Broad Markets / Big Markets / Big Wind Directions
+ Fear has begun to creep in but not full scale of fear yet.
+ Partial capitulation with weak holders starting to give up in the short term, but not full capitulation yet.
+ Main direction still bearish biased for the short term
+ Short term longs-killing-longs style of selling by retail investors/traders is taking place currently.
+ 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.
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 walked by Big Hands.