Short covering on no real news or events just a panic buy on wafer thin volumes. Some 'strange' bids on the USD/YEN (there you go conspiracy theorists!); which is convert Japan Goverment FX intervention (not official)
This may have sent index's higher also with commodity prices coming in firmer. But as usual Asia have overpriced risk trades again on thin volume (please refer to Shanghai Composite inverse market trend to the Dow, S&P 500 ).
If you are running with this all the power, but it's frenetic 'dumb' buying on low liquidity; so it will be gap sell down and hard. Fuck'em
Some dreadful EU bank news should come to the party as the ECB winds back it's Euro zone bond buying and a spectra of a hung Parliament in Australia after the 21st August 2010 election.
...sell signals will light up.
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