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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
Germanys Dax-30 is up 13% from its June 5th low. More importantly, it broke above the important levels of 6575-6585, presented by the 100-day and 100-week moving averages. The mid-point of 6580 is the overlap of both of these important averages. Such overlap is known as a level of confluencean important property in technical analysis. The fact that the Dax has risen 100 pts above this level, may allow for further gains, with 6895 in focus.
http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx
Ashraf
at least, i see downside risk on day/4hr chart.
http://chart.ly/dsosxsp
Mary poppins, i fly.
Stacking US Imports and Exports vs. Oil and S&P500
http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx
Ashraf
..Silver looks poised to tag along and break $26.00 support level..
Oil appears to be settling in range bound between $75-$95? for the rest of the northern summer...
http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx
Ashraf