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

So which companies benefit?

Energy bill to boost clean energy production

The government's draft energy bill due out later, designed to encourage major investment in clean energy generation, could result in higher consumer bills, critics have said.

The bill is expected to outline long-term contracts to encourage investment in nuclear and renewable energy.

wonder if it will also mention LNG, as that is one of the cleanest

bit of a miserable finish in usa ..... pullback in london almost inevitable

Should reverse Cynners, expecting a day or two more up yet before the next proper drop.

Yesterday's gains wiped out! I thought someone said it should be going up today? ;o)

glad i missed the gloom though suspected it was under way as was playing golf in the hot sunshine

Looking for some previous last LH's to be breached for confirmation, but reckon its up from here...

well called as one hell of a recovery under way on Dow ..... with 30 minutes of trading left, only -40 after -180

looks like there were some vaguely positive mumblings from the greeks about staying in the eurozone ...... just shows how brittle the markets are

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chart guru reckoned ftse was a buy at 5240, which was the level it hit and is now 5315 and dow a buy at 12189, but it hasn't been that low (yet) - currently 12469 after 12309

My pointers this time were the NzdUsd and the UsdCad both hitting 5wave targets simultaneously. Will expect 3 wave (abc) pullbacks and thus some decent ground retraced on the markets before lower to come...

Not sure as to timeframes just yet, also don't know what form the pullbacks will take (flat/zigzag etc), but up we will go... Right now we are getting near the tops of some minor 5w advances, thus expect some downside soon, retracing some of this evenings gains...

Kind of like this, (and presuming its a 5w, not 3w of a flat);

So the above chart now appears to look like a 3move 'A' instead of the 5w (as suggested), this means a 3move 'B' back down for either a flat or irregular, before a 5w 'C' taking us somewhere higher than last nights high...

try that in english - you're sounding like tomasz!

Sorry Rich! My theory is that it no longer looks like a 5wave move for 'A', it looks more like an abc 3wave move (as per chart below), this means that the whole larger ABC move will be either flat or irregular (a 3-3-5). 'B' must retrace at least 61.8% of 'A' in 3 moves, (it can even make a fresh low, if irregular), before we get a 5wave 'C' to take us higher...

There, clear as mud?!



There's still a chance of the original chart, but it does appear that the 4th wave is disproportionate to the 1&2, (although overnight action could cause this)...
If so, we have a zigzag and much higher to come by early next week...

badbakht shodam agah, bala mire?

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reverting to the above ..... guru also remains quite bullish; however there will be some very uncomfortable weeks ahead as the greeks determine which way will be the least painful in the long-term and/or if they want greece to be of similar standing to ethiopia ....

meanwhile, the unelected EU bureaucrats will continue their merry self-important way on the juicy gravy train

same to mine PLEASE, helper1341@yahoo.co.uk
Cheers

Received mate. Also just seen something else which means a very bullish day today by close...

The Greece conundrum :-

Trouble is when you give an opinion, you have to back it up everytime you change your mind!
My current thoughts are with my original chart of last night. We have just played out an abc 4th, which was far longer in timescale due to overnight futures. We head up for a 5th and then back down in an abc corrective (probably tonight), this would mean much higher early next week, (as suggested above);