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

oops not just uk gl

24 May 2012 Last updated at 11:29 Share this pageEmail Print Share this page

1KShareFacebookTwitter.UK economy shrank more than thought

http://www.bbc.co.uk/news/business-18187354

I've found a way of wrecking the Euro : everybody votes for Spain in the Eurovision Song contest,...they can't afford to host it as it would cost millions and would probably have to leave the Euro if they won so....there you go if you don't want the euro any longer just vote for the Spanish entry on saturday ! ole !...

lol rf cant be worse than our entry and make a change from nil point specialist norway the euro is finished imo though did you know 1 in 3 people unemployed in the euro zone are spaniards

It's a bit like the chaos theory ;.....a butterfly flaps his wings in Africa but it's the tipping point for a hurricane in North America....same with the Eurovision songcontest.....vote for Spain and it's the same thing....seriously...it seems that a lot of Spanish people are coming to Britain and working hard....good for them....Norway is a very prosperous country....with a huge national fund...I think that after China and Saudi Arabia it's the third in the world......they are savers not spenders.....(buy a few Faroe Petroleum shares)....much involved in that part of the world.....Spain has overborrowed.....so have we....but they have way overdone it.....perhaps bit by bit economies will come back.....the thing is not to go back to the massive overborrowing days again....

rf i agree i was in oslo a few days ago - all their revune well virtually all they have saved unlike for instance uk plc under labour for 10 odd years - let the chaos commence in these difficult euro times in fact it has already started
gl

Gibby ; a northern Euro currency would make far more sense than Euro for every European country,.....might sound good but it's crazy......how can small countries in eastern europe be put on a par with the likes of France and Germany with same values...rights to jobs...health..etc.....it's blinkin' nuts.......

Hope this is close enough for you Harry?!

Davai - 24 May 2012 10:11 - 8240 of 8251

'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...'



Update, so far so good?

rf i would rather be with the scandics who look after their own population than the idiot eurocrats who filfth money away through waste eg euro legislation, brussels, health and safety, various do gooders immigrants awful welfare system and people who milk it lets get out think of the cost immediate saving

dav good one sorry for delay just ate

Bankia shares suspended amid bailout request reports

Trading in shares in the Spanish lender Bankia has been suspended in Madrid.

The market regulator CNMV said it was "due to circumstances that may affect the normal share trading".

Bankia is reported to be due to ask the government for a bailout of more than 15bn euros ($19bn; £12bn) after a board meeting later on Friday.

It looks like a diagonal triangle on SPX/Dow, for our 5wave move. Could be something like this...

Look how easily the pattern changes hinged on the length of the (iv)th, its now likely to be an expanding diagonal;



I do have a system target of 1348, but watching with interest as we are in an ABC counter-trend move and thus i don't have enough evidence yet to call that with conviction... If it does reach that level, it will surely reverse thereabouts...

Markets are going to gap up on open...

The US, French, German and Swiss are enjoying a bank holiday today!.

But you can trade German shares!
Are you sure Germany is closed?

I didn't say they were closed, I said they are enjoying a Bank Holiday. :-)

i think the whole of europe is shut - pentecost is a big hol over there

and did not realise, but so is usa

Perhaps the countries have shut down but their markets are open. Spains IBEX 35 continuing it's fall.

The only market that is shut is the US - the rest have bank holidays (I think). :-)