Stan Weinstein in his 1988 book "Stan Weinstein's Secrets for Profiting in Bull and Bear Markets" showed the above chart, which shows how a bear and bull market run its course.Looking at the Danish OMXC20 stock Index we can see, that support at 442.99 has been broken. The 150 day moving average (red) has been broken and the 50 and 150 day moving average has had a bearish cross-over and finally my proprietary indicator also confirm that the trend has swung from bullish to bearish.
The minimum target should be 415, but more likely we will see a continuation down towards 376. The prior support at 442.99 should now act as resistance.
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