jeudi, mars 22, 2007

DJ Euro Stoxx 50

After the quick &sharp correction a couple of weeks ago, markets were trapped in a narrow range for a while.
We are now breaking out of this range on the upper side (double bottom pattern-see hourly chart) looking for a retest of the 2007-highs.
The target of this pattern is above 4300 (4% upside potential)
Let's first see what happens near the February 2007 highs, because the previous support is now resistance on the daily chart.

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