13/07/2012

DOW rally at CET 15.30

The 2 hr trend have been rising and a rally up to the falling 8 day MA at 12.740.5 was not unexpected and was likely caused by an intervention in the thin market by the big traders since all the big news have been bad in the US especially the confidence index. But interventions do not always follow the technical rules so the trend might go even higher. Currently the Dow is trading at 12.724.

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