06/12/2013

SWED has opened unchanged from close but is moving slowly up. On Monday morning at opening SWED will be the second index to make a crossover - 8 MA crosses 21 MA which also is falling or will fall soon. FTSE and SWED will now probably show the way for all indexes. SWED has just tested its all time high from 2007 and was only a few points short. For now I see SWED as a big double top and I still think we have seen all the tops comparing with the other indexes. They all go together in the same direction when the down trend has started. Why I believe we have seen the top for all index now is mainly from the DOW with its exact stop at the 13 year top line channel.

Day 09:15










2 hr

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