China 2690
China lead the downturn last year in August 2009 from 3500 to just above 2300 in June. China market has retraced 1/3 of the fall to 2700. A decisive move above 2750 is required in the next few weeks, if the Bulls want to see 3000 again. Break and close below 2500 will be the signal for the BEARS.
Australia ASX200 4620
Australia topped out at 5000 in April, several weeks before the S&P500 or FTSE. The fall to 4200 in July has been retraced 50%. A weekly close above 4600 will give the Bulls the energy to retest 5000
Apple $267
Apple has traded between $240-$280 for the last 6 months, apart from the flash crash on 6th May when the shares dropped to $200. Upside target is $320 by Dec 2010 on a close above $280. Then I would short the shares with a target price of $200 in 2011.
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