Topi new highs around the corner

[#1]

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)

[DEP]

Of course you 100% correct!

[#3]

This market looks like the ritalen is running low - it is ready to pop!

[sponono]

na looks like it wants to go to 40,000 on the ALSI

[Russ]

Well,ftse through 5600.

[DEP]

FTSE through is 5600, that a good sign we going LOWER....

[SimonPB]

yip, less than 2% away from all time high of 33,335 on 14 feb .. bears be hating this ..

[john_1]

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!

[barry_1]

Another good call,or is it put?

[sponono]

1,000 points move in one day. and the VIX opens 14% up. Damn the volatility!

[richardw]

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.

[#12]

is it recovering or is it just going to drop again..

[#13]

Just a gap close - with FTSE still to close its gap.

[richardw]

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.

[richardw]

(Er...sold some = reduced position)