17/04/2013

DAX day now, before the close at 22:00. The picture looks not very pretty at the moment. The US indexes looks much better so far because they does not even have a daily cross on downside. But DAX and SWED have got a long downtrend since the crosses came and they look really ugly. DOW, SP500 and FTSE are holding up fine so far in the daily diagrams. As I have said many times SWED use to show the way for all indexes and now it is accompanied with DAX. I see no possibilities for new highs in the US and expect DOW and SP500 to fall later.

DAX day 19:42.

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