23/02/2012

DOW broke its intraday trading range Wednesday and dropped to a low of 12.911.6 and then closed at 12.937.3.

Today in Asia the trading has been slow with DOW between 12.916 and 12.952. The rising 8 day MA is so far a strong resistance point for all indexes and the uptrend is solid. I still expect a new test of the 13.000 area within the next few days. The 2 hour trends are now  sideways. Europe opens in five minutes.

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