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.
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25/10/2014
DAX weekly close. As long as the 8 MA is up the trend is up no matters of kind of chart. Here the 8 MA will continue up for most of the week but the 21 MA is so far holding the price well.
Day. Still holding below 21 MA with two closes and at a very import resistance and support (R&S) area. As long as SP500 presses higher the DAX will follow
Day. The long trend is still down with all MA:s in order. Only the important up trend with the 8 MA , which will continue during next week, is holding the correction rally on upside.
Week
Week
Day
Week
Week. The whole picture tells me that higher close will be difficult
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