U.S. and European stock markets have been rallying recently, Is it because markets are hoping for a pause in the Fed's QE3 tapering?

1. Cheers2trade.com
2/16/2014
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2. Dow Jones (US Markets)
• Dow Jones has shown a tendency of jumping over resistance levels easily.
• Twice, the index paused and traded negative, but instead of confirming the
negative trend in next session, it continued to rally.
Just a breather, no
turning down
Easy jump over resistance levels
2/16/2014
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3. DAX (European Markets)
• Like Dow Jones, DAX too has shown a remarkable jump over resistance levels easily.
• DAX is forming a channel. A Gap up opening in next session or a negative pause?
Quick leap back to high levels
Easy jump over
resistance levels
2/16/2014
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4. The Dollar Index
• The Dollar index has been breaking below major support levels.
• It’s now dangerously close to its lower support of 80, the lowest since Dec
2013. Only a pause in taper could bring Dollar bears out .
Breaching major
support levels
Uh- oh !
2/16/2014
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5. Gold
• As opposed to the Dollar index, Gold has been having a short duration bull run. No fear of
tapering.
2/16/2014
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