kelm

Psychology of the Rally Changes

I would argue as well that taking a look at the Shanghai index and the Bovespa provide complementary indicators as well. As noted above this is a global crisis that displayed no decoupling on the way down. Interestingly, global markets are all in corrections at about the same time again (look at the charts and you'll see that Shanghai and Brazil were both poised to correct technically this week). How those markets react to this correction could be telling. Especially if we see decoupling.