28/10/2011

Friday trading in the Dow has been within 86 points for 16 hours, and four is left.

The Dow has traded between 12.149 - 12.235, which is only 86 points for 16 hours and the aim in the US seems to be to test Thursdays top at 12.284.

Dax has an intraday  daily doubletop at 6.433, now slowly moving sideways in the 6.340 area.

FTSE has a very strong resistance at 5.762 which was tested Thursday. Today the trend is down to the 5.685 area.

EURUSD is moving in a small range below yesterdays close.

I do not expect any big news so I will watch the trend now and then.

The big thing is Mondays close. Bull market or not.

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