have been finding my feet with futures trading so no posts. But have made an interesting observation.
With 20/20 hindsight the DJIA has had a bearish divergence in place on the MACD and RSI since xmas - despite reaching new highs.
The thing that has lead it down has been the Hang Seng. It appears that the HSI leads the Dow at the moment. In fact the Hang Seng has been down for a couple of weeks now.
So you know how you probably pull up the DJIA to get a mental picture of what the market will be in the morning? I would suggest that you start pulling up the HSI as well these days.
We are in a strange new world and old habits die hard, but the Australian market is a little row boat caught between two super tankers - and the one with the Chinese flag is building up steam while the US one is still idled.
