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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24/10/2012
DOW broke 13.199.5 support point Tuesday to close at 13.103.2. Now trading 13.127 just before Europe opens Wednesday.
The six week sideways trend is now broken on downside but the weekly trend is still up. The daily and 2 hour trends are down. A test from below of 13.199.5 can happen. DOW has currently strong support from the rising 21 week MA at 13.115.
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