By www.thetrader.se [2]
So, let’s go back revisiting that great bull of 2012. Investors are once again massively bullish, and the latest to add to the uber bullish argument is Mr Biggs. As we mentioned yesterday, this is probably a big warning signal for the market. [3] Many talk passionately about the bull, but prices have actually not been that bullish at all. Looking over the past 30 days of action, many indices are flat or even minus in Europe (that’s where the problems still are). The uber bull we saw in January and February is clearly fading, at least when looking at some of the European indices. Is it worth the risk putting the money to work for the past 30 days with many indices at flat or minus, you decide.
MIB down over the past 30 days.
IBEX is down.
OMX, one of our favorite "risk" indices is down.
Dax is slightly up.
Charts Infront