to ? and yet millions do.....companies say find us on facebook so ... massive company...amazing.....

i don't know what other papers say, but FT is unremittingly bleak

having contemplated my portfolio carefully, have decided that it is "tight" enough so all things being relatively equal, i shall just sit out this current horror story - and try very hard not to get tempted to buy by the inevitable sharp DCBs, as this morning

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i think RBS gives a good example as to why great caution is still the order of the day ..... though sp has risen nicely this morning, the order book shows that the buying is all from small PIs in lots of (significantly) less than 100,000 = only £20,000