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Mood!

Thursday, March 19, 2009

More charts...DOW and DAX



Dow ..after yesterdays moves at crucial point...DOW closer to break out, though yesterdays rally smacked of large short covering. today may see more of the same..but a pull back is imminent...so no chasing it...HOWEVER if we get a pullback and a rally through that trendline 8350 to 8500 looks likely..

At the moment looks like a pull back should be bought...1000 points straight up... 1/3 back down?


DAX

Not so strong...needs to clear 4300 for a chance at4700-4800. Entering resistance zone now and trendline resistance at 4250 ish..

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