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Mid-caps head skywards

The FTSE 250 is destined to make new record all-time highs
November 20, 2012

The FTSE 250 index is closing in on its all-time highs, with the prospect of yet more gains to come, says Ragu Dharmaratnam of Baselica.

A bullish continuation pattern is in evidence on the chart, which implies a break above 12200, targeting 14900. Go long on a weekly close through 12200, with a minimum target of 14900.