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Chart 1: FTSE China A50's 60-min chart as at Sept 7, 2015 (Source: uk.investing.com)
Looking at the more popular SSEC index monthly chart, we can see the index trading below 10-mth SMA line & 20-mth EMA line. MACD has just crossed below the MACD Signal Line (a bearish sign) while Stochastic will soon enter the oversold zone (where it may stay for a while if the market is in a bearish).
In the past 2 occasions when all these 3 events were present (that's when index traded below 20-mth EMA line, monthly MACD flashed the negative crossover and stochastic entered the oversold zone), the market trended lower for the next 5 years.
The main difference between these 2 bear markets is that the 2009-2014 market was preceded by a sharp rebound in 2009. This sharp rally in 2009 was a relief rally after the sharp fall in 2008. Given the current market decline is fairly similar to the 2008 selldown, SSEC may put in a sharp relief rally. This rally is unlikely to happen in the next few months. My guess is that if it ever happens, it may be in 1st quarter 2016.
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Chart 2: SSEC's monthly chart as at Sept 7, 2015 (Source: Yahoo Finance)
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