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Mood!

Tuesday, March 5, 2013

Finally a break out to the upside imminent

Are the markets poised to break higher..finally?
The consolidation has been longer than expected BUT
the downside has been limited
the weak longs are probably shaken out
the bears have been given some hope

so NOW the market may be ready for new highs

FTSE  4 hr chart
A break above 6426 and holding should mean a new high for the FTSE.
and eventually possible all time high



DAX

Similar to FTSE long consolidation after rally from November.  Again, despite only giving back max 4% the sentiment has been increasingly bearish.
Next hurdle for DAX is 7865



Euro vs USD

All currencies have been weak vs the USD recently. On the Euro daily chart it looks like some positive divergence creeping in.  Euro may be due for a rally, and conversely the dollar due a fall?



AAPL

still not getting any love and hatred increasing. 406 next support after that 380
Yesterday finally filled a gap
Despite AAPL falling NDX has been holding well, if/when AAPL rallies NDX has a bull flag target of 2900


Quick look at NDX


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