New York  London  GMT  Tokyo  Singapore 
David Spurr

Foreign Stock Markets Consolidate Too

By David Spurr on December 19, 2008 | More Posts By David Spurr | Author's Website

US markets seem to resemble the Hang Seng (^HSI) more closely than the Nikkei (^N225).  The dates of the bottoms correlate more closely; the patterns are similar.  Both symmetrical triangles that are in the process of resolving themselves.

I will be watching for a sign as to which markets are going to break first, or provide us with information.  The Australian market has shown very high volume recently. It’s in a consolidation pattern, similar to S&P 500 (^GSPC) as well.


If you like this article please...
Subscribe by RSS Subscribe by Email Email This Post To A Friend Email This Post To A Friend

Leave A Comment :

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.
Opinions From Our Contributors
Commodities Financials Exchange Traded Funds
Stocks Forex Economy



HEADLINES
UPCOMING EVENTS
In 22 hrs: NZD Visitor Arrivals (OCT)
In 1 day: AUD New Motor Vehicle Sales (MoM) (OCT)
In 1 day: AUD New Motor Vehicle Sales (YoY) (OCT)
In 1 day: JPY Supermarket Sales (YoY) (OCT)
In 1 day: CHF Money Supply M3 (YoY) (OCT)
Enter Your Email Address
Theme By: WordPress Theme Shop