Broad Markets / Big Markets / Big Wind Directions
+ Big dual buys today.
+ Big Hands, however, are still protecting themselves of any immediate term continued selling using Puts.
+ Short term bottoming in progress in worldwide markets.
+ Some weak markets (e.g. Philippines, India, Korea etc) are getting into Bear Market Zones.
+ Strong markets (e.g. US, Singapore, Germany, etc) will hold the supports for now (their critical supports are being tested currently).
+ US markets (DJIA, S&P500 and NASDAQ) will go on to make all time new highs from here
+ Emerging economies will make dead cat bounces.
In essence, there will be 3 groups of BIG MARKET MOVEMENTS from now:
1st Group (Weak Markets):
Weak markets such as Korea, Philippines, Indonesia, Spain etc.
These markets already broke down critical supports which denote initial bear market stage; these will do dead cat bouncing back-tests (falling knife dead cat rebounds).
Sell on rebounds.
2nd group (Mid-strength Markets):
Singapore, Hong Kong, UK, France, etc
These markets will rebound off critical supports now (STI 2925-3065 pts, HSI 19000-19500 pts, FTSE-UK 5900-600 pts all analysed previously), with no breakdowns yet. Refer to all past technical analyses.
Ride, observe and be cautiously ready to sell.
3rd grp (Strong Markets):
US Markets of S&P500, DJIA and NASDAQ.
These markets will make all time new highs and throw a big array of confusions to traders, investors and analysts. While US will go on to make all time new highs, weak markets' rebounds will confirm bear market and mid-strength markets may transit to bear market phase in this rebound.
Ride and observe and be cautious.
Implication of Broad Markets/Big Markets/Big Wind Indices Directions
If it is a rising tide in Index Big Wind, most or almost all stock boats generally rise;
If it is a receding tide in Index Big Wind, most or almost all stock boats generally go lower.
Hence the importance of Big Wind Directions blown by Big Hands.