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Gingerbeer

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29/07/14

18:23

Post #: 13733402
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Originally posted by martis ↑

Thank u loki..I think lol ... The 2 money printers that were leading the markets higher DAX and DOW are starting to show signs of weakness the DAX is only 100 points from its critical support level ..IF 9500 is breached 9000 comes into play..there after the technicals for the DAX change significantly imo
The DOW as u know has formed a mother of a broadening formation..the broadening formation is still in play...IF the DOW does not clear its all time high and hold it shortly the formation would most likely play out imo..the next few weeks are very important for the DOW ,DAX and the global markets...IF and I say IF the DOW cannot maintain the 17000 ...DOW 5000 comes into play on the technicals and imho.

To conclude i have pulled away from the flavoured sectors and have settled into a few BIO's with tight stops...as I do believe the markets look ever so tired and a ominous sell off is due in the not to distant future.

God bless.

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Time to make millions shorting the banks great man?

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