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UK Stockmarket 2009 and beyond
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Recent data have shown that the rate of economic deterioration is slowing, not just in the US and China, but across much of the developed world.
Confidence appears to be returning to investors and consumers, while financial markets are reacting to an upturn in risk appetite.
http://www.ft.com/cms/s/0/8803a2ce-4aa1-11de-87c2-00144feabdc0.html?nclick_check=1
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A strong pound is bad for exports0
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To be fair, the Duckster didn't specify which 29th !!!!!!'In nature, there are neither rewards nor punishments - there are Consequences.'0
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Quack Quack to be fair been a good day here,held WICH for 1 hour +25%
sold SPI +16%
Now wanting CRASH0 -
The quicker the economy recovers, the sooner interest rates will rise for savers?0
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A break out to the down side could generate a sharp move, as this would equate to a classic double-top reversal pattern as illustrated in the accompanying graphics.
The two highs around 4,520 currently act as significant resistance on the market, while the 2 reaction lows around 4,295, are currently acting as support.
A break to the downside would target a move to around 4,060, based on the premise that the market would move an equal distance to the overall previous range.held WICH for 1 hour +25%
impressive :O0 -
To be fair, the Duckster didn't specify which 29th !!!!!!Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0
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