16 Jan 2009

Eurostoxx Resistance 2325-2335

but considering the move yesterday in the US we should be able to get above there, but maybe not before after the options expiration today at 12.00 CET and target close to 2400.



But all the government intervention over night in with capital/guarantees to Bank of America, nationalisation of Anglo Irish, extension of FDIC bonds from 3 to 10 year, release of last USD 350bn of Tarp and more specifications of Obamas stimulus package is fundamental unsound and not equity market positive, so I remains very sceptical.

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