Tuesday, 18 September 2012

short-term bounce possible from support from old highs ? Long-term chart shows huge trendline resistance in 5900-6000 area.

Note also the rising wedge on the hourly CAC chart,with price almost at the 3600 level mentioned a couple of weeks ago


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2 comments:

  1. Anonymous18 September 2012 at 12:14

    "Incredibly important morning going forward for our indices." - Dave Halsey from this morning's video.

    Big day shaping up. Shakeout, or trend reversal in progress? I've posted a couple of primers starting here (http://highrevsopenhouse.blogspot.com/2012/09/a-very-disturbing-price-pattern.html#comment-653510639 ), with the link to Halsey's morning video.

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  2. Chartrambler18 September 2012 at 14:31

    thanks HR,will check it out.A leaning to another push higher ,maybe a top later in the week but European counts a little ambiguous here

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