WOW... what a relief rally.
For those who do not know - yet... The Europeans have apparently come up with a plan!
Although this rally is huge at 2.5%, I would like to see it break the daily 200MA. This puts the previous model in some distress as the 200MA has been hit super fast, unlike in 2008.
Let's see how it goes before I make an analysis update... I do wonder if today will close over the 200MA, that might be telling.
27 October 2011
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