snippets - week ended 10 july 09, page-13

What are the chances this is just an increase in volitility like we had last year around the world?

We followed the US (and Asian) market up, which also followed the major European markets up. For me this period feels more like the early part of 2008, and all that needs to happen to get the market down again is a series of bad news items, particularly if related to the financial markets.

But perhaps the charts and TA are more right than wrong and we are headed up again for the time being.

loki