Thursday 2 February 2012

WORLD MARKET UPDATE- 2 FEB 2012 WORLD INDEX TECHNICAL ANALYSIS

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DOW JONES : AGAIN WE ARE WRITING -DOW JONES ABOVE 12400- NO PROBLEM FOR BULL,IN THIS RALLY WILL TRY TO JUMP 12700-12800-MAXIMUM 12952,BUT BELOW 12600 WILL VERTICALLY FALL UP TO 12400 IS NOT RULED OUT............

THIS RALLY IS MANIPULATIVE AND WILL NOT SUSTAINED FOR LONG TIME.

MAIN REASONS:LIQUIDITY/NEWS DRIVEN +42 ELECTIONS WORLD WIDE+ DIFFERENT POLITICAL PARTY-WILL GIVE FALSE PROMISE OF ECONOMY RECOVER+BULL RALLY OF INFLATION +LOW GDP GROWTH WORLD WIDE(EVEN EMERGING MARKETS)+HIGHER INTEREST COST+STILL BUBBLE IN PROPERTY MARKET- NOW PARTICULARLY IN EMERGING MARKET+MORE PRINTING OF DOLLARS-WILL LIQUID WORLD WIDE STOCK MARKET+WHICH WILL CREATE ALL TIME HIGH DOW JONES+FTSE+CAC+EMERGING MARKET INDEXES.
                       MAJOR ALERT
DO NOT HOLD EQUITIES FOR LONG TIME- TRY TO EXIT AT HIGHER LEVEL-BIG BUBBLE IS ON THE WAY -SOMETHING IS COOKING IN EQUITY MARKET WORLD WIDE-ONCE LIQUIDITY IS PULL BACK ALL MARKET WILL FALL-SEE SMALL TRAILER IN FEB-2012 END+JUNE-2012.....NOV-2012.....BIG FALL IN 2013...... SOMETHING IS MAJOR WRONG ON WORLD  INDICES CHARTS....................................(OUR FORECASTING)
TODAY STILL DOW JONES :BULL POWER:STRONG BUY ON DEEP
2nd Resistance Point12863.14
1st Resistance Point12789.80
Last Price   12716.46
1st Support Level12637.94
2nd Support Level12559.42


GOLD:STRONG BUY 
2nd Resistance Point1757.39
1st Resistance Point1751.58
Last Price   1748.36
1st Support Level1741.49
2nd Support Level1737.21



2/2/2012INTRADAY TRADING LEVELS
FTSE 100
CAC 40
Dow Jones
S&P500
Nasdaq 100
Gold
Nikkei
BULL RALLY
5900.77
3420.24
12936.4
1346.34
2520.33
1745.5
8880.46
UP BREAKOUT
5864.09
3402.65
12863.1
1338.92
2509.61
1745.5
8856.9
SELL
5827.4
3385.05
12789.8
1331.51
2498.9
1745.5
8833.35
PIVOT
5754.04
3352.69
12711.3
1323.1
2486.59
1745.5
8806.72
BUY
5717.35
3335.09
12638
1315.69
2475.88
1745.5
8783.17
DOWN BREAKOUT
5643.99
3302.73
12559.5
1307.28
2463.57
1745.5
8756.54
BEAR RALLY
5607.3
3285.13
12486.2
1299.87
2452.86
1745.5
8732.99

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