New month where most are happy that October is over. Will we see a fast move to new lows in equities early in the month or will the positive sentiment from last week carry into November and delay new lows in equities until 2009 ?
The charts on Eurostoxx point more to the latter than the former.
But fast moves many times come from false breaks
Bunds had a difficult last day of the months
And normally that would be followed by an other difficult day unless bunds will signal even more bad economic numbers this week than expeced and a reversel in equity market sentiment.
One thing for sure .... this will be an interesting week !
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