24 September 2013
Market likely to drop significantly in coming weeks since double divergences have been identified between MACD and index price
Market will be likely to drop significantly in coming weeks since it is overbought (RSI 14 is greater than 80) and double divergences have been identified
between MACD and S&P 500, S&P 500 produced new highs in both August and September 2013 but MACD could not in both times; Evening star appeared on the daily S&P 500 Future chart, shooting star appeared on the daily and weekly S&P 500 Future chart;
between MACD and Dow Jones Industrial Average, Dow Jones Industrial Average produced new highs in both August and September 2013 but MACD could not in both times; Evening star appeared on the daily Dow Jones Industrial Average Future chart, shooting star appeared on the weekly Dow Jones Industrial Average Future chart;
between MACD and NASDAQ Composite, NASDAQ Composite produced new highs in both August and September 2013 but MACD could not in both times;
between MACD and NASDAQ 100, NASDAQ 100 produced new highs in both August and September 2013 but MACD could not in both times;
between MACD and DAX, DAX produced new highs in September 2013 but MACD could not do so;
between MACD and CAC 40, CAC 40 produced new highs in both August and September 2013 but MACD could not in both times;
between MACD and FTSE MIB, FTSE MIB produced new highs in both August and September 2013 but MACD could not in both times;
between MACD and ALL ORDINARIES, ALL ORDINARIES produced new highs in September 2013 but MACD could not do so.
Therefore, the market may give me another opportunity to profit from the potential panic in coming weeks due probably to fierce fighting between Obama and the Congress regards increasing of debt ceiling, and inevitable tapering of FED quantitative easing (money printing).
between MACD and S&P 500, S&P 500 produced new highs in both August and September 2013 but MACD could not in both times; Evening star appeared on the daily S&P 500 Future chart, shooting star appeared on the daily and weekly S&P 500 Future chart;
between MACD and Dow Jones Industrial Average, Dow Jones Industrial Average produced new highs in both August and September 2013 but MACD could not in both times; Evening star appeared on the daily Dow Jones Industrial Average Future chart, shooting star appeared on the weekly Dow Jones Industrial Average Future chart;
between MACD and NASDAQ Composite, NASDAQ Composite produced new highs in both August and September 2013 but MACD could not in both times;
between MACD and NASDAQ 100, NASDAQ 100 produced new highs in both August and September 2013 but MACD could not in both times;
between MACD and DAX, DAX produced new highs in September 2013 but MACD could not do so;
between MACD and CAC 40, CAC 40 produced new highs in both August and September 2013 but MACD could not in both times;
between MACD and FTSE MIB, FTSE MIB produced new highs in both August and September 2013 but MACD could not in both times;
between MACD and ALL ORDINARIES, ALL ORDINARIES produced new highs in September 2013 but MACD could not do so.
Therefore, the market may give me another opportunity to profit from the potential panic in coming weeks due probably to fierce fighting between Obama and the Congress regards increasing of debt ceiling, and inevitable tapering of FED quantitative easing (money printing).
Labels: Risk Management, Thoughts
