Forecast MONDAY short term TREND for Asia.
SSEC. UP
NIKKEI UP
INDY. DOWN
$EWA DOWN
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Intermediate Forecasts Asia,
Shanghai Stock Exch. Composite China almost at TARGET 50% up called LIVE on twitter 3 months ago. The Shuttle trading with Hong Kong has exploded trading in mainland issues promising future needed credit extension, etc.
Linear Regression UPTREND, Bollinger Bands widest in 6MO, announcing a DROP, double touch Upper Band usually projects a strong fall.
Heavy DOL is hurting China, BOJ efforts in past pushing YEN down (DOL UP) created severe inflation, unemployment, unrest, inside China. Now $USD is at 5 year+ high. Expecting Mkt. to lower next.
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Nihon NIKKEI at a multi-year HIGH FRIDAY, helped by higher exchange rate on YEN, multinational exporters lead by Toyota Expecting higher earnings. Linear Regression is uptrend, Bollinger Bands narrowest in 3 months, calling for more up.
We had a LIVE NIKKEI 19,000 Target few months ago, when BOJ indicated USD/JPY TARGET above 120. Looks higher here. A word of Caution, $USD may start a REVERSAL soon, it dropped - 0.35 from highs Friday late.
Higher DOL $USD will eventually hurt commodities including stocks, metals did a strong reversal DOWN FRIDAY on DOL strength, It is to US interest to 'Manage' the $USD lower. Well, that is illegal, or is it?
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INDY. ETF for NIFTY 50 in India had a good run after elections, LR TREND appears REVERSING to DOWNTREND next. Bollinger Bands were narrowest in 6MO separating now, a double touch upper, usually proceeds a BIG drop. Expecting lower.
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$EWA Australia Country ETF, Currency has been weakest in years, reflecting SEVERE ECON troubles, international exporters, mainly miners exporting Iron ore and crude $OIL into China, $BHP and $RIO struggling with China's lowered GDP from 14% to 7%,< and they usually lie.
Linear Regression and Bollinger Bands both point to resuming index lowering, looks like bad times ahead for Australia, Highest Wealth Factor per capita ratio in the world.
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Asia Recap, AUS, So. Korea, and China showing signs of severe slow down, Asia tigers in same course, banks in China unable to provide liquidity for further expansion. I would watch Events in STI, and Singapore closely, next few weeks, new hub for Asia trading and new issues financing.