To change the bull market since March 2009 a monthly chart firstly must close below the 8 MA. Second the 8 MA must show signs to move sideways or down. The current picture of all indexes show strong continued up trends. The only chart that has a close below the 8 MA is FTSE. FTSE use to be the first index to show where the markets are heading next. FTSE daily chart shows a clear double top which most likely will get a daily cross next week. So far FTSE monthly chart is up and strong as all the others. Long term investors should only look at the monthly charts with 8 MA. There are no reasons to sell any index now. Just keep your long positions and wait.
For medium term investors the daily charts will show when a correction is about to happen but a cross on downside must be seen coming before short position should be taken. The 2 hr chart gives a strong indication when a cross is under way.
Right now we have a strong uptrend from all charts. The computers are always day traders and seldom hold positions over night. 95 per cent of day traders loose money.
For medium term investors the daily charts will show when a correction is about to happen but a cross on downside must be seen coming before short position should be taken. The 2 hr chart gives a strong indication when a cross is under way.
Right now we have a strong uptrend from all charts. The computers are always day traders and seldom hold positions over night. 95 per cent of day traders loose money.
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