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Wednesday, March 2, 2016

ASX joining in relief rally


The ASX daily managed to break above the kumo after breaking through the neckline inverted head and shoulders pattern. The 5000 level is a key level for markets. How long this rally lasts depends on global markets. There have been gains in commodities, financials and health plus other sectors which seems to suggest that this rally is quite broad based.


China has been quite good this week but just watching key levels. 


$RHC one on my bellwether stocks is headed to test resistance.


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