The steady uptrend is Asia seems manipulated. Why? Today is the most important day economicly since the European Euro zone member have said that they will present a complete plan to stop the current crisis.
In the details I think the resolution will be complicated and the journalists most likely need a day or more to understand everything and see the consequences. Market will react on the big things when the resolution comes. Anyway the market without a strong upward trend could not technically fall abruptly.
I will later in detail explain how you can manipulate a whole stock markets trend. It may be published in my second blog, http://olle-ahlmark.blogspot.com/
Now to the current uptrend. There is a last resistance point to overcome in the 2 hr chart, 11.846.3. If that should be broken a test on 11.940 top might occur.
The uptrend is steady.
In the details I think the resolution will be complicated and the journalists most likely need a day or more to understand everything and see the consequences. Market will react on the big things when the resolution comes. Anyway the market without a strong upward trend could not technically fall abruptly.
I will later in detail explain how you can manipulate a whole stock markets trend. It may be published in my second blog, http://olle-ahlmark.blogspot.com/
Now to the current uptrend. There is a last resistance point to overcome in the 2 hr chart, 11.846.3. If that should be broken a test on 11.940 top might occur.
The uptrend is steady.
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