Here are a Few Charts, Globetrotter Style!
First stop Europe. The DAX, arguably the leader of the European Stock Markets, has stalled at the 50% retrace level and has not made a higher high since October, after a very scary drop (labeled as "Yowza"). Is it's rally done for the time being?
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPVu3XjBnxPbyKU_oLUgs0CHwVbfvkQcWalTxzVr9_jVbriFuWOQ7C9Z0LuTRPszZ8ShKb6KUoEq7Q_u4rIlNlZRD7qE4FNmJ1BWmPjdMlqBs0QqWUPbBMPvtMqkv69nW1nQvvxIsaP-gM/s320/0binve-001-201.png)
Next stop, India! The BSE has had an *impressive* rise off the bottom, but its rally has maintained a distinct wedge shape (other indices have mostly morphed into a rolling top). There was a sharp pullback and then a rebound with no new highs. This is a good one to keep your eye on.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRZ8BJlLOXvsXLUJsbhZRkxDTUkVOqHGH_YOLSWxwEcXr2E19kcitaxc7u2QxtXKEGgMl9iiLGPmpCeuCCQibagWIriljE63wsax3rRKcC_KbmaBvUwTp4wPupCy8kNNRRefItqDcYKVTJ/s320/0binve-001-208.png)
Next stop, the Far East! I have spent a lot of time writing about Asian Markets, please look through my posts for more observations: Asia
First look is at the HSI. Not looking so hot my friends. It is a heavy mix of Asian/Chinese stocks and Financials. And financials are far from healthy at the moment. It looks like a large ending diagonal. There was a breakdown, move up to the lower channel line and another breakdown. I think this chart is saying "lots of trouble ahead"
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh54bcVQlWPi3zgnZfHt_gDXX6K0fj_aEAZCvpVX3ctyp8BlnzJX-pLfZfLbuP_wPBXUQ-AF5ZczaznM4WeuHLw-kW1hiK6PTciJPWQvk40sFyohi7mPKuN7lmSq3fPGoSPzGp18qAd-y5E/s320/0binve-001-202.png)
Next is South Korea. It is coming up on major resistance. I tried once and was tossed back hard. But now the pattern is turning bullish again. What was a down channel is now looking like a bullish flag with a break out above. I think it is going to make another run at the lower major resistance zone.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKzQpVycGNAXVQaBeVBH_34SQf6Vns9Lh1M9UmlGfKFoJ_CiDMFCcdZd1wDxZQWdNu9o_IyaXkliJUdaVkHPoWw74rHU4ZEHSXqx3i97qJOsUN2ONAAn1G0vkwIlrEWG4uEPqXftNsaGlQ/s320/0binve-001-203.png)
China / via the Shanghai exchange. Read the notes, they tell the story.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYUGW93tW50TDNSn1PTA_1t_Jmjyx1zAl9HQHMm-in_1sVAO9LBOXRLbGpVPxm9kNvglsoSn0eEOTHJNc9H654wrdxOHAl7meUpj4tjzbuV-fcNWwvEDnPdiOHSL8qWB1O61VfessOcwws/s320/0binve-001-205.png)
Next Tokyo. I have written Several posts on the NIKKEI.
NIKKel, I Deserve at Least $0.06 For This Analysis last week, If I had a NIKKel for ....) Nov 29, where I identified the potential H&S setup, and Long Term Count of NIKKEI back in Sept.
This is looking very much like a potential H&S, very bearish. And combine it with the long term count .... very bearish.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOq5GWHtBCXXxXeVDrPr5X9d3x6ygsWCxRca7rR8BifZXPJwynHfmus5VdCD1Enin_XlK2WcFsDi8-08lhisi9jc1GLXPT_SKxJi7rI72tm0ntQlQ2wadd-AKej2AGKF2_lUGxKMHPUZ3O/s320/0binve-001-206.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgi-2VsfbVRMssotwNueMlz9k70uQnGiCapRi1XVXEPTt-6ri2kRLSI1rvL3hCP70y_bqPd5SYBj7qj1jtbVj4VFnPkoPx5Rx55R5aiGPHhqW_nh62zsL8BtA6dIEjhfdgFPKyvAoDGFr0G/s320/0binve-001-207.png)
Next stop, South America! The Brazilian BVSP is putting on an *impressive* run!! Holy Cow! Will it make a new all time high? I think the odds are definitely on its side.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjoIAk0183RBPctYky7mvCep0EizioeUi5vhxcOSClzoQ7XBGpBBf4rvTdHu2SsVBp01kSpCxdtDsZq5HCk6WK6XWiepamrAeLEnhJTbr11Dzfkj2qyYUjQvClxPcA-e3Nl8c0nQbN6IBA/s320/0binve-001-209.png)
Back to the USA. Looking at the weekly chart of the SPX, two words come to mind: tired and weak. Lots of negative divergence on the indicators, especially the money flow. And the top of this rally is looking very rounded indeed.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg52oQ7Z6l956rCbcTyyBCdUvt8eT1jNqf3am52Ru6MXkt1cfOlVD8Fq-FT8Rh0kD7o5MgwKigo8pKO7ioeSAgK-lYJxrrQ7BsZd5-79cZL6KJxjozZU6yf-_arvhN7akAtSBi-9ALXHFAf/s320/0binve-001-204.png)