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...
Leave A Comment :
Recent Market Opinions:
Stock Investor Sentiment: Changes Within The Indicators
The Mob Rules - At Least So Long As Long As Goldman And The Fed Can Continue To Drive The US Dollar Into The Ocean
Dollars And Books Revisited
Stimulus Is Only Stimulating “Economic Misery”
The Problems With “Printing Your Way Out Of Debt”
Recent News:
Moody’s Upgrades China’s Ratings Outlook To Positive From Stable - 46 mins ago
Indian Market Up In Early Trade - 57 mins ago
South Korean Producer Prices Fall In October - 58 mins ago
*Moody’s Raises Outlook On Hong Kong’s Aa2 Government Bond Ratings To Positive - 1 hr ago
*Moody’s Changes China’s Ratings Outlook To Positive From Stable - 1 hr ago
Opinions From Our Contributors


