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Mood!

Wednesday, February 15, 2012

FTSE and DAX LONG term charts (MONTHLY)

While markets are trading at or near recent highs worth taking a step back with a look at the bigger picture, IE MONTHLY charts.

We are not very far off the all time highs.
MACD in both cases looks to be turning up (lagging indicator)
RSI is NOT overbought
SO on a LONG term view these markets could be ready to challenge the ALL TIME HIGHS.

BUT shorter term probably due a correction on the DAILY charts (click here)


DAX MONTHLY



FTSE MONTHLY


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