Thursday, 13 May 2010

Dow



We are at critical levels with the market poised beneath Murrey Math resistance 10937 (7/8 of 12500) and important moving aves,which appear poised to move into full bearish alignment.I put 10,20 and 50 on one chart and fib mvg aves 13,21 and 34 on the other.
Today is 13 (fib) trading days from the high.German market has broken above the ema's but is looking very overbought.

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