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.
Click all charts.
DOW moves in a triangle since Oct 27. See picture beneath. 2 hour chart.
Right now Dow is in the middle of the triangle. It is also trading between a rising 8 MA and a falling 34 MA. Today's hi 11.991 and low 11.885,5.
It seems right now as if the 8 MA will not be able to cross the 34 falling MA so I think that the trend might break on downside during the day.