Tuesday, 16 February 2010

Correction Higher In Risk

BOTTOM LINE: The anticipated weakness in Risk and related assets did not materialise, as risk corrected in a sideways, triangular way. That has likely been a "B" wave of the whole correction, and I now expect strength in wave "C".

Below is a four-hourly chart of the German DAX. I am surprised at how weak corrections higher in European indices have been so far.

No comments: