Saturday, 17 November 2012

Only Three Markets Remain bullish

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

FTSE = Bearish (This week turned Bearish) 
DAX = Bullish (About to turn Bearish) 

HANG SENG = Bullish
SHANG HAI = Bearish
NIKKEI225 = Bearish (This week also turned Bearish)
SEOUL = Bearish
TRAITS TIMES = Bearish
TAIWAN WEIGHTED = Bearish 
Jakarta Composite Index = Bullish
,KLCI = Bullish 

FTSE turned bearish this week and DAX will turn bearish soon. US market is obvious in bearish mode. While there are only three market remain bullish in Asia ; Hang Seng, Jakarta and KLCI. Watch Out! 

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html

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