Current Latest Computed Funds Flow Analysis (FFA):
Broad Markets / Big Markets / Big Wind Directions
+ However, Big Hands are still protecting themselves with puts.
+ Markets are turning from bearish-bias to neutral and towards bullish bias now.
+ A short term rally is in the making now.
+ Possible rally tonight when US markets open in 5 hours 35 minutes time.
+ Possible rally in August 2013.
+ Weak markets (e.g. Philippines, India, Korea etc) are already entering into Bear Market Zones at high points.
+ Strong markets (e.g. US, Singapore, Germany, etc) had held on to critical supports temporarily and will attempt to bounce off these critical supports; these critical supports will get tested repeatedly (their critical supports are being tested currently).
+ US markets (DJIA, S&P500 and NASDAQ) will go on to make all time new highs while all other markets are in precarious modes.
+ Rebounds of emerging economies will merely be 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 5900-6000 pts as 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.