6 Bearish Indexes Are In Asian Countries

DOW JONE = Bullish (All Time High) 

NASDAQ = Bullish 

S and P 500 = Bullish (All Time High)

FTSE 100 (England) = Bullish

DAX (Germany) = Bullish (All Time High) 

CAC 40 (France) = Bullish 

HANG SENG = Bearish 

SHANG HAI = Bearish 

NIKKEI225 = Bullish

SEOUL = Bearish 

STRAITS TIMES = Bearish 

TAIWAN WEIGHTED = Bullish 

Jakarta Composite Index = Bearish 

KLCI = Bullish 

ASX ( Australia All Ordinary Shares Index ) = Bullish 

BSE 30 ( Sensex - Bombay ) = Bullish 

Newly Added - PSI (Philipines Stock Exchange Index) = Bearish 

Newly Added - TSEC (Thailand Stock Exchange Weighted Index) = Bullish

6 out of 18 Global Indexes monitored are in Bearish mode. As mentioned last week, the 6 indexes are all in Asian. This is obvious that funds are flowing away from Asian countries. As contrarian, maybe we should look into Asian rather than chasing the rest of the world. 

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