UK Stockmarket 2009 and beyond

uk_steve · 27 January 2010 at 7:33PM

Oh great here is me spent a lot today he!he!

oh well lets see what happens ;-) fingers crossed

tradetime · 27 January 2010 at 8:08PM

FOMC minutes coming, still holding the 080 - 085 level, we are wound quite tight here

tonygee_3 · 27 January 2010 at 8:21PM

Evening All,Things sounding a bit tense here,have some catching up to do,whats thoughts on THIS drop??

tradetime · 27 January 2010 at 8:40PM

Hey tonygee, no clue at the moment, we are currently imho at an important level, a break below 080 on S&P spells trouble. I do have the feeling as I posted above the correction is over, but that's just a personal opinion, no data or analysis to support that. My analysis says we can go either way. May have a better idea based on where we finish the day. Level has held well so far.

clairbear_3 · 27 January 2010 at 8:47PM

Looks like a gradual fall as opposed to panic
Think I will wait until panic sets in,say a 100 point fall,as this tends to stimulate mass buying.
Steve,think you have overdosed on Xmas sherry;)youll either join the Rich List or end up potless:eek:

tonygee_3 · 27 January 2010 at 8:51PM

Yes looking on a knife edge,may be a good idea to start picking up a few bargains over the next few weeks

uk_steve · 27 January 2010 at 10:51PM

:think:oh dear

easy come easy go if i got the timing wrong:question:

uk_steve · 27 January 2010 at 10:54PM

tradetime wrote: »

FOMC minutes coming, still holding the 080 - 085 level, we are wound quite tight here

what does (FOMC) stand for?

tradetime · 27 January 2010 at 10:59PM

uk_steve wrote: »

what does (FOMC) stand for?

Sorry, Federal Open Market Committee, often referred to as the FED for short, aka US Central Bank, responsible for monetary and fiscal policy. The equivalent of the Bank of England and the EU Central bank, but with a wider remit.