Seeking Alpha

Michael Clark's  Instablog

Michael Clark
Send Message
Michael J. Clark was born and raised in Sinclair, Wyoming. He is a poet, novelist, artist, historian, and market analyst. His fine arts portfolio can be found at the following address: http://www.hoalantrangallery.com/MJC2.htm His writing portfolio can be found at:... More
My company:
Clark's Gate Timing System ©
My book:
TURN OUT THE LIGHTS
  • CGTS Monday 22 June 2009: Buy Signals on Foreign Indexes: Australia, Japan 0 comments
    Jun 22, 2009 4:21 AM | about stocks: UPS

    Clark's Gate Timing System ©
    Monday 22 June 2009

    Buy Signals on Australian and Japanese Indexes

    While I’m very suspicious of this rally, I’m still getting buy signals on foreign indexes: the Australian All-Ordinaries Index (AORD) and the Nikkei (N225).

     AORD Chart

     

    N225 Chart

    I am suspicious about the rally because I view it as a Bear Market Rally – and expect a testing of March lows.  One of the bell-weather stocks of a recovering global economy will be United Parcel Service (NYSE:UPS).  UPS is very negative at the moment, showing a continuation of bearish behavior, broken support, failed resistance and a descending wedge technical formation.
     

     


     

    More information on this system can be found at

    home.mindspring.com/~mclark7/CGTS09.htm

    MJ Clark's Gate Timing System
    22 June 2009
    Hanoi, Vietnam

     

    Stocks: UPS
Back To Michael Clark's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.