Short DOWI at 17950 level

2014年12月4日

The index has come to the end of the triangle. It'll either go down or up. However, the RSI has reached the overbought zone for more than a week already. Also compare with DAX, Nikkei and Shanghai (China), all these major markets have also reached the overbought zone. It is unlikely that DOWI can go higher than 17950.

My conclusion is that the index will start going down on 8 Dec, until 16 Dec; from 17950 level to 17000 level.