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.
18/10/2013
DOW and SP500 Megaphone charts. We are closing in but question is if the DOW can get to 16.000. The SP500 charts upper line is drawn to current high and will be changed if we go higher.
SP500 line
SP500 bar
DOW line
DOW bar. Look at 2007 top formation and compare with 2013 top formation. To me they look the same and for the time being I am expecting the DOW to soon break on downside. If that is correct all other indexes will fall as well.
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