Wow...an exciting day today,with a late rally in the US markets.My take is the trend is still down and I covered shorts (Dax,Ftse ) today but will be looking for an oppurtunity to re-short Europe and maybe buy Vix.Great day for shorts in the softs...coffee,cocoa,soybeans....the trend is your friend.Ftse looks like 5100 needs to be tested but I think lower is likely.The weekly candles are a great "noise remover"