FTSE trend is down

FTSE day 13:48

FTSE 2 hr 13:49

EURO has broken important S and is now below 1.3000

EURO day 13:43

EURO 2 hr 13:43

DOW third wave on downside has started. Next S line is 13.860

DOW 1 hr 13:23

When US opens the big guys can start an unexpected rally as they have many times. The R line is if everything was normal but it is not.

DOW is working to get above the broken S line at 14.017.2. DOW trends are down.

DOW 15 min 13:12

DOW takes new low

DOW 2 hr 12:59

DOW sideways so far in Asia and Europe.

DOW day 12:04

8 MA is BELOW 21 MA which is a warning signal, but not big.

DOW 2 hr 12:06

U.S. stares down start of steep "automatic" budget cuts

http://www.reuters.com/article/2013/03/01/us-usa-fiscal-idUSBRE91P0W220130301?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29&utm_content=Google+Feedfetcher

Reuters latest explanation of budget cuts today