Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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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