FKLI - Is This The Beginning Of The End ? -10/13/2014

 
The market continued its listlessness for most of the last week but then finally giving up and collapsed on last Friday. The Stochastic and MACD have joined in and confirming the current breakdown. The DMI stays negative with the D- strongly splashing upward again. This reflects the strong selling. Most important of all is that the ADX after staying flat for a while now has begun to rise. This could be confirming a new trend coming onto the market.
 
The weekly chart continues to add strength to the bear. The MACD has now entered below its zero signal line which is telling us that the bear cycle has begun. The Stochastic is now almost going below its 20's signal line which may just bring out more sellers. The DMI stays negative with the D- hooking up strongly and D+ falling again. This means the sellers are coming into the market with great strength and buyers are retreating. The weekly Japanese Candlestick is an Engulfing Bear because the current candlestick completely engulf the previous candlestick real body. Needless to say, this is a good news for the bear.
As I have been mentioning here:- the big picture is of an extremely bearish one. I have been placing more significance on any new sell signals over the buy. I do not need to read our nation's fundamental pictures, but strictly from chart readings, I would say we are at a major terminal point that may see the stock market beginning a major correction/collapse soon. Of course if the readers want some the  fundamental reason for this is that:- no government can continue to spend and spend money that they do not have yet and think the nation's economy can shine. And I would pay attention to the crude oil price as we heavily depend on revenue from that commodity. If it continues to lose ground, it would mean less revenue for the current regime to play.