Current Latest Computed Funds Flow Analysis (FFA):
For Worldwide Financial Markets:
31 December 2013, Tuesday, 7.00pm Singapore Time
The Donovan Norfolk Ang Funds Flow Analysis Indicator
for Worldwide Financial Markets
31 December 2013, Tuesday
31 December 2013, Tuesday
Broad Markets / Big Markets / Big Wind Directions
European markets are in the first 3 hours 00 minutes of trading, while US markets (Dow, S&P500 and NASDAQ) are 3 hours 30 minutes away from opening for trading.
Based on current latest computational results, Holdings Index Strength of Big Hands changed from -7.323 to -8.147 in strength on the Donovan Norfolk Funds Flow Index Oscillator. On the other front, Big Hands' Puts Holdings on hand changed from -3.553 to -3.753 in strength on the Donovan Norfolk Funds Flow Index Oscillator.
Broad/Big Market (Big Wind Direction) Short-Term / Mid-Term Posture by Big Hands:
+ Last day of 2013:
+ Big Hands are dual shorts for a second consecutive day, despite market technical rebounds on thin volume for yet another day
+ 2nd consecutive day of setting up rebound to accumulate more shorts by Big Hands: Bearish.
+ Big Hands increased Shorts today.
+ Big Hands increased Puts today.
+ Big Hands, Smart Money and Market-Movers are very persistently shorts in December of 2013: be highly cautious.
+ Big Hands are also persistently bearish Puts in December of 2013.
+ Puts remain as speculative and non-protective.
+ World markets will be looking to Dow Jones Industrial Average for cues: DJIA around 16600 points will trigger the next wave of correction.
+ Worldwide markets are still bearish biased.
+ Mid Term Corrections worldwide expected to resume in January 2014.
+ Longists should be cautious as 2014 has very high probability of being welcomed with a major sell-down.
+ Shortists should short on any technical rebounds, where rebounds remain merely for selling at good prices.
+ Hot Money and Smart Money may rotate away from Equities Market into the Metals Market.
+ Timeframe of worldwide selling: To last until February 2014.
+ Financial Markets worldwide are officially entering into critical stage from November 2013 to early 2014 (Tally with all your index charts, they are all at critical multi-year resistances).
+ Note that there was unusual unloading volume in SPDR Morgan Stanley Technology Index ETF (read for implications on NASDAQ and World Markets):
Refer to some Technicals charted in the first week of December:
and some Technicals charted in the third week of December:
+ The following are the short-mid term sell-off correction targets as per analysed since 7 weeks ago with some new updates:
(you might like to refer to the accompanying detailed analysis links attached too):
1. Malaysian FKLI:
1,790 points and a whipsaw just below 1790 points as first target. ---> FIRST TARGET HIT ON 12 NOV 2013
and
breakdown of 1780 points as second target ---> SECOND TARGET HIT ON 13 NOV 2013
and
1776 points as third target
and
breakdown of 1776 points as forth target
2. Hong Kong Hang Seng Index:
22,770 points as first target ---> FIRST TARGET HIT ON 8 NOV 2013
and
22,000 points as second target
and
21604.4 points as third target
3. India NIFTY Index:
6001 points as first target ---> FIRST TARGET HIT ON 21 NOV 2013
and
5750 points as second target
4. UK FTSE100:
6500-6550 points ---> TARGET HIT ON 3 DEC 2013
5. Germany DAX:
8700-8750 points.
6. Spain IBEX:
To go as low as until all other indices stop bleeding
8. US NASDAQ Composite:
3700 points
9. EURO STOXX 50:
2930-2950 points ---> TARGET HIT ON 12 DEC 2013
10. Dow Jones Industrial Index (DJIA):
14750 points as first target
and
breakdown of 14750 points as second target
11. EURUSD:
1.34000 ---> TARGET HIT ON 7 NOV 2013
12. GBPUSD:
1.59000 as first target ---> FIRST TARGET HIT TWICE IN NOV 2013
and
1.57000-1.57500 as second target
13. NZDUSD:
0.81000 ---> TARGET HIT ON 29 NOV 2013
14. AUD, NZD, EUR, GBP, JPY, CAD, CHF will generally be weak until the corrections end.
15. Euronext Brussels Bel20 Index:
2740-2780 points as first target ---> FIRST TARGET HIT ON 6 DEC 2013
and
2600-2632 points as second target
16. Singapore Straits Times Index (STI):
2600 points as target
Broad/Big Market (Big Wind Direction) Long Term Outlook by Big Hands:
The depth of this anticipated short-mid term sell off will reveal clearer skies and whether previous long term outlook still hold.
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Donovan Big Hands Funds Flow Computational Oscillator
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Donovan's Funds Flow Analysis Index Oscillator:
-10 ----- 0 ------+10
Donovan's Funds Flow Analysis Strength-Index Scale Key:
negative (-ve) = shorting;
positive (+ve) = longing;
0: No shorts and no longs (direction-less)
1-2: Weak strength / weak holdings
3-4: Moderate strength / moderate holdings
5-6: Strong strength / high holdings
7-8:Very strong strength / very high holdings
9-10:: Rally Mode in store if +ve / Plunging Mode in store if -ve
Implication of Broad Markets/Big Markets/Big Wind Indices Directions
If it is a rising tide in Index Big Wind, most or almost all stock boats generally rise;
If it is a receding tide in Index Big Wind, most or almost all stock boats generally go lower.
Hence the importance of Big Wind Directions blown by Big Hands.
Donovan Norfolk Ang
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