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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Wednesday, December 23, 2009

Possible bullish catalyst for year end rally?

Looking at JPM and GS ...

if they can break higher would give impetus to a new move higher...IF they break down, may stop the rally in it's tracks... 

Long with tight stop... possible reverse on a break down.

Sunday, December 13, 2009

Xmas charts..


Looks like one more push up to 5670 level possible, especially with the predicted "father christmas" rally. If break the mini channel a move to the lower side of the channel, IF that breaks then rally is over for a while.



DAX is forming a clear triangle, a clean break above 5800/5840 targets 6200/6350 (61.8% retrace of fall from highs)  On the downside it looks like 5580/5530 is key, followed by 5250 (50 % retracement level, and resistance/support)



Weekly chart show we are still near some strong resistance 10500 level, a clean break above this can target 11200, possibly ending this rally.


Daily chart shows a bit more detail..range bound for last few 10200 key on downside, 10500 key on upside.

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