Goldilocks and the 3 Bears (FTSE100, DOW, S&P500

[Hoop]

Good news update

Quote from the 29-09-2010 thread

So is it good news from now on?....Well yes and No....No if we continue to use Shanghai as the leading indicator.

Shanghai our leading Goldilocks has broken a trend line which looks very suspiciously like that this last 2 month rally has been nothing more than another Bear market sucker rally. However it is presently in a trading range and a sucker rally will not be confirmed until it breaks that 2565 support.

Shanghai Composite did not break down at the end of September it has ralled and broken out upwards out of its ascending broadening wedge/trading pattern type formation.. a bullish sign.

The chart speaks for itself so no need for trend , S&R lines.

For the gap watchers ...spooky ..huh

So is Shanghai still leading ? ...Well, the other markets seem to in that flat patch that Shanghai has previously experienced (without the bear scare so far..yet to come?)... so.....perhaps Mid to late November may be looking real good for the NZX FTSE All ORDs. Early December DOW S&P500....lets predict then wait and see

In the meantime lets go GAP hunting

[Hoop]

Shanghai Composite off on a little rip-snorter of run ... What a beauty.

Still snorting Belg...Snorted that much that everyone now knows it's a Bull now. Its just broken its primary bear trend adding another confirmation that it has resumed its Bull Market Cycle.
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