I haven't taken any positions today but i notice the DAX is on fire, currently up 2.75%.
Obviously bodes well for a strong FTSE tomorrow but we must be close to entering shorting territory tomorrow. I can see the FTSE going to 5700+, representing a good shorting opportunity.
I may be tempted to wait for a good spike up tomorrow and a medium term short entry position to hold for a few days as i do believe we will see some weakness in the first few week of 2012.
1 - eyeing up the Dax for a short as the rise is incredible, over 3% up now. Waiting to short around 6075 if it gets there. This has been a resistance level a few weeks ago. Will not trade unless it reaches here.
2 - order cancelled, shame as i only missed it by 0.2 points with the DAX topping at 6074.8 and would have been a few points up by now. Never mind, at least haven't lost anything.
Back tomorrow....
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