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Market Roundup - 22nd November 2011
From a technical perspective, all will be revealed very soon. There is a significant triangle formation in progress, the breakout of which will determine the direction of the market until Santa appears in the fireplace.
The case for a bullish breakout is strengthened by the fact that the triangle is forming after a strong upward thrust, which would suggest a continuation of the move. However, the NASDAQ100, which we would expect to be leading the charge, has remained in the doldrums for most of 2011 only briefly flirting with a break of the low 2400s in July.
Kevin Barry of the Traders & Investors Club will be discussing his market positions for the month ahead and explains why he is still unfashinably long the US Dollar.
Markets:
Indicies
Currency
Futures
Bonds
ETF's
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