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This is just another rough sketch that one of the wave following investors could be drawing in the mind.
33 percent investment between green line and the given 50% mark on the chart (50% of the wave A to B).
Another 33 percent beyond the green line on either side. But this investor seems to be a [...]
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S&P500 or $SPX or ^GSPC is waiting for some triggers that are not in sight in the near future. Until then it would be just a lacklustre trade with some volatility caused by economic data from time to time. Notable this week would be:-
1. Existing Home sales on the 23rd
2. FED rate, Durable goods [...]
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Dow Jones Industrial Average (DJIA) or DOW in short, is having a tango with its 200days SMA for over two weeks now. But there is no sign of its trending above this average decisively. Yet, the trending down of this average itself is a good sign. Now, this index needs some triggers which are [...]
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DOW has not been able to manage past our much awaited mark 9000 as it is facing stiff resistance from 8800 levels. As shown in the chart below, its 200dma has somehow drifted lower and the index giving closes well above this moving average is a positive signal.
But the moving averages are still far [...]
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This index has been trading witnin a narrow range for about two weeks now. It didn’t make much effort to breach its 200dma and looks as if this moving average bowed down and moved below the range itself.
Moving averages trying to converge is a positive sign. The RSI, though flat is in the bullish [...]
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FTSE100 seems to have stuck between 4520 and 4300 levels. This index has been forming a flag shaped pattern which is not a negative signal. Now, it would depend on which limit would it penetrate, 4520 on the upside or 4300 on the downside.
Daily chart: Quote.com
Favoured view is that it could penetrate [...]
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How much more upside is the moot question with the Indian markets! Markets here have risen vertically and the most since March last and seem to be in a mood to go little more further before any correction sets in. But moving beyond 16500 would be too much for this index in such a [...]
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Monthly chart of Hangseng for a long term view.
The horizontal lines above depict its main hurdles, the first one of which has not been surpassed decisively. It is still hankering around 18800 levels, its 38% retracement.
Combining the view from other world markets, here also the dullness has set in as it trades between a range [...]
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