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Christopher Lewis
cacWEEK

The Parisian index fell during the course of the session on Friday, but should find support somewhere below. After all, we have recently made a “higher high”, and that of course means that we are still technically in an uptrend. We believe that the market should go much higher, because the CAC has been such a strong performer. The gap below at the €5120 level could be supportive, but we definitely believe that the €5000 level should be supportive as well. Quite frankly, we are only buying this market going forward as we expect more strength coming out of France.

 

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