Thursday 26 July 2012

10am update - a gift to 'some' bears

A very annoying start to the day, with Draghi of the ECB making 'comments'. Clearly, everything is again fixed in the EU, and market is going to make new highs..right?

Err. no. For those with spare ammo, today is a gift to short at much higher levels.


sp'60min



sp'daily'5


Summary

I'm short already, so...am wrapped up in my flak jacket, and consuming chocolate to calm myself.

We've all seen this nonsense before..and it will probably last even less than the previous times.

For those chasing the open..and expecting >1380...good luck with that.