Thursday, December 1, 2011

FTSE daily update

After yesterday's post , the Central Bank action pushed FTSE through that channel.  Reading press and other media, there is still a lot of disbelief in the "rally", so am expecting a relatively small pullback, and another push higher before a more meaningful pullback...

Longer term it seems that there will be a lot of money looking for return, and the world will be awash with liquidity.

Dollar index broke it's rising wedge yesterday, so looking to sell dollars into strength (AUD, GBP and €)

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