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Wednesday, May 9, 2012

Nordic stock-indices topping out


 OMXC20 (Danish stock-index) - It seems as a nice Diamond-top has be building and has now matured to the degree, where it could be triggered at any time.
The count above is my preferred count, but be aware that we could be looking at a major triangle developing, but no matter which scenario is the right one a decline to the long term support-line is the least we should expect.
OBM (Norwegian stock-index) - Is in the same position as the Danish Index, but a S/H/S top seems to have been triggered already and here to the very least we should expect is a decline to the long term support-line.



OMXS30 (Swedish stock-index) - Is almost identical to the two other indices. Here too a decline to the long term support-line is the very least to expect.

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