Short Term Trading Member Forum

[techcharter]

World markets and 200 DMA

Japan's Nikkei tested the 200 DMA in May '04. The index is about to drop below the 50 DMA. The 200 DMA is about 250 points below. The 50 DMA is sloping downward indicating it will cross below in the near future. This is in the best shape.

http://stockcharts.com/def/servlet/SC.web?c=$nikk,uu[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&...

America's DJIA shows the 50 DMA, index, and 200 DMA all converging. The index did break below the 200 DMA for 2 days, but confirmation is needed. A further drop below the 200 DMA will probably startle investors. Prgrammed trading undoubtedly will used the 50 DMA crossing the 200 DMA to take some sort of action.

http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&...

Germany's DAX has broken brlow the 50 DMA decisively and penetrated the 200 DMA. The price tried to rise above and bounced back. The DAX has only spent 2 days below the 200 DMA, so more confirmation is needed to this bearish warning. The 50 DMA is getting close to approaching falling below the 200 DMA. Now that would be very bearish.

http://stockcharts.com/def/servlet/SC.web?c=$dax,uu[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&a...

England's FTSE bounced along top of the 200 DMA for two or three months, gave a head fake to the upside, and has spent the last 2 weeks below the 200 DMA. The 50 DMA is poised to drop below the 200 DMA.

http://stockcharts.com/def/servlet/SC.web?c=$ftse,uu[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&...

China's Hang Seng has been trading under the 200 DMA since May '04. There was one failed retest rally of the 200 DMA. What's worse is the 50 DMA has been under the 200 DMA for several weeks now. This is the most bearish of the charts in terms of the 200 DMA. The irony is the world thinks China's economy is doing the best.

http://stockcharts.com/def/servlet/SC.web?c=$hsi,uu[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&a...