26/09/2011

Dow and SWED above critical point but not safe yet

US cash market have just opened and started with a rally on upside. Future market Dow has made a three wave upside move to above critical 10.830.20. Swed has a strong one hour trend on upside in place. The likely hood is that the low will hold at least today.

German DAX looks very interesting now moving sideways and small risk for a downside move. Keeping an eye on it because if a broad uptrend starts, this is probably the index to buy but not yet.

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