When you see the next superpower reverse course and give us plunges of 800 points + then you will know Killer We 3 down is universally underway. Who be that superpower market? Bombay Sensex. You can also see Nifty 50, the sister Index. Truly enlightening is if you view both indexes in terms of USD instead of Rupees. Why. Because dollar has been hammering Rupee drove her to 75 then correcting. Nikkei, Hang Seni, Korea Kospi, Taiwan, Malaysia, Singapore no match for the bullishness in India. Then look at U.K. for extreme bullishness in this recovery wave. My call has been since January 2018 ..... Bear is going to kill ‘me all. ALL
This was actually on Bloomberg earlier since you brought it up. Is the $220 Billion Indian Stock Rally Overheating? By Divya Balji and Srinivasan Sivabalan March 24, 2019, 8:30 PM EDT Momentum indicators suggest gains have come too quickly Election uncertainty is seen swinging markets violently SHARE THIS ARTICLE Share Tweet Post Email Just a few weeks ago, Indian stocks suffered from their worst run of losses in almost eight years, diverging from their broader Asian and emerging-market peers. Election uncertainty, rising oil prices and tensions over Kashmir were blamed. Fast forward to now and the S&P BSE Sensex Index has rebounded 8 percent, with the once-stacked wall of worry taking second place in investors’ minds. The gauge has gone from being one of the worst in Asia last month to the best, as the market has regained almost $220 billion since a low in February. Foreign investors came flooding back, with more than $3.8 billion of inflows in March alone -- set to be the most in two years. Is this too fast too soon? Perhaps. After an eight-day rally -- its longest winning streak since July -- the Sensex slipped 0.6 percent on Friday. “While some of the domestic/global uncertainties may have abated, one still needs to be watchful,” Citigroup Inc. analyst Surendra Goyal wrote in a report published March 20. An index by the firm that tracks sentiment suggests a neutral stance, the note said. The upcoming elections have also kept some at bay. The world’s biggest democracy is about to begin six weeks of voting that will decide whether Prime Minister Narendra Modi wins a second term, with the final results due on May 23. Also Read: A Murky Flood of Money Pours Into the World’s Largest Election “We have to wait until the election is over,” said JPMorgan Asset Management Chief Market Strategist Tai Hui at a press briefing in Hong Kong on March 21. “The election results can swing the market quite violently. I’m quite happy to sacrifice a little bit and move into India when the results are out.” Here’s why some market watchers are skeptical in the short term: The market has been in overbought territory for the past eight days, signaling the gains might have come too quickly to hold. The last time the Sensex hit such levels last August, it plunged some 14 percent in less than two months. Another sign that the nation’s equity surge could be reaching its tipping point is that the index is now around 5 percent above its 50-day moving average. The last two times the divergence reached such levels -- in the summer and at the beginning of last year -- the market slumped. Greed dominates India’s stock market now more than any time since 2009, according to a Bloomberg indicator. The so-called fear-greed index on the weekly chart for the Sensex shows pessimism has turned into bullishness in less than half a year. Extremes in both trading impulses rarely last long, and this exuberance may give traders reason for caution. Indian equities aren’t cheap. Despite the weakness earlier this year, they’re still trading above their five-year average. Relative to emerging-market peers, their valuation is more than 50 percent higher. But, maybe, in the longer term, there’s something to get bullish about: Fundamentals of corporate India are improving. Analysts’ average profit estimate for Sensex companies in the next year has jumped to a record high -- not just in rupee terms, but also in U.S. dollars. When volatility driven by politics settles, the earnings picture may provide support for gains in the Indian market. — With assistance by Cecile Vannucci, Gregor Stuart Hunter, and Matt Turner
For Master bone. .... my compliments, your excellency See China Shanghai composite Index. Massive rally, a Bear Market rally, massive indeed. The experts declared it a new bull. But wait just a minute says Fibo. .... Shanghai first gots to get past the 61.8% Fib. Hahahahaha. When she got there the Fib put her in a chokehold just as Fibo expected. Nobody else sees this kinda stuff, bone. So Chino retreated and is now creeping back up for a retest. But wait. Look at the massive divergence on RSI. This 2nd attempt looks weak, but we let her ride. If you are Long, drop to 60 min. And skiddadle on a 15 x 30 ema cross. Then leave Dodge. It’s going to get mean. Close your Chinese broker accounts and split Daily timeframe Learn bone, learn. .
INDIA: Shadow banking sector will bring the whole house Down. Real estate sector is in the crapper LT I have a couple dolls living in Goa. They rent currently each a 3 bedroom house in Anjuna Beach for 10k rupees/ mo. = $150 approx. I pay it. They be my girlfriends. I promised to buy both houses for them as soon as real estate dives below another 35%. Fibo always keeps his promises. Both girls are parent less, poor when I met them, but they treated me like a king. They are set for life. During Prime Minster Modi’s demonetization stunt when ATMs closed down universally, my girls rode out the storm like queens - I had had them stock tons of rupees in the basement hidden vault for exactly such dire events. And dig this: I foresaw that large denomininations would present a problem because nobody can give change. So I had them store low denomination cash God, do I love women. Without ‘em life is bloody boring. One of the girls has a voice like this at 0:44. God help me! .
Japan’s Nikkei kissing the back of the trendline she broke March 8. Noe rejected again at this line Wave 3 down has started? I believe so, but give it a day or 2 to verify.
USA for Monday: Pls note amigos, there was considerable hammering on Friday. Dow FUt down 119 but hey, a lot can change. But here's the thing: Financial sector is bleeding profusely XLF hammered on kissing the 2009 trendline and dives below 200 day ema. Bad! Rsi(21) hit 40.76. . Hahaha if hits below 40 that's a Bear signal as per RSI 60/40 system. Big down volume. JPM, BAC, WFC, C. ... all with gap downs big bars and below the 200 day ema. Not good for bulls but very nice for ME. Replicant, BOEING is now sitting right on 200 day ema. He's whittling on a piece of wood. I got the feeling when he stops whittling something's going to happen. Like a massive high volume bar DOWN busting thru' 200 day. Yeah. That's my guess. Not trading here but keeping an eye out Dow's hi roller for sinking points Apple at 61.8%. I would not date this chick.
For bone: Fibonacci for you, the Golden Ratio in action. Enjoy I said to TP because Fibo resistance was close. wave 5 = 2.618 x Wave 1 at precisely 55. we are at 54.38 (hi) on Friday.
TNX arrived at big Fibo support 423.6% Friday. Be alert for reversal. Keep eye on TLT, Fri gap up lead to Island Reversal or runaway? Just talking to myself .... experts are saying rates are going down and down, that there is no need to fear rising rates. But here's the thing: TNX is suggesting resumption of uptrend? Sort it out inthe morning, tired now