15/02/2013

DOW month. The big picture. My thoughts now.

DOW month Friday 12:46

Half of the month has passed and February's bar is the smallest bar for many years - only 189 points long - and is currently trading in the middle and it takes place at the all time high close at 2007. Trading volume sank 2012 very much and it is still low. The last 11 days Dow has held within 189 points saying that only day trader professionals are in the market. In that case any big player can easily move the small trends on the chart in the "wrong direction". No one knows how long this will continue. Technically the DOW is too high above the 8 and 21 month MA's. The big fundamentals news are in and there are right now not very much in the pipeline.

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