Strait Times(1704) Near Term Trend:Negative I was actively considering bullish up move- counter trend- since Oct lows. The rally did occurred but in a very fragmented manner, with more 'time' consumption rather than 'price' action. See the inlaid daily chart, the index halted its corrective ..
Dow Jones Industrial Average (8599) Near term trend: Down For the last 13 weeks Dow is stuck in the trading range of 8k-9k, with significant resistance near >9k. The week ended 10th October 2008 has seen a massive fall from 10322 to 7882 i.e 23.6% fall within a week(pointed by blue arrow on the ..
MERVAL BUENOS AIRES(1123) Near term trend: Negative In the last review I said "the "flip side" is that we are still trading well below the important trigger of "1216". In the near short term expect a weakening of the prices if Index failed to close above 1150 or the important 1216". In ..
FTSE 100 (8599) Near term trend: Down Form the Oct low (3665) the index has gained over 27% in a mostly likely 'corrective' rally within the structural bear market. Last weeks high of 4675 is almost there on 0.50% retracement level (4650)of entire fall from 5649 to 3665, i.e. last segment of ..
World Index(321) (In house-based on 44 active indices of the world) Near Term Trend: Down In the previous review I said " on the weekly chart it can be seen that the bulls are swung back and attempting an upward break of the falling parallel channel (blue), i.e. indicating an reversal in the ..