Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
— Marcus Aurelius
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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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