DOWI: Heading towards 15800 and bellow
For those of who who follow closely my analysis, te shape of DOWI should not be a suprise. I was suprised by 172XX as an all time high because I was expecting 16706 to be the all time high.
Anyway, DOWI is in a consolidation phase towards 14400-14800 which is normal. Bare in mind that the market was fuelled by FED's QE and cheap money, i.e artificially. No FED in pull back from the market step by step.
Therefore, there is a normal correction/consolidation on the downside. It will be progressive and step by step until FED increase its interest rate.
Market has always the last words, i.e no mather which insitution in intervening in the market, the price is at the end of the day made by the market.
Anyway, DOWI is in a consolidation phase towards 14400-14800 which is normal. Bare in mind that the market was fuelled by FED's QE and cheap money, i.e artificially. No FED in pull back from the market step by step.
Therefore, there is a normal correction/consolidation on the downside. It will be progressive and step by step until FED increase its interest rate.
Market has always the last words, i.e no mather which insitution in intervening in the market, the price is at the end of the day made by the market.
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