Current Latest Computed Funds Flow Analysis (FFA):
Broad Markets / Big Markets / Big Wind Directions
+ Big Hands had flipped from holdings in Longs to holdings in Shorts since 22 days ago.
+ Big Hands' Holdings: Still non-insignificant amount of Shorts, with Shorting-bias in STRENGTH and with Bearish Puts Holdings.
+ Immediate 1-2 day intra-day rebound execution in progress as per warned yesterday
+ More sell-downs still expected to take over in the short-mid term.
+ Longs should be cautious, with rebounds as shorting opportunities.
+ The short term and mid term rebounds of international financial markets have come to an end per anticipated since last week.
+ IMPULSIVE SELL-DOWNS still underway for mid term.
+ Cautions are to be taken.
+ Many international markets will resume testing bear market boundaries soon.
+ 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 may hover at all time new highs and throw a big array of confusions to traders, investors and analysts. While US hover around 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.