26/10/2011

DOW uptrend looks manipulated since CET 02:00 and it still is.

The steady uptrend is Asia seems manipulated. Why? Today is the most important day economicly since the European Euro zone member have said that they will present a complete plan to stop the current crisis.
In the details I think the resolution will be complicated and the journalists most likely need a day or more to understand everything and see the consequences. Market will react on the big things when the resolution comes. Anyway the market without a strong upward trend could not technically fall abruptly.

I will later in detail explain how you can manipulate a whole stock markets trend. It may be published in my second blog, http://olle-ahlmark.blogspot.com/

Now to the current uptrend. There is a last resistance point to overcome in the 2 hr chart, 11.846.3. If that should be broken a test on 11.940 top might occur.

The uptrend is steady.

No comments:

Post a Comment