Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius


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Tuesday, January 31, 2012

FTSE and DAX daily

Both markets pulled back yesterday, giving an opportunity to get LONG AGAIN!!
However, reading a lot of blogs, listening to CNBC (useful as a CONTRARIAN indicator) it seems still that the majority

"don't trust the rally"
"forming a top here"
"Euro is a sell"

So it seems that many will have sold into recent strength and any weakness they take as a sign that the market is now going down.  Feels like the markets will do the opposite and are winding up for a fast break North!

Crude oil also breaking out above 100.5  see previous post here

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