28/02/2012

DOW support at 12.979.1 held . Look at what happened.

Durable goods orders for January fell 4 %. DOW broke 8 hours trading range 13.011 - 13.030 on downside to a low at 12.976. Now trading 12.985.

All European indexes fell in the same pattern as DOW. News about durable goods in the U.S. makes every index in the world fall simultaneously. That is my evidence that how the DOW moves everyone else move during certain periods. What happens in the U.S. happens at the same time and pattern in Finland for instance




No comments:

Post a Comment