12/10/2011

Dow closed Tuesday at 11.416 having moved sideways thew whole session.

Dow moved sideways within 80 points Tuesday unable to get above 11.451. Europe will start in one hour. Asia took Dow down to a low of 11,320 with a gap which now have been closed. Now CET 08:10  Dow at 11.382. It seems to me now as if we soon might see a break on downside. The trading  is between falling 8 MA and rising 21 MA on the 2 hr chart. A cross on downside by the 8 MA might be the trigger. If the 8 MA turns on upside instead we will see a test of 10.550 I guess right now.

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