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

That's the one Stan. Thanks for the sentiment Toya. Heading up the west coast of India now (Mangalore) & not looking forward to the rough Norfolk weather on my return! I think if India, Pakistan & Bangladesh were to introduce emission controls for all of their vehicles, we could probably reverse global warming in a stroke!
Was hoping FTSE would start pricing in good Xmas retail figures, but maybe forecasts aren't good?

did you go to kerala? i hear it's a wonderful region

FTSE unable to lift through its 50DMA, 9 days until the chancellors autumn statement 05/12/12 and a continuation of UK austerity seen till 2018. My guess is resistance for the FTSE will sit at 5815.

Wall St on the other hand is taking bets that the US economy won't fall off the 'fiscal cliff' and as such no further downgrade will be received in the new year. Lets see if their still smiling by the end of the week..!!..!!

Positive manufacturing numbers last week came out of China.

And in Europe the Greek problem rattles on.

Last week was a retrace and nothing more in my mind, the trend favours the bull but in narrow ranges I feel. Looking to short the DOW this week I think.

Went from Chennai to Bangalore, Mysore then Mangalore, so sadly missed Kerala and also Ooty. Just can't do it all in one go!

Cable bouncing along it's 100ma this morning.

Eventually I have decide to go long on the FTSE @ 5790

Looks like bond markets are betting on a Greek debt deal, now theres an upset.

GfK German Consumer Climate 5.9 consensus 6.3 previous 6.1

Thanks Skinny - I was wondering why the FTSE suddenly headed south

nevertheless, dow is hanging onto the 12940 support, though the trading range is likely to be not much more than +/-50 pts, so i shall avoid for now

Currently short UKX @ 5793.3
long gold @ 1749

Out UKX @ 5789.7 + 3.6

Gold - Stop to entry for risk free trade.

12949.5 short bet in play

12930 position closed, narrow range today guys

12930 holds some support, lets see if it breaks...

http://rt16.it-finance.com/FinSpreadsFlash/showimage.phtml?id=39201d51268f85bb0a3c6fc7aac40ac54586613e1bae2b1f82fca4113cb9f1e9&type=png
Wall ST Daily above, black channel (bearish) marked being where I put the trend, note support lines within channel (green horizontal lines).

A bit crude.

Skinny, how do you manage to get my charts to show, do you save them somewhere else then think to where ever you've saved them too?

In chrome, I highlight the link you have posted, click on the 'go to http' option (which opens the chart in a new tab) copy the img url and post it thus :-



I know you use explorer which I haven't used for ages - I'll have a look later and post the explorer route - unless an explorer user would would like to!