Sunday 27 October 2013

8 Indexes In Divergent Between Indexes & MACD

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

FTSE 100 (England) = Bullish 
DAX (Germany) = Bullish 
CAC 40 (France) = Bullish - divergent 
HANG SENG = Bullish - divergent 
SHANG HAI = Bullish - divergent
NIKKEI225 = Bullish - divergent
SEOUL = Bullish - divergent
STRAITS TIMES = Bullish 
TAIWAN WEIGHTED = Bullish - divergent 
Jakarta Composite Index = Bullish 
KLCI = Bullish 
ASX ( Australia All Ordinary Shares Index ) = Bullish - divergent 
BSE 30 ( Sensex - Bombay ) = Bullish 
Newly Added - PSI (Philipines Stock Exchange Index) = Bullish 
Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bullish - divergent 

Global markets are all in the blue. None of the country I monitor is in Bearish.
This week I am looking at using Divergent theory between the index and MACD. In other words, I am using this theory to find out the potential correction ahead of us. As you can see from the above, there are 8 indexes out of 18 currently in divergent between the indexes and MACD.

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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