Thursday, December 1, 2011


When markets are showing similar patterns usually reinforces the analysis.  The DAX also broke what now looks like a BIG bull flag on the daily chart.  If so, and referring to my trusted Edwards and Magee, the measured move would be to approx 7200 !!   
With a lot of skepticism in the market this could be achieved in the next couple of months.  6145 levels looks like the "OBVIOUS" resistance watching that but like FTSE not expecting a huge pullback..
Maybe strategy is take profits on half and wait for pull back to reload?  Unless very nimble shorting may be too much work

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