Good Morning everybody. The 1st post of 2012.
The futures are up big. Yesterday DAX was up 3% and now about 1%. As usual, retail is betting on the wrong side, at least in FX. I wonder how many bears are short from 2011 and from what level.
The following chart explains all.
It is a contrarian indicator and project more gains in EURO and AUD.
Wish you a profitable 2012.
The futures are up big. Yesterday DAX was up 3% and now about 1%. As usual, retail is betting on the wrong side, at least in FX. I wonder how many bears are short from 2011 and from what level.
The following chart explains all.
Wish you a profitable 2012.
