Technical patterns

The market is close to an important resistance level as of this writing. De Mark believes stocks have more room to go on the upside, possibly close to the July levels.

It looks like investors are waiting the December 9 meeting of Merkozy. I am sure they will give us again some hope that the problem will be resolved. I am not sure they can beat the markets, however.

The people would rather accept higher inflation and a currency devaluation than the suffering caused by all these austerity programs.

But the bureaucrats do not agree. The Euro must survive. Really crazy!

More details in my The Peter Dag Portfolio , in Dag's Exclusive market Alert, and my free educational videos on http://www.peterdag.com/.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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