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Mood!

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..

FTSE

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

 
 

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)


DOW

weekly
 

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


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

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