25/10/2014

SWED weekly close

Day. 50 MA is below 100. I do not believe in a new all time high









Week. 8 falling MA is holding

FTSE weekly close. Looks like DAX. 21 day MA is holding. Big picture indicates a rally in a bear market

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DOW weekly close

Day. Closed exactly on strong R line








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NAS weekly close. Strongest of the up trends

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DAX weekly close. As long as the 8 MA is up the trend is up no matters of kind of chart. Here the 8 MA will continue up for most of the week but the 21 MA is so far holding the price well.

Day. Still holding below 21 MA with two closes and at a very import resistance and support  (R&S) area. As long as SP500 presses higher the DAX will follow




Day. The long trend is still down with all MA:s in order. Only the important up trend with the 8 MA , which will continue during next week, is holding the correction rally on upside.



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Week. The whole picture tells me that higher close will be difficult

SP500 weekly close. The close is above critical 955. at 964.First check will be if SP can hold 955. There is a clear long term resistance area around the close.

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Week. The close is 964 and the cross is now clear.