16/09/2011

The indexes uptrend has now become a daily uptrend from hourly.

Dow, SP500 and FTSE closed Thursday at the top in New York in a strong uptrend which now has been upgraded to a daily uptrend from hourly.

European indexes show the same strength and all trends continues.

The Euro is also in a strong hourly uptrend.

Today's news that the two biggest central banks in the world will provide liquidity for three months to all commercial banks in Europe was greeted by all the markets with applauds which gave further strength to to the three day uptrend. How long this happiness will last is difficult to say but Fridays trading seems  to go on upside. After the weekly close I will tell what is likely to happen next Monday.

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