Yesterday's reversal day down on the Australian market foretold the events overnight in Europe and America. Dow Industrials down strongly -1.38%. The broader market was much weaker (see grid above). The Dow Transports down even worse -2.52%.London -0.96%, Germany -0.92%, France -1.02%.
Gold in Ozzie Dollars shot up in the past 24 Hours +2.1%. Ozzie Dollar -0.48%.
The Dow Industrial Index was rejected at the 13-Day Moving Average. The 50-Day MA now beckons. The second leg down that I warned about last week now appears to be unfolding.
Good luck
Red
Afternoon Red
ReplyDeleteAm a long time follower (hotcopper & blog) and wondering how, if, its possible to become an email subscriber as mentioned in some of your blogs in the past.
My email
rel_si@hotmail.com
Thanks
Simon