Friday 21 September 2012

Market indices 20/50 dma - UK and Dax - update 25

It's been a quiet week on the markets which can often be a signal that something is going to happen one way or another fairly soon.  Consolidation or quiet periods are often resolved by a breakout, just a question of up or down. Right now the simple 20/50 dma upward momentum is still there and as mentioned a while back in this series of updates, once that crossover happens it can go on for some time.  The current move is a good example of how despite all the volatile bad news that may well have shaken some out and given bears hope, this upward trend has remained  fairly solid. Crash calls have come and gone as they always seem to. This trend will end at some stage, but we are now heading into a period which traditionally is good for stock markets, has this trend got the legs to take us into the usual santa rally and new year? It's a stretch, but we could still get a pullback like previous ones seen on these charts, but the trend stays intact as long as the 50 dma is not pressured for any length of time.

FTSE250



TechMARK

FTSE100

Dax

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