Swed30, FTSE, Dow, SP500 and Dax are still trying to build a bottom for an upside move. Negative news can still send them down however. Swed and FTSE looks best and could move up any day in the beginning of week August 15. Since all these indices use to move together I think a rally will start Monday - Wednesday. How far this eventual rally will go I will tell after take off.
If a move should come on downside but hold above recent lows that could be a good buying opportunity.
The total drop during August so far has been of the same length as the January 2008. Then the coming four months the trend went sideways and up. In the beginning of the fourth month the real bear market started with the best long term sell short opportunity.
Remember that the current bear market is here because the world economies are slowing down by the week. Instead of stimulance many governments have cut spending and employment on austerity plans. This happened last time during the 1930's and it took many years to get the economies going again. I see no possibilities to change the forcast for the current trend.
If a move should come on downside but hold above recent lows that could be a good buying opportunity.
The total drop during August so far has been of the same length as the January 2008. Then the coming four months the trend went sideways and up. In the beginning of the fourth month the real bear market started with the best long term sell short opportunity.
Remember that the current bear market is here because the world economies are slowing down by the week. Instead of stimulance many governments have cut spending and employment on austerity plans. This happened last time during the 1930's and it took many years to get the economies going again. I see no possibilities to change the forcast for the current trend.
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