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 Selling might be dissipating (2015 Aug)

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Join date : 2015-01-29

PostSubject: Selling might be dissipating (2015 Aug)   Sat Aug 29, 2015 3:27 pm

I think the selling momentum that led to the "Black Monday" global stock market plunge on 24 Aug 2015 is going to dissipate. The market is going to take a breather. However, the higher level view is that the global markets are still in a bearish mood.

Of the major US indices, the most bearish is DJI (Dow Jones), followed by NYSE, then SP500 and lastly Nasdaq.

More details in my blog:
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