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CAC revival

The French index could be worth buying again shortly
October 10, 2012

I believe that equities around the world are priming themselves for a substantial move higher, says Warren Firth at www.globalprimepartners.com.au.

France’s CAC 40 index has retreated four times from the key Gann-theory level at 4109, but has lately shown strength such that it might close above the even-more critical level of 3460. Buy a break above 3575, with a minimum trading target of 4040.