Short Term Trading Member Forum

[techcharter]

Globe Trotting


Nikkei:

The Godzilla market is about to appear in Japan. The chart has been gappy the last 2 months. Gaps to the upside were eventually closed, and then some, very rapidly. There were gaps up last week, so the Nikkei is ready for a sudden drop. The Bulls just can get the market to follow through with a meaningful rally.

http://stockcharts.com/def/servlet/SC.web?c=$nikk,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La...

FTSE:

The FTSE is the closest European market to the DOW in terms fo retracing the drop from early August highs.

http://stockcharts.com/def/servlet/SC.web?c=$FTSE,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La...

DAX:

The DAX has only retraced about half the drop from early August highs. The general shape is the same as the FTSE. A bearish nonconfirmation may be setting up.

http://stockcharts.com/def/servlet/SC.web?c=$dax,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La1...


Hang Seng:

The HSI has been flat for the last couple months. The least bullish is and ending diagonal finishing the next week or two. The more bullish is a Wave C covering the same timeframe to the 13000 area to close a gap down made in early April.

http://stockcharts.com/def/servlet/SC.web?c=$hsi,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La1...

The global markets are getting ready for a turn.