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by Ashraf Laidi
Posted: May 14, 2012 18:56
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This thread was started in response to the Media:

أشرف ألعايدي على قناة العربية -- 14 مايو 2012

Dax remains firmly supported and so does S&P500 but the latter appears more vulnerable to a technical break. Germany's benchmark index continues to close above the trendline support extending from the September 2011 lows. It also closes at 6577, just above the 100-week moving average of 6561. Meanwhile, the S&P500 may have broken below the September trendline support, but manages to hold above the 100-day moving average (1349). The index requires a follow-up/beak above 1375 in order to extend the rebound towards the next barrier at 1385 (55 DMA). To subscribe to our Premium Intermarket Insights, click here: http://ashraflaidi.com/products/sub01/