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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Tuesday, June 19, 2012

DAX and FTSE bottomed, and breaking higher?

The DAX and FTSE look to have bottomed and now heading up.

Maybe it is just an extended correction of the move down, but also the €/$ has found support despite the NEGATIVE news with Spain, Greece and Europe generally..
IF they maintain bullish trend ...BUY corrections!!

DAX needs to break above 6430
DAX retraced close to 68 % (Fibonacci) of the rally from Oct 11

FTSE daily

Looks stronger technically than DAX as it has broken above previous high at 5585
FTSE also looks like a double bottom formed.

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