Monday, 10 October 2011

FTSE/Dow

Hard to know how to read the US indices after today's move but the Ftse still looks like a clear trading range unless 5445 taken out on a close



here is an attempt to corral the Dow into a pattern...I confess I was not expecting this move up on the Dow today. Both markets look overbought on RSI but RSI can remain embedded if a new upterend has started.


2 comments:

  1. Hi, I'm Cobra from Cobra's Market View. Could you please update my link? I'm now at www.cobrasmarketview.com, I've added you into my new site, hopefully I could get your updated link here in return. Thanks. :-)

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  2. Hi Cobra...no problem.My link is the same.Thanks and GL with the new site !

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