barjon
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"What's the time, Guv'nor?"
"A bit after 11606, dear chap"
Short Dow 18021.
Thought I'd get the ball rolling.
...., a difference of behavior between the European and American markets is not sustainable. There is a historical correlation between these markets, and the differences of merely casual and short-lived trend. Thus, a convergence between the two markets is expected, although it is not yet apparent whether this convergence will be made by a rise in US markets or a correction of the European markets. Not disregarding the factors that have driven the European indexes (and which shall remain valid even before a correction), it is more likely at this stage to be the European indexes to correct.
EUR/USD playing role here rather than anything else....
Also, it seems that DAX is becoming hedging vehicle for US stock market....
DAX just at the trend line pre-open...
11555 is the number....
dow neeeds to test the bulls in 18090 area