Market situation?

Expert · 41 Re: Market situation? Thu Nov 22, 2012 12:01 pm

Expert

Manager - Equity Analytics

Posts : 116
Join date : 2011-09-13

My observations:

ASI moved below 50-day Moving Average on 24th October and touched it again on 25th October and now remains below it.

ASI has been moving up and down between 50-day and 200-day Moving Average since then and now very close to the 200-day MA. Yesterday's (21st November 2012) closing ASI was 5360.60 and 200-day MA was 5313.23.

MACD 12,26,9 on ASI gave a SELL signal on 20th November.

Relative strength of ASI yesterday 21st November is below the 30 mark and was at 25.31.

These figures were taken from DFN-TWS.

Please add your observations and also your interpretations if there are any, based on these and also your observations.

Though the above sounds negative, so far, today, up to now, the ASI has moved up by about 1%.

traderathome · 42 Re: Market situation? Thu Nov 22, 2012 3:13 pm

traderathome

Senior Vice President - Equity Analytics

Posts : 2485
Join date : 2012-02-26

traderathome wrote:

slstock wrote:Okay TAH we are at 5375 now . Lets watch how much more certain shares become bargains. Your MAL dream came true sooner than expected.

revised buy order now at 4.2 becoming very shrewd and greedy

not at teh same price paid .20cents more Razz

sanju351 · 43 Re: Market situation? Thu Nov 22, 2012 4:42 pm

sanju351

Senior Manager - Equity Analytics

Posts : 500
Join date : 2012-04-25

traderathome wrote:

traderathome wrote:

slstock wrote:Okay TAH we are at 5375 now . Lets watch how much more certain shares become bargains. Your MAL dream came true sooner than expected.

revised buy order now at 4.2 becoming very shrewd and greedy

not at teh same price paid .20cents more

Roboticfx · 44 Re: Market situation? Thu Nov 22, 2012 8:38 pm

Roboticfx

Senior Vice President - Equity Analytics

Posts : 1858
Join date : 2011-07-16

Expert wrote:My observations:

ASI moved below 50-day Moving Average on 24th October and touched it again on 25th October and now remains below it.

ASI has been moving up and down between 50-day and 200-day Moving Average since then and now very close to the 200-day MA. Yesterday's (21st November 2012) closing ASI was 5360.60 and 200-day MA was 5313.23.

MACD 12,26,9 on ASI gave a SELL signal on 20th November.

Relative strength of ASI yesterday 21st November is below the 30 mark and was at 25.31.

These figures were taken from DFN-TWS.

Please add your observations and also your interpretations if there are any, based on these and also your observations.

Though the above sounds negative, so far, today, up to now, the ASI has moved up by about 1%.

Thanks for your observation and publishing the data. It tells that the market is at an extreme oversold situation. However, I think an acceleration is needed to pull up and also we may see some small green days. No sufficient info to predict the frustration of the tend.

Retail investors are trying to get out and expect short and small return and get more losses.
Some large investors are broken heart and keep away. I met few of those medium investors recently, and they expressed that their idea was holding till pass the boundary of dark. After the departure of excited retailers, most probably market may show an upward movement. I'm not sure about it. However, big people must not put their invisible hands into the market and shake it. Otherwise, we will be in the same pit along and along.

Slstock · 45 Re: Market situation? Thu Nov 22, 2012 8:50 pm

Slstock

Director - Equity Analytics

Posts : 6610
Join date : 2011-01-22

Day by Day from your first post here last year, I look with admiration how much you have grown and growing with time. Keep it up. You will have a good future.

Roboticfx wrote:

Expert wrote:My observations:

ASI moved below 50-day Moving Average on 24th October and touched it again on 25th October and now remains below it.

ASI has been moving up and down between 50-day and 200-day Moving Average since then and now very close to the 200-day MA. Yesterday's (21st November 2012) closing ASI was 5360.60 and 200-day MA was 5313.23.

MACD 12,26,9 on ASI gave a SELL signal on 20th November.

Relative strength of ASI yesterday 21st November is below the 30 mark and was at 25.31.

These figures were taken from DFN-TWS.

Please add your observations and also your interpretations if there are any, based on these and also your observations.

Though the above sounds negative, so far, today, up to now, the ASI has moved up by about 1%.

Thanks for your observation and publishing the data. It tells that the market is at an extreme oversold situation. However, I think an acceleration is needed to pull up and also we may see some small green days. No sufficient info to predict the frustration of the tend.

Retail investors are trying to get out and expect short and small return and get more losses.
Some large investors are broken heart and keep away. I met few of those medium investors recently, and they expressed that their idea was holding till pass the boundary of dark. After the departure of excited retailers, most probably market may show an upward movement. I'm not sure about it. However, big people must not put their invisible hands into the market and shake it. Otherwise, we will be in the same pit along and along.