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Friday, 13 July 2012

Asian Markets: Prelude to European and US selldowns

13 July 2012, Friday, Singapore Time 8.30am
Friday the 13th: Asian futures are green and Asian markets not yet opened. US gapped-down opening yesterday night (Asian Time) followed by slow progressive recovery towards the close is a deliberate attempt to allow Asian futures to open green looking like buy-on-dip, but it is not. It is a technical Modus Operandi. From technical aspects, it is to continue with selldown mid day. This will induce a bearish and bloody European markets. Another sell down coming. Watch your front.

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