16/02/2012

DOW got a new 9 days low one hour after Europe opens. This low is below the rising 21 day MA, This has not happened since Dec 20. Yesterdays key reversal down and the falling 8 day MA can lead to a change down in the daily trend. However US traders use to lift the DOW so now it is just a waiting period how this will play out. SP500, DAX and FTSE looks the same. DOW still leads the indexes.


No comments:

Post a comment