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

Dow below 12,100.Looks like they didn't like AIG's update...I currently have no position.

who or what is AIG?
anyway, Dow trying hard to recover or struggling to stay above 12100, depending on which way you want to look at it

Would imagine we have determined a bottom for the day, just watching to see how far it climbs intraday, but a close near session lows could see 12100 failing for good...

AIG... All industry groups within the sector are lower. Multi-line insurance (-9.2%) is the main laggard due to the weakness in AIG (AIG 44.90, -5.78). Other insurance areas are under pressure, including life & health insurance (-3.3%) and property & casualty insurance (-2.7%).

rechristen/reincarnate you as Cheerful Charlie Chester (from same era as The Crazy gang with Bud Flanagan, Monsewer Eddie Gray etc etc)

I only said 'could'... lol

Just opened a bet sell at 12207...

are you not worried that they keep bouncing back from each piece of bad news?!

Dow is moving in a very narrow range tonight .... be thankful for small mercies and hope that it does not dive in last 30

it would be nice maybe a set up for FTSE 100 lets hope that .25% cut starts to come in to play soon .

london rate cut was like a wet fart!
however, Dow is currently trying to look enthusiastic for last 30 of trading ..... i have already taken a modest profit in that field, but would be delighted to be shown to have taken it far too early

i bet you would cynic ........;-)) keep an eye on oxb tomorrow

looks good cynic + 58.78

Got a rolling bet open so will just carry through till tomorrow with it, looks like I'll close at a loss but see what tomorrow brings. We're in the bottom section of the 12100/12300 margin so expecting it to break lower soon.

12231 close against 12207 short, -24 points, I can live with that.... Last time it went under 12190 considered buying to short again from higher starting point. Mind of its own Wall St. Considering going long on Morgan Crucible for a rise to 205, anyone else looking at Morgan?

OHM also looking like a buy, equity purchase though.

If you want to go long on gold : take a look at AVM (nothing sure) but I've noticed that when gold goes up so does AVM and in reverse, (good 3rd quarter figures)..., and it looks like it might want to tackle the 200p area !

The ole triangle is getting tighter by day, is the next big move just around the corner...???!!!

Short Term Dow

The Dow closed the day within a tight downward-sloping consolidation and is currently holding at the top of the pattern, as seen in the 5 and 15 Minute Charts. Watch 12,260 up, and 12,180 down for a breakout or reversal from the top of this pattern.

Medium Term Dow

In the medium term, we entered the Dow Short at 12,093 today, but lost 20 points on the trade. We are again out of the market and will watch 12,000 down, and 12,300 up; using 20 point stops and disregarding the Breakeven Rule.

The ole triangle is getting tighter by day, is the next big move just around the corner???!!!


Short Term Dow

The Dow closed the day within a tight downward-sloping consolidation and is currently holding at the top of the pattern, as seen in the 5 and 15 Minute Charts. Watch 12,260 up, and 12,180 down for a breakout or reversal from the top of this pattern.

Medium Term Dow

In the medium term, we entered the Dow Short at 12,093 today, but lost 20 points on the trade. We are again out of the market and will watch 12,000 down, and 12,300 up; using 20 point stops and disregarding the Breakeven Rule.

The ole triangle keeps getting tighter day by day, is the next big move just around the corner???!!!


Short Term Dow

The Dow closed the day within a tight downward-sloping consolidation and is currently holding at the top of the pattern, as seen in the 5 and 15 Minute Charts. Watch 12,260 up, and 12,180 down for a breakout or reversal from the top of this pattern.

Medium Term Dow

In the medium term, we entered the Dow Short at 12,093 today, but lost 20 points on the trade. We are again out of the market and will watch 12,000 down, and 12,300 up; using 20 point stops and disregarding the Breakeven Rule.

Very soon the 30 constituents of the DOW will change.
Bank of America & Chevron are in.
Honeywell & Altria are out.
Not sure if this may affect the DOW medium term as this will now put 3 banks in the DOW. (Citibank, JP Morgan & BoA)