25/10/2011

Here is a list of the critical resistance points for the indexes I follow.

The point are taken from the weekly charts. Only by getting above these points there might be a threat to the bear market. They are all below 61,8 % of the total drop from the High to the Low the last couple of months. I they do not take out these points the ongoing uptrend is just a rally which in due time will turn down and test the lows again. Even if they are taken out I will tell how the big status of that index is.

DOW          11.942.5        11.940  (High so far)
SP500           1.268.45        1.256
FTSE            5.685.71        5.573
DAX             6.448.88        6.084
SWED          1.053.68           984
IBEX            9.489.5          9.104
MIB            18.482.7        16.638
CAC            3.722.85        3.266

EURUSD     1.4115           1.3956

I will refer to these points as the critical point.

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