Although I am bearish in outlook, it is impossible to ignore the way the charts are showing strength at the moment. Couple that up with China pumping massive stimulus into its economy in January [FIVE PERCENT OF GDP IN ONE MONTH ] and everything is still breathing.
The thing with stimulus is it works well the first time, less well the second and not at all the umpteenth.
Short Term Trading Week Starting: 18 Feb, page-53
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