Current Latest Computed Funds Flow Analysis (FFA):
For Worldwide Financial Markets:
12 December 2013, Thursday, 3.30pm Singapore Time
The Donovan Norfolk Ang Funds Flow Analysis Indicator
for Worldwide Financial Markets
12 December 2013, Thursday
12 December 2013, Thursday
Broad Markets / Big Markets / Big Wind Directions
European markets are 30 minutes away from opening for trading, while US markets (Dow, S&P500 and NASDAQ) are 7 hours 00 minutes away from the opening bell.
Based on current latest computational results, Holdings Index Strength of Big Hands changed from -10.000 to -10.000 (MAXIMUM) in strength on the Donovan Norfolk Funds Flow Index Oscillator. On the other front, Big Hands' Puts Holdings on hand changed from -3.488 to -3.312 in strength on the Donovan Norfolk Funds Flow Index Oscillator.
Broad/Big Market (Big Wind Direction) Short-Term / Mid-Term Posture by Big Hands:
+ Big Hands and Smart Money still maintaining MAX shorts.
+ Smart Money and Big Hands' Puts are maintained at similar levels as last calculated.
+ Big Hands/Smart Money worldwide are still shorts-biased for worldwide sell-off correction.
+ As per warned since November, Big Hands set up price actions in entire November to lay accumulated shorts and speculative puts.
+ As per warned since November, Big Hands set up price actions in entire November to lay accumulated shorts and speculative puts.
+ Time frame of correction intention had been changed from short-term correctional sell-off to mid-term correctional sell-off as per highlighted since 6 weeks ago.
+Short-mid term selling climax is still to be expected. Note that if the attempted -10.000 maximum shorts cannot bring about a sell-down climax, the long term outlook for world international financial markets will reverse into a long term bull market.
+ International Financial Markets worldwide are officially entering into critical stage from November 2013 till early 2014 (Tally with all your index charts, they are all at critical multi-year resistances).
+ Some protections and cautions are still warranted if one is late longs in Stocks, Equities, Indices, Commodities, Forex: EURUSD, GBPUSD, AUDUSD, NZDUSD, CANADIAN DOLLAR CAD, SWISS FRANC CHF AND JAPANESE YEN JPY, Gold, Silver, Crude Palm Oil and Crude Oil.
Refer to some Technicals charted in the first week of December:
+ The following are the short term sell-off correction targets as per analysed since 6 weeks ago:
(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
+ Below are the much larger mid-term upwave targets that still hold:
+ Financial Markets, Commodities Markets, Oil, Gold, Silver and Forex markets (EURUSD, GBPUSD, Swiss Franc, Japanese Yen, Canadian Dollar, AUDUSD, NZDUSD) are still expected to have some more upside against the US Dollar, and this upside is expected to be healthy until I turn big reversal.
+ Expectations are still unchanged: FCPO 3000RM as target, Gold $1500-$1550 as first target and $1750-$1800 as second target, Silver $30.000 as target, Golden Agri (Palm Oil Stock) S$0.60 as 1st target and S$0.74 as 2nd target, AUDUSD $0.96 as first target and $1.00 parity as 2nd target, USDJPY ￥83.54-￥84.00 as final target, India CNX Nifty Index 6188-6320 as up-move target and break-out of 6320 points for uncharted rally as second target, and Oil $118.00-$120.00 as tentative target, FKLI 1900 points as target, or until I turn big reversal.
+ Special Note:
Each of the respective asset class markets (Gold, Silver, Crude Oil, Palm Oil, Commodities, Forex, Stocks and Worldwide Stock Market Indices) have moved in my directions since.
+ More upsides in worldwide financial markets (Stocks, Equities, Indices, Commodities, Forex: EURUSD, GBPUSD, AUDUSD, NZDUSD, CANADIAN DOLLAR CAD, SWISS FRANC CHF AND JAPANESE YEN JPY, Gold, Silver, Crude Palm Oil and Crude Oil) are still expected after this short-mid term correction sell-down (refer past analyses).
+ Japan's QE effects are wearing out, Nikkei-225 may become the weakest link of international financial markets when the rising tide ends.
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.
Hello Donovan,
ReplyDeleteWith the recent gap up on FKLI and recorded new high. Would it be necessary to revise your first and second sell down target since they are hitted some times ago?
Appreciate your insight. Thanks!
Hi,
ReplyDeleteNo change to my analysis.
It's not necessary to revise the targets.
Regards,
Don.
in india too nifty/sensex recorded lifetime highs
ReplyDeleteis it not bullish?
with best wishes
rajamani
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