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

12745 long again

THE HP write down $8.8B due to 'accounting irregularities' at AU. seems very strange - I think they only paid $10B in total.

12757 closed

Thats me done, Paragon covered now. New Walll St chart if anyones trading

http://rt16.it-finance.com/FinSpreadsFlash/showimage.phtml?id=7ca18328973e579713b9d37e0efd62e4fc4498af883b3a68fb9065f53493aa9c&type=png

FTSE has taken off like a rocket! Good job I wasn't short

Both FTSE and Wall St should recover above 200 DMA today and tomorrow, I think Thursday will have change of direction. Wall St lagging so should be easier to trade IMO..

In Ireland? :-)

Nice edit!

I was wondering why that sudden surge: a ceasefire between Hamas and Israel reportedly was "imminent".

Yes - its a start hopefully.

I doubt the ceasefire had much to do with it.

No - but it is, however temporary, a stop to the killing.

That it is Skinny, and I'm in full support of anything that could broker a long lasting peace in Gaza. Kofi Annan quit back in the summer due to security council frustrations with the UN's lack of conflict resolution. Has any progress been made since...

cynic - 19 Nov 2012 16:49 - 9668 of 9701
shortie - i recollect that 12740 was an alleged dow support .... that being so, you may like to consider shorting now it has reached that level

You must have had a moment Cynic, short against support?!?

http://rt16.it-finance.com/FinSpreadsFlash/showimage.phtml?id=8dcf738f66956349568f0fd63eadca7c7f343c3937cba1bc761907aea8cc8be5&type=png

Through 1hr chart resistance @ 12764 on Wall St. See where we close and if this line will provide support. Notice the 20 DMA line has also crossed 200 DMA on the chart might get some sideways action. Will use 12764 as my stop loss for any longs placed tonight.

can't remember! .... brain must have been fine burgundy driven as actually went long at 12766 somewhere around the close last night and am still holding that :-)

Well it's just dropped to 12746 Cynic - so I hope you're not gulping too much of that wine of yours!

It's dropping like a lead balloon - glad I went short earlier form 12780

Ah right - forgot Bernanke was giving a speech again this evening (our time) - hence the sudden drop of the over the cliff, as he was talking about The Cliff