Friday, August 13, 2010

More Global indices into Bearish Territory.

I had earlier mentioned that DOW, Hang Seng, Euro and Crude Oil have entered into Bearish Territory.

 

Now that two more has joined the Band Wagon…. That is FTSE.  Today NIFTY 2000 NN too, has signaled the reversal. Read more in my Weekly Analysis, which I should post by tomorrow or day after.

 

Attached herewith the Charts of DOW and FTSE as per close of 12 Aug 2010.

 

It looks like Aug-Sep may not be a Bullish month, unless a miracle happens.

 

 

 

 

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES