KLSE Consumer Index: 20 June 2014, Friday, 3.25pm Singapore Time
Chart courtesy of Chartnexus.com
Technical Analysis of KLSE Consumer Index is as per illustrated in Daily Chart above.
Note that ORANGE set of market actions labelled 1, 2, 3, 4 are the same as the set of market actions labelled 1, 2, 3, 4 as above. Danger: be cautious.
<< Anomaly: Failure To Rally on MAXIMUM +10.000 FFA >>
+ Maximum +10.000 FFA in the big wind/broad market is completing and U-turning, and this had been the best performance that KLSE can offer (to be trapped within a +10.000 FFA: toppish with strong signs of bearish distribution).
+ Resumption in sell-off will now proceed to do further damage.
+ Financial markets are transiting to bear markets per warned beforehand in Daily Funds Flow Analyses during end-2013 and 1H-2014.
Donovan Norfolk Technical Rating:
Bearish
Bear Market Transition
(Sell on Rebounds)
Bearish
Bear Market Transition
(Sell on Rebounds)
Click "Share" on the Facebook icon at the bottom of this thread if you like it, or
if you would like to start a discussion about it with friends on your Facebook Wall.
No comments:
Post a Comment