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

Davai is there a good 'idiots guide' anywhere for Elliott Wave that you know of?

sock it to 'em davai ..... keep confusing them (and me!) all with loadsa goobledegook and science lol

jonuk - best idiots guide is to throw your hands in the air and let someone else do the work and explain it to you ...... you can then follow or not as you choose :-)

I'm with you on that one cynic :-)

Yes that's one option! In the meantime this pic shows a bit more than I understood before!

Link to massive pic of elliot wave formations

Chillax davai, I love yr charts, but it's easier to label the waves after the move than it is before the move, which kinda means predicting each wave count is meaningless. Anyway you're posting stuff with entries, stops and targets with the reasons why which is more than can be said for the majority of share site posters. Credit

Next £/$ target = 15750 yup

Cheers, chucks!

So my simplified version didn't really simplify things at all did it?!

Ok lets try again...

open a chart, timescale to suit yourself, if its lower on the left and higher on the right, buy the pullbacks...
In the event of the opposite; sell the spikes!

Had to laugh;

jonuk76 - 15 Jun 2012 15:24 - 8402 of 8405

'Link to massive pic of elliot wave formations'


)))))))

bullshit baffles brains!

Looks like the greeks will be dominating the news early next week. Banking stocks will either surge or fall back sharply (depending on their exposure to greek debt), depending on election result. Does anyone know how long it takes before they have finished counting and ready to announce?

would expect markets to have a strong indication at opening .... now you know why i banked my RBS profit yesterday!

Harry :-

Sunday's vote

Voting begins 04:00 GMT (07:00 local time)

Voting ends 16:00 GMT with exit polls released immediately afterwards

First official results expected after 18:30 GMT

Campaigning ends ahead of crucial Greek elections

Cheers skinny.

Expecting dem pounds to have a rest and revisit 15600 before trundling up to 16100. Yup

Greek exit polls neck and neck so far between New Democracy and Syriza - http://news.sky.com/home/world-news/article/16248530

..Greek People 'Have Voted For The Euro'
Sky News – 24 minutes ago....Greek People 'Have Voted For The Euro'
....The Greek people have voted in favour of staying in the euro, New Democracy leader Antonis Samaras has told reporters after his party were projected to win the election.

it was still a very tight vote, but the markets will be mighty relieved .... that said, this result seemed to have been predicted by the markets last week and assuredly the greek and spanish problems remain far from resolved

Doesn't matter which party has won, Greece can never pay back the money they have borrowed, so default or leave the euro. I very much doubt the Greek people can take any more austerity either, which will be required, so more trouble ahead

Markets may be putting a positive spin on this in which case $ may weaken further in which case we've got a pound breakout. Will have a wee look see in the morrow.