20/07/2012

DOW did not take a clear weekly high in the sideways trend Thursday

DOW intraday was just a few points above but closed down at 12.940.9. Asia has taken the Dow further down, now trading 12.900. The 2 hr 8 MA is down but the 21 MA is up which give a technical possibility to make a new test of the high later today. Most likely however is that Thursdays top will hold.

All other main indexes has followed DOW and I will review the markets before US opens today.

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