Looks pretty hopeless........there just aren't any sellers and the manipulators are consequently having an easy time of it. Looking back at the 98/99 Bull I note that the end of the penultimate phase was 06/07/1999 @ 6621 and maybe bourses will continue climbing to 06/01/2004 when, at least, there might be a few sellers knocking around.
Removed my DOW short last week for a substantial loss and concentrating on Puts in my SIPP for that one. FTSE maybe an easier target so holding a smallish (losing) spread bet short on that which I will probably only Add to around about the 6th......although I can now see FTSE going well past 4500 by that time.....but I certainly ain't closing when we must be a gnat's breath (time wise) away from a substantial correction. Can't see FTSE beating DOW's thus far 12.42% (with presumably more to come) in the current segment but it may surprise with c11.50% which takes the bastard to c4550 from the 4081 segment base. After all, the likes of III and the sponsor stock have still yet to put in a decent run in Q4 and until they do it may be wishful thinking to envisage a conclusion to this excessively optimistic rally.
P.S. Seasoons greetings and goodwill to all men can take a flying fuck as far as I'm concerned !
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