The next three days are very important for DOWI. In deed we are on the eve of the TENKAN-KIJUN twist far outside the Kumo cloud, which may very much mean that if the reversal is confirmed, this will be preety strong. On the Kumo Cloud side of the story, although the next 23 periods appears to be on the upside of the story, if the Candle are crossing the cloud, it...
At the the present time, we do have cheap money on the market but no more QE. Therefore market will have to fuel itself by its own. To do that, there must be a correction before ECB Launches its European QE which is not similar to FED's QE and no one know if US market will benefit from that. Therefore a correction is normal before market has the ability to fuel...
Well, we can hardly make such a genuine double top. It is rare to see such a precision. Of course, we do not know yet if it is a genuine douple top or not. A lot of signals show that it may be very much, but we need to see the next candle. On the other hand, macro economic news are not of a kind to fluel the market. If THIS CHART is a confirmed DOUBLE TOP, the...
VIX is turning its trend to a long position. The upside of VIX is not a technical correction but rather an initial sign of a trend on the upside. Generaly when DOWI is UP VIX is down and when VIX is up DOWI is down. whereas when both of them are on the upside, it is a clear sign of a reversal. Therefore one can estimate that DOWI will go on the upside first...
The Stock Exchanges are rather overperforming. The economic datas are not that good, but the market is expecting ECB President Draghi to release fresh money in the market. But there may be a reason to release the money in the market and thus this would only be possible when the market go to a severe correction otherwise, tax payer would not understand the reason...
On a chartist analysis we can clearly see that there is a double top formation. The next days i.e Monday 26th will be a day that will clearly confirm the double top formation or not. Based on indicator, DOWI is already very high and a down side correction is again imminent. If there is a double top formation which I do consider for sometime now, therefore, the...
The ichimoku chart shows that DOWI will go a little bit on the upside, but indicators show that there isn't a lot of room left on the upside. Tenkan Kijun twist may occur inside the cloud wich would announce a soft upside. Having an eye on the Kumo cloud and particularly on the next days show that there is a twist and confirme a reversal, at least a correction...
CIX is always a nice counter mesure tool to confirm the direction of the indexes. The market was too overconfident and VIX was at its lowest level. But there are initial signs on a technical level that show clearly the reversal trend i.e VIX may move up, and indexes may move down. STOCH and MACD give the hint. We need to see a confirmation if it is just a...
I've been watching and analysing the impact of QE on DOWI since the very first quantitative easing executed from US FED on November 2008. Just to recall the important dates, QE2 on Nov 2010, and QE3 on September 2012. Based on the effect of QE1 and QE2 on the market, I have tried to make a projection on the possible high DOWI would meet with QE3. And my highest...
RSI, MACD show that there isn't anymore a great energy to continue to pull up DOW toward higher and grater records. Baring in mind the schedule of the tapering, the end of QE and the high unemployment rate in the US which may have a mechanical effect on DOWI, I thing that we may be at the beginning of the end and on the edge of a reversal trend.
a simple projection of previous Dow pattern onto current one with numerous touch points.