FTSE at 3700 and no winners.

Dithering_Dad

Hmnn, bit dismal watching the FTSE rise and not being part of it (except for my missus' pension that's still in equities until tonight).

When I see rises like today and I'm in the market I always expect it to suddenly drop just before close and I lose all of my money. When I see rises like today and I'm out of the market, I always expect it to keep rising forever and I get left behind.

Oh well, it's bound to drop back down again soon - the world economy has not suddenly been fixed by an interest rate drop. Wish I'd still been in the market though .

Still, I will heed the words in my signature below....

Generali

Dithering_Dad wrote: »

Hmnn, bit dismal watching the FTSE rise and not being part of it (except for my missus' pension that's still in equities until tonight).

When I see rises like today and I'm in the market I always expect it to suddenly drop just before close and I lose all of my money. When I see rises like today and I'm out of the market, I always expect it to keep rising forever and I get left behind.

Oh well, it's bound to drop back down again soon - the world economy has not suddenly been fixed by an interest rate drop. Wish I'd still been in the market though .

Still, I will heed the words in my signature below....

Oh well. If it's any consolation, I fear the FTSE will be below 3000 before it sees 5000.

sabretoothtigger

StevieJ wrote: »

US GDP down 0.3% (not 0.5), re the 5000, it is not whether I am right or wrong, it is having a valid explanation of why it may happen. To quote Thunderbirds ' anything can happen in the next 24 hours'
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAewsi3edRGY&refer=home

That link reads more like an autopsy , needs comparing to previous downturns I guess but hard to see how the market justifys rising even when it looks (far) ahead

Dithering_Dad

Generali wrote: »

Oh well. If it's any consolation, I fear the FTSE will be below 3000 before it sees 5000.

Actually, that is quite consoling, cheers Gen

Dithering_Dad

Yay! The FTSE100 is now tanking and is below where I sold last night. I am a GURU! I never had any doubt in my mind that the market would go down today. *cough*


EDIT: Damn, it recovered just before the market closed and ended in positive territory.

StevieJ

DD how is your pension doing? I think moving it in and out of the stock market (especially at the bottom) is quite a dangerous thing to do as phychologically it may be difficult to reinvest e.g. if you have missed an upward surge. Just be careful.

sabretoothtigger

Its rate of change has leveled off now, so does that mean its consolidating and will rise further or its tailing off before entering another dive.

I guess its a sign of strength that its held onto its gains but surely it will fall a bit before rising further

The all in all out idea might be better served by basing it off time as a stablising factor, gradually return 10% increments back to market, etc



For the record I think now is a decent time to take some profits but I agree with Steve, its always hard to buy at a higher price then you sold at. Though in theory if a share stays the same or similar price for a year then its cheaper then it was

StevieJ

sabretoothtigger wrote: »

Its rate of change has leveled off now, so does that mean its consolidating and will rise further or its tailing off before entering another dive.

I guess its a sign of strength that its held onto its gains but surely it will fall a bit before rising further

The all in all out idea might be better served by basing it off time as a stablising factor, gradually return 10% increments back to market, etc





For the record I think now is a decent time to take some profits but I agree with Steve, its always hard to buy at a higher price then you sold at. Though in theory if a share stays the same or similar price for a year then its cheaper then it was

One can never tell for sure but the fact that the DOW finally completed two up days and the markets in general are seeing buying into the close is a positive sign.
You certainly like your charts don't you?

WTF?_2

IMO there's got to be a further short term bounce in the DOW and therefore the FTSE also if Obama wins the election.

Unless you subscribe to the conspiracy theory that shares have been manipulated up in the last week or so to give McCain a better chance ......

sabretoothtigger

I thought it was Obama with all the money and it would take alot to fight the trend.
The markets should be rising with the fed (if you like, I guess that makes it bush manipulating) buying shares and providing direct loans, question is what happens when they stop buying and its left to normal guys to decide

You certainly like your charts don't you?

In theory they are supposed to show movement trends but in practice I guess you dont need a chart to decide on a price target and sell high ,buy low



Warning, this guy really loves charts:
http://www.trending123.com/seminar2/1-2-3-Bullish-Trend-Reversal.html