Special Technical Report q.dfmgi (serious shift in psychology) Nov 14, 2011
SPECIAL REPORT JAZIRA SECURITIES BROKERAGE Monday, November 14, 2011DUBAI FINANCIAL MARKET GENERAL IDX RIC: Q.DFMGISERIOUS SHIFT IN PSYCHOLOGYThe lower highs pattern still in force but so far the index refused tocontinue the series of lower lows putting an obstacle in front of a ma-jor bear market. This shift isnt , however, a signal, by itself, that theworst possible news has been discounted in the price, but, however, afailure to continue with prior patterns indicates that a “possible” shiftin psychology is materializing.Sellers are less motivated, powerful and aggressive than buyers. If youcannot get that from Momentum analysis, then you should know thatthe current falling red channel is registering the lower percentage de-cline (nearly 19.8%) than the prior two declines (22.3% and 25.4%). Itseems that the index is falling from its weight.While the index oscillates between two declining lines, the RSI oscil-lates in a bearish range between 30 and 60. A fall out of the range fol-lowed by a thrust to the upper resistance level. The up-breakout overthe bearish resistance line in the immediately preceding range has ledthe breakout in the index itself. Should history repeats itself, we mayexpect a serious up-breakout over the current red channel (1,425) giv-en that the RSI penetrated its resistance level.We have only one clue of a possible major change in the structure. Aslong as a series of lower highs continue, you should be very carefulfrom a quick access to a bullish conclusion. Threatening both the de-clining red resistance line and the 50-day EMA should come with nosurprise, but you are advised to not overestimate the forthcomingmove as the bear market still in force. Current and prospected buyersshould “Hide in Cash” below 1,335BOTTOM LINE: (Last price: 1,393pt.) Buy a breakout over1,420, Take some profits near 1,450 with a stop lies just below1,400. Conservative Stop level lies below 1,335. 1
SPECIAL REPORT JAZIRA SECURITIES BROKERAGE Monday, November 14, 2011 Jazira Securities Brokerage Jazira Securities Online Trading 15 Shooting Club Street, Mohandessin You can trade online through Jazira Securities online Tel: (+202) 3760 9983 - 37609941 trading portal ... Fax: (+202) 3760 9883 www.jaziracapital.com Please contact our customer Service representatives for further information..JSB Contacts Title Land Line Mobile EmailHussein El Sawalhy, CFA Managing Director +202 2578 0931/2 +20100 1410 690 email@example.comAhmed Helmy Head of Sales & Trading +202 2576 0188 +20100 1004 482 firstname.lastname@example.orgMohamed Fahmy Head of Research +202 2578 0931/2 +20122 2157 312 email@example.comRamy Rashad, CMT Senior Technical Analyst +202 2578 09 31/2 +20100 8385 501 firstname.lastname@example.orgBasant Soror Online Trading Technical Support +202 2578 09 31/2 +20122 1615 409 email@example.comGeorge Mansour Customer Service +202 2578 09 30 +20122 9214 069 firstname.lastname@example.orgDoaa Osman Customer Service +202 2578 09 30 +20122 7552 436 email@example.com Disclaimer Jazira Securities Brokerage (JSB) is a licensed Egyptian Stock Market Broker, regulated by the Egyptian Financial Service Authority. Opinions, estimates and projections contained in the research reports or documents are of the author as of the date published and are subject to change without notice JSB research reports or documents are not, and are not to be construed as, an offer to sell or solicitation of an offer to buy any securities. Unless otherwise noted, all JSB research reports and documents provide information of a general nature and do not address the circumstances of any particular investor. Neither JSB nor its mother company (Jazira Capital), or any of its affiliates accept liability whatsoever for any investment loss arising from any use of the research reports or their contents. The information and opinions contained in JSB research reports or documents have been compiled or arrived at from sources believed reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness. JSB, Jazira Capital or any of its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. JSB research reports and all the information opinions and conclusions contained in them are protected by copyright. The research reports or documents may not be reproduced or distributed in whole or in part without express consent of JSB Research. JSB research reports or documents, recommendations and information are subject to change without further notice . 2
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