Wednesday, 25 April 2012

11am update - is that it?

So we have had a strong open, yet it is probably based on low volume, and there has doubtless been a lot of short-stop reverse cascade issues! As noted last Wednesday, the 'serious money' would have had good stops in the 1390/95 zone.I can only imagine the horror of those bears who have been stopped out, only to then see the rest of the day (if) we go lower.


So far, the 'line in the sand' is holding...just.

The markets reaction to the Bernanke this afternoon, could well shape the next few weeks, if not months of trading.

Good wishes