[sharetrading] World Markets

 

US markets are sitting on a perch and even a reasonable sized fall <3PC> can bring about bearishness, whereas small dn mv <Increments of 0.2-0.5PC> cd be seen as an oppurtunity for buying in. Only a sustained 2-3 day fall lend some view on a direction, like a top has been created. There is serious resistance for DJI at 11000-11500. As well as good support in 10000 region. As of now DJI is abv TL's and is on a upward path................... If it maintains the same momentum, then markets are tragetting another 15PC higher in next 3 months.
EU markets fare better in chart pattern.
In Asia, ex Indonesia, Japan, India, Australia, all other markets do not exhibit good patterns.
Abe

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