Spiky uptrend

I posed the question on Friday as to whether the strong move up of the previous day marked the start of the larger Q4 rally I am expecting or whether it was just another wild swing within the choppy correction of recent weeks. The subsequent reversal has clearly raised the risk that the correction has further to run. I am still just about willing to give the DAX and FTSE the benefit of the doubt for now. Small intraday long positions remain the name of the game for me, therefore.