Sunday, 2 June 2013

Added Two New Indexes - Normal Correction Might Kicks In For Now

DOW JONE = Bullish ( It broke ALL TIME HIGH )
NASDAQ = Bullish 
S&P 500 = Bullish ( Broke ALL TIME HIGH )


FTSE 100 (England) = Bullish
DAX (Germany) = Bullish 
CAC 40 (France) = Bullish

HANG SENG = Bullish
SHANG HAI = Bearish

NIKKEI225 = Bullish
SEOUL = Bearish 

STRAITS TIMES = Bullish
TAIWAN WEIGHTED = Bullish             
 
Jakarta Composite Index = Bullish (Continue Made New All time High)
KLCI = Bullish ( Backed to Bullish Again ) 
Newly added - ASX ( Australia All Ordinary Shares Index ) = Bearish ( It turned Bearish This Week )
Newly added - BSE 30 ( Sensex - Bombay ) = Bullish 

I added two new Indexes to watch namely ASX (Australia All Ordinary Shares Index) and BSE 30 ( Sensex - Bombay - India ) so as to make my analysis more complete. I am not able to add others as the software that I am using does not include any others index. These are all I have.

It is obvious that ASX is the only Index in Bearish mode this week and it looks like there will be more in coming week like Nikkei 225 and Hang Seng Index. Dow Jone plunged by 208.96 points (1.36%) to 15,115.57 on Friday seemed normal as the market has been going up. Correction sure will kicks in sooner or later. To turning Bearish, it will take time too.

Index With All Time High : (update weekly)  
1st : Jarkarta Composite Index 
2nd : Dow Jone Industrial Average Index 
3rd : S&P500 Index

Index In Bearish Mode : (update weekly)
1st : ASX ( Australia )


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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