Saturday, 13 August 2011

Global stocks weekly charts

The trend is down across the globe. Now that the trend has turned down, surprises will occur to the downside.

US S&P500. The recent decline looks like an echo of the decline in December 2007 & January 2008, merely a kick-off for a powerful decline over the following year or so. ...


Aussie ASX SPI 200. The market will open on Monday wrestling with resistance from both the 2010 lows and the trend line formed from recent market action...


China H-shares index shows a clear break of support at 11000. In 2008, the break lower through 11000 saw the market testing 5000 within a couple of months...


India Nifty 50, looks to me the strongest / least weak of all the markets covered by this post...


The Japanese Nikkei has yet to break support, but if support breaks, the measured target from the Head and Shoulders top would indicate a likely swift decline toward the 2008 and 2009 lows...


German DAX, the wedge shape leading to the peak indicates that the market will return to its 2009 low at a rapid pace...


UK FTSE. Like the DAX, the wedge shape leading to the peak indicates that the market will return to its 2009 low at a rapid pace...