Philippines Stock Exchange Index (PSEi): 29 September 2014, Monday, 11.45pm Singapore Time
Attached above is the Chart of the Philippines Stock Exchange Index (PSEi).
7261.30 points will break down.
Often, bearish divergences do not necessarily need to be executed and can remain in place for as long as it wants without markets going down. However, the above bearish divergence will execute a break down this time round. The reason as follows below:
Often, bearish divergences do not necessarily need to be executed and can remain in place for as long as it wants without markets going down. However, the above bearish divergence will execute a break down this time round. The reason as follows below:
Compare and contrast the above technical analysis with Donovan Norfolk Ang WORLDWIDE Funds Flow Analysis Indicator which never fails to know what smart-money actions will be next for world markets: it will be one of a break down coming for the above PSEi chart, just like many other markets that will undergo a sell off as warned previous few weeks:
Broad Market (Big Wind Direction) Short-Term / Mid-Term Posture by Big Hands:
+ Big Hands piled up more shorts today.
+ Big Hands piled up more Bearish Puts today.
+ Big Hands maintained at MAXIMUM SHORTS STRENGTH in holdings.
+ Big Hands are still non insignificant in Bearish Puts holdings.
+ Big Hands are still persistently dual shorts in holding: VERY BEARISH-BIASED.
+ Shorts positions of smart monies worldwide are highly speculative and non insignificant in strength.
+ Expect more sell-downs in the mid term. Worldwide sell-offs are far from over.
+ Overall outlook by big hands and smart money for the mid-term: speculative on the bearish side
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