Still in squeeze mode. Traders shorting the rallies got some good feed back at first, only to get run over by the stampeede towards closing. No real futures buyer today, but squeeze in individual stocks. Vestas putting up big gains as well as HM B, ERIC B, ATCO A (at first, sold off a bit in the end). Defensives only weak spot really. From the looks of it there is going to be a reversal of initial bearishness in the US. Markets rallying off lows in a hurry. Last hour of US trading is just a toss up. More often than not, trends completely reverse and big moves in the opposite direction on low volumes have been the norm. Healthy...if you are a big fan of contrarian risk taking. My take for tomorrow? I think we are finally selling this rally, not pushing through lows to get a higher bottom. Something for mid term bulls and short term bears to be happy about. Win-Win.
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