23/12/2011

DOW and SP500 open in Asia with a gap which will force Europe to jump start.

Dow closed Thursday at 12.171.8 and opened at 12.233.3 in Asia, currently holding that level. Dow's high is 12.297.9 which can easily be taken out Friday. If that happens the monthly and weekly downtrends could be changed for the DOW.

SP500 closed Thursday at 1.254.09. Jumped to 1.262.08 in Asia which is still holding. The weekly downtrend could easily be changed Friday.

Very small movements could change the six month old downtrends for these two indexes. A very exiting trading day will start in Europe at CET 09:00.

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