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).
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