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Mood!

Wednesday, January 26, 2011

FTSE follow up

Well the FTSE is retesting that broken trend line.  Now what?  Well the DOW is above 12k, DAX is still struggling against the highs, and actually any selling it seems to lose momentum pretty quickly....

SO  my guess is this may turn quite quickly if any selling hits the US mkts.  having said that am long FTSE from 5907 trailing stop now at around 5976, any sudden fall and I will be stopped out...

A good trade may be long FTSE short DAX....

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