Anyone scalping the FTSE Futures??

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Morning

Still pessimistic , tomorrow US prelim GDP , but bank holiday in Germany ...

All this risk and still they buy into the close. They must have 12,000 on their charts for year end to be this gung-ho.
 
With a bit more volume today, there's actually a pattern forming, not just random noise.
 
Dax is closed bank holiday for them tomorrow and the price is still going up ....
 

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I wrote something today on the subject of cycles in the market.

Oct 1987 - Black Monday (Global markets fell massively)
Oct 1997 - Asian Market Crash (global markets fell on correction)
Nov 2007 - 07/08 Financial crash (still recovering from it)

Currently there is concern in the markets over another tech bubble, there is talk of a London house price bubble (with Lloyds and RBS now cutting mortgage lending to 4x earnings) and the VIX reached a low not seen since November 2007!

It's all shaping up to be a bit gloomy. Come 2017 I think I'll be short :LOL:
 
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