well once again an overcooked US market hold up on more negative economic data
I opened my TA book last night and in the chapter on time cycles it stated that November to January are the best performing months for the market. Was a bit sceptical of this sort of thing in the past. Not any more that's for sure!
I spoke to a guy on the dealing desk at IG and he said fund managers go on a spending spree at this time of year to boost their performance bonuses
Its all making sense now!
AQA Price at posting:
$8.53 Sentiment: None Disclosure: Held