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Michael Clark
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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: His writing portfolio can be found at:... More
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Clark's Gate Timing System ©
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  • 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

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


    Stocks: UPS
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