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International Markets Topping, But Not Yet Bearish

  • Written by Syndicated Publisher No Comments Comments
    March 9, 2014

    If you happen to follow the major international markets, then you might also be aware that they tend to trend together – not only in terms of price, but also in terms of their technical internal condition.

    In general, most of the major international markets are now topping, some have already topped and others are still yet to top – but they are topping.

    The next stage of this process is for those market tops to be technically confirmed before we even start considering any sort of bearish bias – and at this stage none of the major international markets currently exhibit any bearish technical evidence whatsoever – none.

    However, as these markets do progressively top-out and enter their respective and extended bear market declines, as usual, we will immediately let you as each market technical confirms its entry into their significant new bearish downtrends (paid subscribers only).

    Until that day arrives, there remains no technical reason whatsoever to expect anything other than more of the same. Simple.

    Please enjoy the video.

    [youtube]http://youtu.be/lGVSqdVcqpU[/youtube]

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    Paul Thomason

    Editor, Elliott Wave Analytics

    Images: via Flickr (licence attribution)
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