12 noon – Healthy test for DJIA !
GLOBAL ECONOMIC STRATEGY
There are rare times when major economic events all come together. There is increasing evidence that this is one of the times. I suspect that in future years the period 2007 through 2011 will be seen as a major turning point in much the same way as we now refer to the 1929 to 1939 period.
There are three important events in global markets this week. They suggest a significant change is developing. The events are: Read the rest of this entry →
INDEX BRIEFS – HANG SENG, HONG KONG
INDEX BRIEFS – HANG SENG, HONG KONG
By Daryl Guppy
The valid pattern is the Hang Seng is the trading band. The move below the trading band was the key signal. The width of the trading band, projected downwards, provided the target support level near 19,500. This was achieved, and acted as a rebound point. This creates a much broader trading band stretching from 19, 500 to 23,000. This trading band pattern will continue to dominate the Hang Seng movement.
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