27/02/2013

DOW closed below R line at the bottom on 2 hr chart so this spike could have the new high at 14.104.8 as a difficult new top to take out

DOW day Wednesday close













DOW 2 hr Wednesday close.

Observe the close at the bottom which is called a spike indicating difficulties to take a new high














DAX looks vulnerable

DAX day 12:35

The 21 MA will continue to fall and 8 MA could easily turn down instead of crossing 21 MA this week.







DAX 2 hr 12:37

2 hr 8 MA is down and it is not far from bottom break

SP500 is now in a daily down trend

SP500 day Tuesday close

The index will open Wednesday with a cross on downside.

DOW close Tuesday. Direction for Wednesday unclear

DOW day bar

Dow did not manage to reach the cross.








DOW day line











DOW 2 hr Tuesday close

Trend still between rising 8 MA and falling 21 MA