This blog is about how the world stock markets perform and which way they will take next.I have developed my own technical tools during 30 years to give the investor early warnings for coming big changes in the main trends and for the trader to take positions before the markets react.
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16/11/2011
Dow closed Tuesday at 12.091.7 after a sharp selloff the last hour. Asia started with a drop gap taken DOW to a low of 11.936. When Europe opened Dow rallied on upside to close the gap and now the index is trading around Tuesdays closing level.
However the 2 hour trend is still down and this gap covering rally will soon come back down below the falling 21 and 8 MA at he 2hr chart at 12.042.
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