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. Click all charts.
03/08/2012
DOW rallied the last hour Thursday to close at 12.877.2. Asia has moved the index higher and tested resistance point at 12.902 three times on the 2 hr chart which trend still is down but could change to upside before CET 12.00. If Dow should choose the downside the last support before a test of Thursday's lows is at 12.868.5. The big news for the day is the US payrolls numbers at 14:30. Consensus is at 100.000 new jobs. A number above could take the index very high. If the number is far below a big drop can occur.
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