Well with the markets dropping like a stone today it took my meggit position with it. I think it looks like it might be time to sell the remaining shares we have as well. Other than my Meggit position stopping out there is not much else to report today. I’m struggling for time at the moment and I think if I look for more trades I’m probably just lining myself up for a fall.
I have to say I’m not very encouraged by the news about the state or our economy and the economy in the US. I suspect with the FTSE failing to pass 5430 over the last few days and falling like a stone today we could see further falls over the coming days/weeks. How far or even if it will fall I don’t know and nobody does, but I will certainly be keeping my eye on things and try and wait for the right time to start buying or selling , just depends on what happens.
I’ve been looking more at the super trend indicator but I can’t really find that much information about its construction or potential use. If anyone has any information about it what so ever please let me know.
Anyway That’s all from me today.

Until next time
“May the markets be with you”
Spread Betting Beginner

August 11, 2010 by Harry
Category: blog