Best Financial Markets Analysis Article The leading stock in the leading stock index made a large inverted hammer candle following a recent parabolic rise that hit RSI 90, and this looks very much like a top (with US indices also making inverted hammers):

Furthermore, the unforecast geomagnetic storm that I referred to made for the following spike:

The pick up in geomagnetism that seasonality warns us of may be occuring. However, before we call a market top, I refer you to previous Nasdaq topping processes:

Messy affairs – reversals of reversals of reversals before declining in earnest. Some back and forth to make a top into the middle of next week (around 22 Feb) would fit very well with my models. In support of this, not everything sold off yesterday. The Hang Seng actually broke out, and has held the break out today.

In short, I think Apple has topped and the US indices have begun a topping process, but the wider market is less likely to dive from here and more likely to flirt with the highs in a topping process. I will keep my eyes on the geomagnetic disturbance, as it isn’t quite done yet, but also on other assets and indices to see if they start to line up behind Apple.

John Hampson, UK / Self-taught global macro trader since 2004
www.solarcycles.net (formerly Amalgamator.co.uk) / Predicting The Financial Markets With The Sun

© 2012 Copyright John Hampson - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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