This blog is about how the world stock markets perform and which way they will take next.I have developed my own technical tools during 30 years to give the investor early warnings for coming big changes in the main trends and for the trader to take positions before the markets react.
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DOW closed Tuesday at 13.110.4 after a technical rally. Wednesday's range so far at CET 12.00 is 13.069.4 to 13.108.4. Resistance points are 13.110.4 and 13.125. Support points 13.007.5 and 12.926.
Monthly, Weekly and Daily trends are up. The 2 hour trend has just turned down.
Asia and Europe have not even traded above Wall Street close Tuesday indicating that it was only a technical rally without substance.