lundi, août 11, 2008

Bear market rally

The DJ Euro Stoxx 50 seems to be able to surpass the 3400 resistance zone.
As you can see momentum is still up and the buy signal validated by the TD sequential in July is still valid.(green arrow)
It seems to be too early to take profits on this bear market rally, as according to history,the average bear market rally last 2 months and delivers +/- 20% performance.



"click on the table to enlarge"

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