Saturday, 18 January 2014

6 Bearish Indexes Are In Asian Countries


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

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

6 out of 18 Global Indexes monitored are in Bearish mode. As mentioned last week, the 6 indexes are all in Asian. This is obvious that funds are flowing away from Asian countries. As contrarian, maybe we should look into Asian rather than chasing the rest of the world. 

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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