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
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.
Quotes
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
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