Weekly Report 2nd March 2015:
Rate cuts and anticipated rate cuts are bit like QE, very stimulating for Equities.
2/ March /2015.
The XJO is clearly over brought in the short term, however if we go with what we see and not what we think. then there are higher markets ahead.
The XMJ Index ( materials) is very strong and starting to support a higher Index.
Candles marked 3 and 1 have failed to set a top in place, but now provide the support levels on any weakness.
The price target of 6200 is still in place.