Monday, 31 January 2011

Will February signal a 10% Correction

Global markets are looking vulnerable to a pull back. February  is statistically one of the weakest months of the year, only September  is worse. The targets for the 4 Major markets (DAX, FTSE, N225 and S&P500) and the 3 BRIC markets (BVSP, BSE and HSI) are

Market Low High 5ema 10emaTrade LevelTarget
DAX 7000 7180 7106 7086 BUY 70007300
FTSE 5878 6003 5928 5943 SELL 60005700
N225 10278 10496 10410 10424 SELL 1050010000
S&P500 1275 1303 1288 1287 SELL 1288 1220
BVSP 65897 69556 68190 68930 SELL 70500 60000
BSE 18235 19341 18750 18950 SELL 20250 16000
HSI 23580 24024 23775 23840 SELL 24000 21500

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