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Topi new highs around the corner

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Not applicable
We are out of the starting blocks on our way to new highs here. Catalyst is for the FTSE to break the 5600 level, and then all roads will lead to prosperity (except for those who are short, of course)
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14 REPLIES 14
Super Contributor
Of course you 100% correct!
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Not applicable
This market looks like the ritalen is running low - it is ready to pop!
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Super Contributor
na looks like it wants to go to 40,000 on the ALSI
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Super Contributor
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Super Contributor
FTSE through is 5600, that a good sign we going LOWER....
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Valued Contributor
yip, less than 2% away from all time high of 33,335 on 14 feb .. bears be hating this ..
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Super Contributor
on the contrary... nothing a bear likes more than a double top and even better to put market in free fall from the very top = longer drop!
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Super Contributor
Another good call,or is it put?
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Super Contributor
1,000 points move in one day. and the VIX opens 14% up. Damn the volatility!
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Super Contributor
At least when the drop comes, it's bankable. The pattern has repeated many times - when one EU issue is sorted, the bond traders focus on another. So unless the solution-of-the-week looks like the final answer, I wait until we near the highs and then start adding ALMI shorts.

On the other hand, if it's in no-mans-land and the EU looks like they're ramping up an idea, long is generally a better place to be.
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Not applicable
is it recovering or is it just going to drop again..
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Not applicable
Just a gap close - with FTSE still to close its gap.
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Super Contributor
Watch the Italian 10-year bond. If it stays above 7% for an extended time, I'm personally selling the bounces. I sold some today, will add more when we get above 29500-ish. Seriously, bring on the all-time highs.
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Super Contributor
(Er...sold some = reduced position)
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