.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
.


The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Saturday, 27 February 2010

Dax-2 different perspectives



European markets definitely look weaker than the US and we are approaching critical levels.I have posted charts reflecting 2 different perspectives of how things might turn out.I suspect for the bullish outlook to develop we need to see the euro rally against the dollar,and the euro has reached a potential support level (0.618% retracement)Nevertheless the weekly candle chart still looks bearish and we have posted a monthly bearish engulf in January.Yearly cycles are approaching,and the 200 dma is potential support,so contrary headwinds !!
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)