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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