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Wednesday, March 16, 2011

Global Market in Trouble


Observation
1) Forming Lower Low - Bearish
2) Trend Line - Bearish
3) MACD - Bearish with red histrogram
4) RSI - Retracing ( Bearish)
5) Sto - Retracing ( Bearish)
6) ADX - Low momentum and bearish


Conclusion
If it break below the 11700 support the next support will be at 11580 (S1), 11468 (S2) and 10939 (S3)

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