19/12/2012

DOW has broken main R and is now testing the first of 3 new R lines.

DOW 2 hr line now.

Dow has taken earlier R point and here a 3 new R lines. Same chart in bar below.




DOW 2 hr bar now. The tops has just touched the first R-line. If a break occurs there are no other R points but the ones of the charts. The trend is strongly up so a break of current R can occur with a rally to the next, very much higher.

EURO in very strong uptrend, now above 1.3300

EURO 2 hr now.








EURO week now.

NAS trend is up with a new high at 2.715.10. R points see below.

NAS day now.

NAS daily close R point is 2.718.96. See line.






NAS 2 hr line close now.

The 2 hr close R point is 2.716.10. Above is the daily Close R point.





NAS 2 hr bar now.

Daily high is 2.715.02 just one point below R.

FTSE in strong uptrend Tuesday but does not take a new high

FTSE day now.









FTSE 2 hr now.

Does not care to fill the gap Tuesday and rallies with the other main markets. Now waiting for the 8 MA to come closer to the trend and then eventually test the top to the left.

DAX takes new high and closes at the top Tuesday. Very strong up trend.

DAX day close Tuesday.

DAX is not traded in Asia and will open in Europe at 08:00.





DAX 2 hr close Tuesday.

DAX strong weekly R at 7.603.50 is taken easily with a gap Tuesday. That means that the climb to the top area is on its way.

NAS takes new high in the sideways trend Tuesday and is just below a new R point

NAS day now.

Holding below next R line which is at 2.710.96 and the bottom of the third wave on downside. The up trend is strong as you can see at the rising 8 and 21 MA soon crossing the 200 MA.

NAS 2 hr now

The top formation is waiting for the rising 8 MA before next move. The same as the Dow and SP500.

SP500 has started to move to the top area.

SP500 day now.

The index closed above last R point and the aim seems to be the top area.





SP500 2 hr now

The same picture as the Dow with no weakness so far.