Monthly charts now of DOW, SP500, DAX, FTSE, SWED, MIB, IBEX and CAC with comments

All the charts are 34 months and each bar is one month. They have 8 months MA and 21 months MA. A Bear Market in my definition occurs when the 8 MA turns down. When the 8 MA crosses the 21 MA on downside there is a Definite Bear Market. A bear market can be reversed if the index moves very strongly on upside and forces the 8 MA to turn up. During 28 years I have never seen that. When 8 MA definitely will cross the 21 MA or has done so there is no way back for many months.

DOW is moving up and down the falling 8 MA and can change the bear trend.

SP500 is trading between the MA:s and have difficulties to get above the 8 MA

DAX, first chart below,will most likely become a definite bear market Dec 1. The same will happen to FTSE, second chart. SWED, third chart, is in a definite bear market and so are MIB, IBEX and CAC.                                                                                      
I do not believe that European markets will be in a definite bear market alone. The US indexes will follow according to fundamental factors that will be evident soon about the locked political situation and many other things which I believe will surface when the European debt crisis has lost interest in the media.

No comments:

Post a Comment