Sunday 12 August 2012

Weekly Global Overview

It is time to look at our global markets.

DOW JONE = Bullish 
NASDAQ = Bullish 
S&P 500 = Bullish 

FTSE = Bullish 
DAX = Bullish 

HANG SENG = Turned Bullish 
SHANG HAI = Bearish 
NIKKEI = Bearish (It is turning to bullish soon) 
SEOUL = Bearish 
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Just turned Bullish 
KLCI = Bullish  

This week, Hang Seng, Seoul and Taiwan Weighted turned bullish indicating the bullishness of the entire market. I honestly felt uneasy thinking markets could be in a tile end considering the markets have been bullish. But feeling is one thing, technical is another. 

WE HAVE TO ACT ACCORDING TO THE TECHNICAL ANALYSIS RATHER THAN OUR FEELING. 

No comments:

Post a Comment