- 20 Oct 2007 12:12
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
- 02 Nov 2007 17:27
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so what's bruin that you are so afflicted this evening? ..... clearly you need to practice yogi to clear the brain!
- 02 Nov 2007 20:51
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good day on gold has helped my mood.
better than the average bear booboo
- 03 Nov 2007 16:52
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in a more serious mode, Monday looks to be heading for another horror with news that Citigroup is in a real mess ...... i am currently long both FTSE and Dow but shall be closing those PDQ and quite probably reversing same.
- 05 Nov 2007 08:08
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and i did, though taking the initial loss (on the long positions) wasn't fun ..... very very slowly learning some discipline
- 05 Nov 2007 08:24
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stopped my long on fri evening, opened again this am, bargains out there first thing among the miners, but ftse needs monitoring closely. Am hoping the bad news has been factored in for now and other good deals will lift today for a while at least...
- 05 Nov 2007 08:36
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was too tired to wait for F/E to open or may have (been able to) closed before i did ..... personally, i don\'t like the feel of the markets at all, and am trying to gather up enough discipline to start moving my portfolio much more into cash or similar
- 05 Nov 2007 08:42
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Buy gold on weakness, I expect it to drop when us opens as further gains from last week are taken, will add then.
- 05 Nov 2007 08:52
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i hold POG as a good alternative to bullion ..... still well worth a look
- 05 Nov 2007 11:28
- 47 of 20975
"Bargains amongst the miners" well I thought they were first thing this am, getting even cheaper now. Just hope this is not a repeat of augusts sell off.
XTA now down at 100 day average.
- 05 Nov 2007 11:36
- 48 of 20975
Al. were down to 675 recently
- 05 Nov 2007 13:13
- 49 of 20975
don't confuse gold with copper, zinc, nickel etc .... totally different forces driving
- 05 Nov 2007 13:27
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- 05 Nov 2007 14:29
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Cable seems to have corrected today with little effect on gold price
- 05 Nov 2007 18:26
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i recommend regular viewing of the charts i posted at the beginning .... for instance, note that FTSE is now nestling exactly on 50 dma .... how Dow finishes tonight (pretty volatile at the moment) could well influenece whether or not this level is broken with any significance or a bounce instigated
- 05 Nov 2007 18:48
- 53 of 20975
Evening Mr C. Looked into the IG markets cfd platform, quite easy to use, once you get into it.
Am currently short at 6475 on the FTSE. Only a small contract but am keeping a watchful eye on both FTSE and Wall Street real time charts. My gut feel says this will drop tonight, by how much, well that's another question. 6440 would be a nice start.
- 05 Nov 2007 18:50
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Feeling uneasy about the markets at the moment, have gone to 30% cash and would go higher if opportunity presents itself. Will limit myself to taking small positions on the ftse 100, mainly short ones, as always it's just a matter of timing.
- 05 Nov 2007 18:56
- 55 of 20975
FTSE will only move relative to Dow during "closed time" ..... if you have the time and inclination to watch throughout the evening(s), the Dow (or S&P or Nasdaq) can be quite exciting or scary or even profitable to trade, depending on your mood.
if you are now using IG for CFD trading, then Damian is not bad chap to talk to with regard to index charts, but of course he only works UK office hours
- 05 Nov 2007 18:59
- 56 of 20975
did the same a couple of day ago on the ISA Porfolio. Interestingly my higher risk shares are bucking the downtrend, but don't mention the bankers !
Just looked at the charts - dropping nicely.
- 05 Nov 2007 19:07
- 57 of 20975
Thanks Cynic, will keep Damian in mind.
Am currently overseas on work stuff, so family won't mind if I am in front of a computer screen most evenings.
- 05 Nov 2007 19:43
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Just as the only guys who made money in old gold rush days were the sellers of picks and shovels, I think the only guys who make money out of Elliot waves are the guys who sell the books telling us all how to get rich using them... and yep, they are a wonderous hindsight tool. Still, no doubt we'll get an 'expert' tell us we're wrong. (again...)