Waves, Patterns & Projections (2003)

Well I reckon this continued rally this week down to low volumes over the xmas period and when volumes return to normal next week the markets will tank as profit takers cream off the rises this week. I am well surprised by the length of this rally from November, but at the same time I have felt uneasy about going short. I see the dow pulling back 400-500 points before moving upwards again, but not till next week. The dax is screaming short at these levels and it will eventually get knocked by the rising euro.