Profunds index and sector trading

[was Steve]

Well europe has finally decided to come back from its holiday. In my notebook i wrote that the cac and ftse should play catch up to our thurs rally and were to be up a min of 1.5 CAC and 1.1% FTSE or their rally was in jeopardy. they did not meet the objecives. They both opened in green but have faded to red. imo this is anohter clue of the pending top that is being formed. We should get follow thru on yesterdays pathetic attempt at selling and finish red on all indexes again today, but a darker shade.
steve