Five More Markets Turned Bullish

DOW JONE = Bearish

NASDAQ = Bullish 

S and P 500 = Bullish ( Backed To Bullish Again This Week )

FTSE 100 (England) = Bullish ( Backed To Bullish Again This Week ) 

DAX (Germany) = Bullish 
CAC 40 (France) = Bullish
HANG SENG = Bullish 
SHANG HAI = Bullish 
NIKKEI225 = Bullish ( Backed To Bullish This Week )
SEOUL = Bullish
STRAITS TIMES = Bearish 
TAIWAN WEIGHTED = Bullish ( Backed To Bullish This Week ) 
Jakarta Composite Index = Bearish
KLCI = Bearish
ASX ( Australia All Ordinary Shares Index ) = Bullish
BSE 30 ( Sensex - Bombay ) = Bearish 
Newly Added - PSI (Philipines Stock Exchange Index) = Bearish 
Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bullish ( Turned Bullish This Week ) 

What goes down will come up eventually. There are five indexes backed to Bullish Mode again ; SandP, FTSE 100, Nikkei225, Taiwan and Thailand Weighted Index.
As mentioned last week, China and Hong Kong markets performed extremely well. ASX for some reasons is also doing well. It looks like global markets are not that Bearish after all.

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html