Also, it appears that government bonds in Europe and US have bottomed, and are on their way to lower yields/higher prices.
Here, on the 4 hourly chart of the Japanese TOPIX, a clear five wave impulse higher is coming close to its end.
Monday 3 August 2009
Risk at a medium-term high
Yet more signs that riskier assets are peaking around current levels. Nasdaq (on the chart below) and SP500 both made new highs against substantial negative divergences on 4 hourly charts. I will be seeking to establish the remaining two-fifths of the intended short position sometime this week.
Also, it appears that government bonds in Europe and US have bottomed, and are on their way to lower yields/higher prices.
Here, on the 4 hourly chart of the Japanese TOPIX, a clear five wave impulse higher is coming close to its end.
Also, it appears that government bonds in Europe and US have bottomed, and are on their way to lower yields/higher prices.
Here, on the 4 hourly chart of the Japanese TOPIX, a clear five wave impulse higher is coming close to its end.
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