So goes Asia/Hang Seng, so goes the world?

So goes Asia/Hang Seng, so goes the world?

CLICK ON CHART TO ENLARGE The Hang Seng Index and China ETF (FXI) have been rather weak over the past year, after breaking from their flag/pennant patterns. Of late their counter trend rallies have them testing falling resistance, based upon a series of lower highs....
Different….yet they look alike!

Different….yet they look alike!

 The 6-pack below reflects DIFFERENT MARKETS from around the world….yet they very much have LOOK ALIKE PATTERNS!   CLICK ON CHART TO ENLARGE This 6-pack is a great reflection of how correlated the worlds markets have become.  Some of the...
World on a high wire…

World on a high wire…

Global markets on a high wire? CLICK ON CHART TO ENLARGE Global markets remain in a very tricky situation, per the vast majority of them are setting on support lines at the same time.  Last weekend I ran a post titled “Look Alikes, Domino’s and...