23/04/2013

SWED. Why I am bearish on SWED. The weekly chart bellow shows the falling blue 8 week MA, that is the reason. During the next four weeks the 8 MA will fall week by week and there is no possibility to get above this MA. In 5 weeks time from about now you will see this MA at around 1156. whatever happens.

SWED week 01:29.

Always click on the picture so you can see exactly where the different MA:s are. Up to left you see in which order the MA:s appear in the small window. There you will also see the high, low and now in the window for the last bar.NOW test yourself and look at the top to find the 8 MA - which is the only one just now and read in the window MA 1.184.10 - which tells you that you can forget any rally up above 1.184. Since the MA is falling every new week and probably will be at around 1.156 in late May  do not even think of seeing SWED30 above that point. There will not be any rallies to the 1.200 area.

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