Chart inkluding MA's, BB, , Stochastics and my own MA200_DIFF_PERCENTAGE, which is basicly the "kairi" indicator a bit modifyed. It shows the distance from the current Price to the MA200.
Even though you can't see the Whole chart, you can still see the top of 2007/2008 and now Again in 2015.
As pointed out, the is at the same level as in 2007 before the crash, and has even hit the top of a Whole 4 times since 2014!!
My MA200_DIFF indicator suggests that unless we're taking out the 62,52 level, we must be in for a correction.
Furthermore it looks like (but not certain) that another SHS formation is forming, like back in 2008.
My concern though is the current level of stochastics , but if that becomes embedded, the correction gets more likely.
In 2007-2008 there are 5 closing candles at before crash. Present day we had 2 so far.
Could this be the "asset bubble" ? (stocks moving too high, because interest rates are to low, with small returns)
This is my first chart here at TW, so be gentle :-)
Sorry for the Danish Words, but I guess you Guys can read the chart anyway... :-)
Please share your thoughts...