From 2012 to 2015 the red 50 MA has never crossed the 200 MA but now it has a few days ago. Moreover the 200 MA is down. So from now on this falling 50 MA will be main resistance for a while. Any rally should be stopped there. The down trend will look like the way up from 2012 regarding the waves. The only thing to watch for is the falling 200 MA. If it is down the big trend is down.
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.
30/08/2015
DOW day 28/8/2015. The DOW has now a clear "death cross". See the "golden cross" 2012.
From 2012 to 2015 the red 50 MA has never crossed the 200 MA but now it has a few days ago. Moreover the 200 MA is down. So from now on this falling 50 MA will be main resistance for a while. Any rally should be stopped there. The down trend will look like the way up from 2012 regarding the waves. The only thing to watch for is the falling 200 MA. If it is down the big trend is down.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment