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.
12/02/2013
DOW 1 hr 8 and 21 MA are building a bottom but there is no cross confirmation yet. This is just technically. The market can easily change this with unexpected news. But this is the big picture as well , actually 5 days. After the high Friday at 14.019.9 we have had a three wave correction so far and the last 22 hours we have got a small trading range within the big break out one. This range is 13.935 - 13.984. The bottom building should be ready just after US opens.
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