Spreadbetting 2005

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ragstoashes - Wed, 28 Dec 05 :

Good Morning all. Yes short on sleep but very certainly short on DOW.. As most probably know I have been selling it eveytime it got near 10920/30ish.
I see 10700 very near term and at least 10400 in a January sell off with more to follow. That said there may be some very very short term move up. I think the intraday 10969 was the much heralded attempt at 11000.
I have loaded up with March and June contracts ( FTSE included). The yield curve issue should not be ignored and I know that a lot here concentrate on individual stocks with a passing nod to the indicies, prudence with that..., as always I have an open mind and will not trade against the trend for too long. I fancy there is a huge correction out there brewing, so for now my money is firmly where my mouth is....Best of luck


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