Friday, October 3, 2014


Most major indices managed to put in some hammers and small caps did even better with very nice gains. Same goes for the euro, it actually closed higher (at least for one day...). Even oil managed to close green after a loss of +2% earlier in the day (fake breakout lower?)

The question everybody is asking. Is this another buyable dip or is this just a dead cat bounce before we test the lows again or even go to new lows? Honestly, I don't know. But I would take profit on any shorts at this point and maybe wait for a couple of days to reassess the situation.

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