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.
08/10/2013
DOW week and day 06:25. The DOW is the weakest index. First we have the weekly trend down with a crossover where the 21 MA is strongly on downside and very difficult to get above and hold. The daily long term chart got the rising 200 MA in a strong uptrend below the trend and very difficult to get below now. The 50 and 100 MA:s are down and a crossover has ocurred today which is a very strong resistance point. This means to me that DOW is locked more or less to stay down. I think only very good company reports can help drive Dow on upside or a quick solution to the debt problems for America
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