23 Oct 2008

Wishfull Thinking or Successfull retest

This morning after 6am CET equityies markets globally were catching a bid. Wishfull thinking on yday's late move down and up in S&P? Is the market looking for a rate cut from ECB later today from their non-policy meeting. Just now we got 25bp more than expected from Riksbanken.



So range to begin with in VGA 2411 to 2461. I am still sceptical, but not aggressive short here.

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