Monday, March 1, 2010

Could this be a sign of higher prices?

The FXI is breaking out a inverse head and shoulders pattern this morning while the RUSSELL 2000 is breaking out a bullish flag pattern. This price action is very bullish on the back of the bullish reversal put in on the 5th of February, 2010. This confirms that we are in intermediate term uptrends now and that higher prices are likely in the near future!

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