Could well be right dont think we will see new highs from FTSE and DAX though !
I am ready to pull the trigger. Don't like to build a position though now. I was burned last August.
Prefer to see first the downturn and then enter.
I know what you mean, we may see better entry levels for shorts, im short Dax and DOW with stops above recent highs, alot of people looking for that 1474 level in S&P we touched last year so they may push it to that and we get a double top
Oil had a nice rebound since yesterdays selloff (due to inventory data) although Marketwatch was touting all day how much US production increased due to fracking
That would be an ideal scenario. I'll pay for the beers
yes it seems a bit inside out at the mo
5780 will turn this market one way or the other...banks volume still a puzzle for me..
nice to see new posts...
VIX at lowest levels for 1 year at least, extreme complacency,
I think the bounce is for the shorts to charge in.
I'll try to go short around 13:00 UK time. There is usually a break in the daily trend at that hour.
Cannot believe the move in the Vix this year think alot of people bought it as protection over the fiscal cliff talks and had to sell when it was resolved, even so sub 14 is way too low im sure we will see it back in the 20's before march
Im sure all this bullishness will be undone when Draghi comes out with rates are appropriate. EurUsd will probably pop only to get sold into and stocks start to come off. But i must say selling into this uptrend a dangerous game for sure. But im doing it anyway !