Saturday, 28 December 2013

Both Bullish & Bearish Global Indexes Are Equal

DOW JONE = Bullish (All Time High) 
NASDAQ = Bullish 
S and P 500 = Bullish (All Time High)

FTSE 100 (England) = Bearish
DAX (Germany) = Bullish (All Time High) 
CAC 40 (France) = Bearish 
HANG SENG = Bullish
SHANG HAI = Bearish ( Turned Bearish on 20 Dec 2013 ) 
NIKKEI225 = Bullish
SEOUL = Bearish 
STRAITS TIMES = Bearish 
TAIWAN WEIGHTED = Bullish (It is has been Bullish since 2 Dec 2013) 
Jakarta Composite Index = Bearish 
KLCI = Bullish 
ASX ( Australia All Ordinary Shares Index ) = Bearish  
BSE 30 ( Sensex - Bombay ) = Bullish 
Newly Added - PSI (Philipines Stock Exchange Index) = Bearish 
Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bullish

Shang Hai Composite Index made a 'U' turned and backed to Bearish Mode again.
8 out of 16 global indexes are Bullish meaning that both Bullish and Bearish indexes are equal. The market is still a mixed picture for now. Wait and see seems the only way for now.

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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