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by Barton's Global Market
US trend uncertain
27th October: The S&P500
pulled back above the neckline of its double top and above the next resistance
above that, putting in doubt the target of 1,790 and the short term bear
trend that I forecast last week. On the other hand, a new channel may have
appeared. We'll have to sit and wait for clearer indication of trend.
Europe is looking weak. Thailand
still looking bullish.
Last full update
World still basically bullish
29th September: A
few grey clouds here and there around the globe: oil, gold and silver are
looking quite bearish for the next quarter or two. But otherwise, equity
markets are mostly bullish.
China, Hong Kong and Japan have
the greatest upside potential. Thailand and India look strong. Philippines
and Indonesia are testing previous highs. Malaysia and Singapore are drifting
nowhere, as is Europe at the moment.
The Yen is well supported at
the current level, as is the Euro. Both of these currencies are likely
at their year lows.