Good morning
Yesterday the FTSE made a new high whilst American markets sold off. At this stage the FTSE continues to climb with little pull back. In a normal bull market/rally traders can short retracements and also trade the trend up. Under current conditions the FTSE is moving in a virtually straight line. This is not the norm and is a direct result of FED intervention. All we can do is go with the trend but be very alert for sell signals. Any clear sell signals we see can be entered at 50% normal stake which we can add to if the signal is validated.
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Wednesday, November 10, 2010
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