ASI closed bullish with a long lower shadow GREEN candle. This was the case yesterday with a Red bearish candle, and a long lower shadow. The position of these are more like a harami formation, giving a neutral position in the market. Another development is the Swing low formation as todays low was higher than yesterday's low, whilst the low of Tuesday was higher than yesterday's low. This gives a tiny bit of relief but not very strong. Also with JKH having a swing low it could make a difference to the market tomorrow. However the long term trend is still bearish, and the market is now having to hit above the major resistance of 6150 makes it to be in neutral territory just like the Harami formation mentioned elsewhere in this post.
Making money in the Stock Market is not easy, but not hard only with increased education and understanding.......
Subscribe to:
Post Comments (Atom)
Loss and Gain of the ASI in 2021 vs the Loss in 2022
This ASI chart shows the All time high in 2021 of 9025.82 on the 29th 0f Jan'21 and the fall to the yearly low of 6852.64 on the 19th ...
-
Dr. Michael Burry is the ONE EYED Physician turned Fund Manager, who figured out that the Housing Market in the US is going to fall apart,...
-
ASI closed at 6228. Yesterday it was 6229. ALMOST UNCHANGED. Intra-day it hit a high of 6244, and a low of 6225 points. The close of the day...
-
As a gesture to honour a client Mr. R.T., I post an image shared by him regarding the ASI. The primary reason to do so is that, He is a k...
No comments:
Post a Comment