27/12/2012

DOW has fallen 183 points 90 min before close Thursday

DOW day 20:30.

With 90 min to go before close the index has fallen 183 points from the high today so far. Dow has crossed the 200 MA and the 50 day MA is falling above. The break below Fridays low - the long bar no 4 to the left - is a dangerous sign for the next few trading days because the 8 day MA will continue to fall and the 21 MA will go sideways to down. However this is a Cliff reaction so we should not take anything for granted.

DOW 2 hr 20:30 before close.

The steep fall speaks for itself.

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