04/05/2012

The DOW's close today Friday is very important for the daily and weekly trends.

The daily and weekly trends are still up. To keep these trends up Dow has to close above 13.233 in the US today. Thursdays close was 13.205. Asia have traded the DOW sideways and Europe will open in 5 minutes. The 2 hour trend is down but could soon turn up. Resistance lies at 13.219.8 and support at 13.177.7.

I will follow the markets at least until the very important US economic news at CET 14:30 and keep you informed

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