RE: BULL RUN for HBR21 Dec 2021 17:44
Interesting scenario . All it needs is a trigger so a fast sharp rise . Obviously it works the other way round too.
The rate of change of the cover will lead to the feedback loop . So lets hope we see a Santa Rally and risk on , today was a good start but we need those faster moving averages to push so momentum extends to 20 day moving averages etc . and upwards.
Am agnostic as to whether i go short or long but feel that if I were short or closed out a long ( 2 different things obviously ) I'd be close to cashing in as my closing ( if long form lower would have been at 400 ) as my short would have started at 400 too. So seeing profits diminish (should that happen) I'd close soon , tomorrow could be an interesting day if RISK ON and gas and oil looking pretty good to continue a move up. ( For Gas I look at GFS/UKMO/ECM (weather models) for a trend and if that cold blast arrives those prices will continue to be super high