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Friday, 13 June 2014

Thailand SET Index: 13 June 2014, Friday, 6.44am Singapore Time

Thailand SET Index: 13 June 2014, Friday, 6.44am Singapore Time
Chart courtesy of Chartnexus.com

Technical Analysis of Thailand SET Index is as per illustrated in Daily Chart above.

+ Last Wave Pump and Dump
+ Major capital flight just before the start of Thai political instability
+ End of Bull Market as highlighted above (RED CIRCLE)
+ Thai SET Index is about to make the Bear Market Confirmation soon (ORANGE CIRCLE)
+ The rebound of 1H 2014 is an escape wave cum bear market confirmation wave.
+ Money continues to out flow in this capital flight wave

Price Structure of SET Index reflecting the Thai Stocks-Equities Market:
Bear Market in Transition

Donovan Norfolk Technical Rating:
Bearish
Long Term Bear Market as per warned beforehand in end-2013 and early-2014
(Sell on Rebounds)



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