Dow Jones Japan Index is headed for a test of primary support at 47. Reversal of 13-week Twiggs Money Flow below zero warns of long-term selling pressure. Failure of support would resume the primary down-trend, offering a target of 38*.
* Target calculation: 48 – ( 58 – 48 ) = 38
Dow Jones South Korea Index reflects stronger support on 13-week Twiggs Money Flow, but reversal of 63-day Twiggs Momentum below zero would still warn of a primary down-trend. Failure of primary support at 380 would confirm.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.