It would be a good idea to check your risk management systems!
There have been only 4 instances in the last 20 years that 14-period #RSI has been above 85.
The sample size is too small & there's an element of hindsight!
But it definitely suggests we're at the extreme of the rally!
More from Hardik Upadhyay, CMT.
#Infy is o/s at previous consolidation and trendline support.
Is it a beginning of a trend reversal or just a pullback?
I believe it's the former!
We'll find out tomorrow!
#Infosys #Q4FY21 #FY2021 https://t.co/faOahvcgPK
Is it a beginning of a trend reversal or just a pullback?
I believe it's the former!
We'll find out tomorrow!
#Infosys #Q4FY21 #FY2021 https://t.co/faOahvcgPK
Key reversal bar...#Infy pic.twitter.com/3GeYoty9KZ
— Hardik (@tradingwithdyr) April 12, 2021
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1/OK, data mystery time.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
