20/02/2012

DOW and SP500 opens with a big gaps on upside Monday i Asia.

DOW closed Friday at 12.948.6 and opened Monday in Asia at 13.030. The fifth wave have now started and the target is the all time high in the 14.000 area. There are many resistance points on the way and the first is a weekly close at 13.052.5 from April 2008.

SP500 which closed Friday at 1.360.80 and opened Monday at 1.370.30 has not yet taken 2011 high at 1.376.30 which now is a resistance point.

The EURO opened higher as well  now trading at 1.3219.

The markets are pricing in a positive outcome in Europe today regarding Greece.
Wall Street is closed today for the Presidents Day.

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