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Mood!

Tuesday, September 21, 2010

BACK.....

Kids BACK to school...

Wife BACK to work

BACK to looking at the markets...

Starting off with some LONG TERM charts...

DOW JONES INDUSTRIAL ..The HEADLINE index (the one EVERY one watches, talks about etc)


The KEY level seems to be 11200 on the upside... 500 points away..
VOLUME doesn't SEEM to be confirming this move up.....

Many BEARS are DESPONDENT and some signs of CAPITULATION
Trading near the TOP of a channel..

DAILY CHART

Shows proximity to the monthly channel
Looking extended short term..pullback then a final move up to test that channel?

DAX MONTHLY




Also nearing RESISTANCE best seen on  WEEKLY and DAILY charts..


DAX WEEKLY & DAILY CHARTS


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