Dienstag, 11. Oktober 2011

11.10.2011 - Is the crisis already over?

Today, the world is looking at Slovakia: the country will announce its decision against or for EFSF increase.

Greece will go bankrupt. Markets are volatile at the moment not because it is uncertain IF this will happen but WHEN. This means, the decision of Slovakia will not move prices as much as assumptions about it.

Dow Jones ramped up. Mid-August downtrend was crushed just as EMA-50. 

EMA-50 served as an price upper-cap for almost 3 months. So a crossing withholds a great importance, indicating a turn of events.

Prediction: A rise to 11.600 points, followed by a correction to either 11.400 or 11.100 points - both of which are representing supporting trend-lines.

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