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What do people think fresh all time highs means for the markets?


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Anyone got any views (technical or fundamental) on what the fresh all time highs means for stock indices and any other related markets?

 

I remain bearish long term but my thought is whether we will see only a brief peek above part highs or a significant and sustained rally now?

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Hy Mercury, I am not very convinced that the rally in the FTSE 100 is going to be sustainable, we could potentially see in attempt the 7000 mark, of which then I could see a change in overall sentiment. Given what is happening in Europe with the Italian banking system, that could spark some worries around Europe as a whole. However, on the 4 hourly as mentioned before, you can see very little bullish momentum, but on the daily and weekly still seems positive, therefore it does make it questionable as to whether their could be a retracement or continuation of the previous bearish trend.

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