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Who are the Leaders in Asia Stock Markets?

According to Daryl Guppy, China's Shanghai Composite is the leading indicator of recovery.


Korea's Kospi is the leading indicator for Asia. Korea's Kospi, like Straits Times Index and Hang Seng Index, is a follower of the US Market.


Korea's Kospi has also broken strongly above the trading band and is reaching towards the trading band targets. (see note below)



A tip from Daryl Guppy ( I received during the talk I attended in late April 2009), if Kospi "dies", ie cannot break 1450, the rest of will follow. Game over!


(Note: this Chart is not latest. Todate, Kospi had broken 1400, hit 1430+ and retreated. So, Watch out!)


Taiwan, Hong Kong and India have also broken above the upper edge of the trading band. Australia has not. Australia lags trading band development and breakout behavior when compared to other regional markets. Not surprisingly, when the width of the trading band is measured and projected upwards it gives a target near 4400 which also is near the other resistance features defined by the trend line and the GMMA.

Source: extracted from Darly Guppy's article posted last week.


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