Monday, November 25, 2013

GLOBAL MARKETS

Hi Friends,

Lets look at the Global Markets which are Ready for a Long Term Trend Change.

DJIA

DJIA
As mentioned in my previous post DJIA seems to be in Expanding Pattern. The Rally from 2009 Lows looks a Corrective Rally and not a Directional move or Impulse.

The Rally seems to be in its final phase with Intermediate Degree (Y) in play. DJIA has Strong Resistance near 16100-200 and upside looks limited. Break below 15300 will indicate medium term trend change. And break below 13670 will invite a huge downside back to 2009 Lows.


DAX
DAX

As mentioned in my previous post Germany DAX seems to be in huge sideways pattern since 2000. Currently it seems to be in Cycle Degree Wave 'D'. With Z underway inside(Y).

DAX seems to in final leg of Z and upside looks limited to 9300. Close below 8500 will be Indication of a next leg downward in Cycle Degree 'E' Wave which could take the Index towards 5000.


FTSE 100
FTSE 100
 As mentioned in my previous post FTSE 100 seems to be in huge sideways pattern since 2000. Currently it seem to have completed Cycle Degree Wave 'D' With Intermediate Degree (Y) seems to be complete at 6875

FTSE 100 may not have much upside potential above 6800 in wave 2. Break below 6600 would be initial indication of start of minute degree wave 3. Close below 6300 will be confirmation of a next leg downward in Cycle Degree 'E' Wave which could take the Index towards 3800.


Thanks & Regards,

Harsh Dixit.

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