The EU ministers will meet Thursday and Friday. I do not know when the decision is made public but I think the old rule - buy on the rumors and sell on the news - might happen. All European indexes are in a definite bear market technically and I do not think they will rush through the falling 8 month MA:s and close there. I expect at the most a move above this curve for a while but then the uptrend will be over.
Regarding DOW and SP500 the situation is different technically and they can move higher above the falling 8 month MA but my feeling is that they will not go up to 2011 tops and they will also sell on the news. This is my feeling right now so this outcome is not written in stone.
Regarding DOW and SP500 the situation is different technically and they can move higher above the falling 8 month MA but my feeling is that they will not go up to 2011 tops and they will also sell on the news. This is my feeling right now so this outcome is not written in stone.
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