26/08/2011

All markets are awaiting Bernanke speech for the next move

On Thursday the Dow and SP500 made a quick move up and hit the 21 day falling MA. There after these indexes fell the whole session to close just above the falling 8 day MA. . European indexes did not make the same rush up but fell to close beelow the 8 day MA. Asia trading has been very calm this morning.

Todays trading until CET 16.00 is expected to be slow and then a powerfull move up or down on Bernankes speech. The short trends are mixed.

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