Beside Dow's huge decline, I don't like DAX( Deutscher Index Gemany)'s chart too. Its major support broken and I do expect a "steep" downside target if it can't trade back close above 7050.
Wednesday, August 3, 2011
STI Support 3150(20ma)
STI will probably continue its retracement to test its 3150 support today, the next support is 3120. My bullish view will change if it closed below 3120.
Beside Dow's huge decline, I don't like DAX( Deutscher Index Gemany)'s chart too. Its major support broken and I do expect a "steep" downside target if it can't trade back close above 7050.
Beside Dow's huge decline, I don't like DAX( Deutscher Index Gemany)'s chart too. Its major support broken and I do expect a "steep" downside target if it can't trade back close above 7050.
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