Dow Jones Japan Index Archives - Page 2 of 2

May 15, 2012

Japan & South Korea

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*.

Dow Jones Japan Index

* 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.

Dow Jones South Korea Index

December 5, 2011

Japan & India

Dow Jones Japan Index is headed for a test of the descending trendline but 63-day Twiggs Momentum remains deep below zero, indicating a strong primary down-trend.

Dow Jones Japan Index

Dow Jones India 30 Titans index found support above 150 and is headed for another test of resistance around 170. Bullish divergence on 13-week Twiggs Money Flow favors a primary trend reversal. Breakout above 172 would confirm.

Dow Jones India 30 Titans Index

* Target calculation: 170 + ( 170 – 150 ) = 190

November 7, 2011

Japan and South Korea

Dow Jones Japan Index is consolidating between 48 and 52. Breakout will signal future direction. 21-Day Twiggs Money Flow is rising but there is no clear break as yet above the zero line. Monday’s candle indicates continued hesitancy.

Dow Jones Japan Index

Dow Jones South Korea Index also showed hesitancy Monday. Reversal below 400 would warn of another test of primary support at 350, while respect of 400 would indicate a primary advance to 450*. 21-Day Twiggs Money Flow is declining but respect of the zero line would also signal a primary advance.

Dow Jones South Korea Index

* Target calculation: 400 + ( 400 – 350 ) = 450

October 31, 2011

Japan and South Korea

Dow Jones Japan Index weakened Monday, warning of another test of primary support at 48.

Dow Jones Japan Index

Dow Jones South Korea Index had a stronger breakout, but is also now retracing. Respect of support would confirm the up-trend, while reversal below 400 would signal weakness.

Dow Jones South Korea Index