18/11/2011

Friday stock indices have moved above yesterdays low but very little. Now SP500 and FTSE is both very close to take out yesterdays bottom. If this occur a substantial drop can occur

However DOW is still holding above 8 weekly MA so a double bottom could well occur Friday in New York including FTSE and SP500.

Before US trading next Monday I will have an outlook report ready.

Have a nice weekend

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