Hi again punters. Lots of interesting posts again. You have all done very well.
Mower's Short Cuts.
General comment. Most markets are at or near recent or record highs. Will that res be to strong or will the bull keep running?
ASX 5528 (+67) Broken up from recent sideways channel. 5550 is strong res as that is the recent post GFC high. Any -ve lead from US or China could see it come back from that.
FTSE 6870 (+98) It was a long all right. Near heavy res. This is the 4th time at this level in recent months. The previous 3 resulted in a dip, and then come back.
DAX 10015 (+167) Again similar to FTSE. See chart.
DOW 17066 (+221) Still hard to keep down. BUT, back to the top of the rising channel. 3 times before in the last few months this resulted in a dip of approx. 150, and then a bounce. That has resulted in the channel. I could post a chart on that as well if some one wants.
Cheers
Mower
