Most of the indexes are just below or a little above earlier highs. Today starts a very exiting week which will show if the tops have been reached or a new and last leg will start or not.
The thin US markets with their computer traders in late afternoon in New York can move the market up or down as the few players want.These closes will then be the benchmark for Asia opening which is strongly up today on the US close. Not until Europe has been opened for a while the biggest indexes usually put the indexes in order. FTSE is the biggest and have lots of computer trading and often moves like the US indexes. My opinion is that DAX and SWED are the most steady indexes. They both show very strong up trends until close last Friday. Unfortunately SWED can only be traded 09:00 - 17:30 while DAX is open from 08:00 - 22.00. This means that SWED often opens with big gaps on up or downside. The positive things are that computer trading does not affect the index. Since all the world's big indexes use to move in the same direction, SWED and FTSE have been the first to signal big trend changes. In this bull market I think that SWED and DAX will be the indexes to first show in their graphs when the time has come to start the count down to next big trend change.
Since we have been in the last main wave for many months and Dax's steepness grade is in the last period it is just a matter of time. There are also indicators that points to a blow out on upside where the top will occur and other indicators points to the same top formations we have had 1989 or 2007.
The thin US markets with their computer traders in late afternoon in New York can move the market up or down as the few players want.These closes will then be the benchmark for Asia opening which is strongly up today on the US close. Not until Europe has been opened for a while the biggest indexes usually put the indexes in order. FTSE is the biggest and have lots of computer trading and often moves like the US indexes. My opinion is that DAX and SWED are the most steady indexes. They both show very strong up trends until close last Friday. Unfortunately SWED can only be traded 09:00 - 17:30 while DAX is open from 08:00 - 22.00. This means that SWED often opens with big gaps on up or downside. The positive things are that computer trading does not affect the index. Since all the world's big indexes use to move in the same direction, SWED and FTSE have been the first to signal big trend changes. In this bull market I think that SWED and DAX will be the indexes to first show in their graphs when the time has come to start the count down to next big trend change.
Since we have been in the last main wave for many months and Dax's steepness grade is in the last period it is just a matter of time. There are also indicators that points to a blow out on upside where the top will occur and other indicators points to the same top formations we have had 1989 or 2007.
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