{"id":230,"date":"2010-06-03T07:51:41","date_gmt":"2010-06-03T07:51:41","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=230"},"modified":"2010-06-07T13:49:40","modified_gmt":"2010-06-07T13:49:40","slug":"this-indicator-will-be-the-key","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2010\/06\/03\/this-indicator-will-be-the-key\/","title":{"rendered":"This indicator will be the key"},"content":{"rendered":"<p>So far the Indian markets decline has stayed within the bounds of a correction and much similar to the previous two corrections - roughly a 12% drop from the highs.<\/p>\n<div id=\"attachment_231\" style=\"width: 310px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty2ndJun2010.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-231\" class=\"size-medium wp-image-231\" title=\"Nifty\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty2ndJun2010-300x104.jpg\" alt=\"\" width=\"300\" height=\"104\" srcset=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty2ndJun2010-300x104.jpg 300w, https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty2ndJun2010-1023x358.jpg 1023w, https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty2ndJun2010.jpg 1138w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-231\" class=\"wp-caption-text\">Nifty Daily chart - Source Bloomberg<\/p><\/div>\n<p>However this time around, there are a few variations. There has been considerable technical damage in many of the world indices and some have even topped out.<\/p>\n<p>More importantly, one of my derived indicators that I use to measure the health of the indian markets, came very close to throwing \u00a0a market top signal. And this will be the indicator I will be keeping an eye on for the next few days to a few weeks.<\/p>\n<div id=\"attachment_232\" style=\"width: 310px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/IndiaBarometer2ndJun2010.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-232\" class=\"size-medium wp-image-232\" title=\"India barometer\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/IndiaBarometer2ndJun2010-300x100.jpg\" alt=\"\" width=\"300\" height=\"100\" srcset=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/IndiaBarometer2ndJun2010-300x100.jpg 300w, https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/IndiaBarometer2ndJun2010-1024x342.jpg 1024w, https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/IndiaBarometer2ndJun2010.jpg 1190w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-232\" class=\"wp-caption-text\">Indian Economy barometer - data and charts bloomberg<\/p><\/div>\n<p>This indicator has a stellar track record - it either \u00a0leads or is coincident with the market topping out process. Obviously, I will not reveal what or how this indicator is derived \ud83d\ude42<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So far the Indian markets decline has stayed within the bounds of a correction and much similar to the previous two corrections &#8211; roughly a 12% drop from the highs. However this time around, there are a few variations. There has been considerable technical damage in many of the world indices and some have even <a href='https:\/\/www.cashthechaos.com\/blog\/2010\/06\/03\/this-indicator-will-be-the-key\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-230","post","type-post","status-publish","format-standard","hentry","category-uncategorized","category-1-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=230"}],"version-history":[{"count":4,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/230\/revisions"}],"predecessor-version":[{"id":234,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/230\/revisions\/234"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}