Dow Jones South Korea Index Archives - the patient investor %

June 17, 2012

Asia-Pacific stocks surge on Greek election results

ASX 200 Index is testing resistance at 4120 after Greek voters narrowly favored the New Democracy party in Sunday’s election — meaning that Greece is likely to remain in the euro-zone. Bullish divergence on 21-day Twiggs Money Flow indicates medium term buying pressure — following breach of the descending trendline suggested that the correction was over. Follow-through above 4150 would strengthen the signal, offering a target of the May high at 4450.

ASX 200 Index

Dow Jones South Korea Index respected support at 402. Breakout above 420 would confirm that the down-trend is over. Recovery of 63-day Twiggs Momentum above zero would strengthen the signal.

Dow Jones South Korea Index

Dow Jones Japan Index is testing the descending trendline and short-term resistance at 49. 63-Day Twiggs Momentum still reflects a primary down-trend, but breach of the descending trendline would warn that a bottom is forming.

Dow Jones Japan Index

Dow Jones Hong Kong Index is testing medium-term resistance at 388. Breach of the descending trendline warns that a bottom is forming. Upward breakout would indicate a rally to 440. Recovery of 63-day Twiggs Momentum above zero would strengthen the signal.

Dow Jones Hong Kong Index

Colin Twiggs

Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

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.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.

May 22, 2012

Japan & South Korea

Japan’s Nikkei 225 Index is headed for a test of primary support at 8000 after breaking both support at 9000 and the rising trendline. 13-Week Twiggs Money Flow below zero warns of long-term selling pressure. Breach of 8000 would resume the primary down-trend, offering a long-term target of 6000*.

Nikkei 225 Index

* Target calculation: 8000 – ( 10000 – 8000 ) = 6000

Dow Jones South Korea Index is retracing to test resistance at 425 after a sharp fall below the rising trendline. Reversal of 63-day Twiggs Momentum below zero warns of a primary down-trend. Failure of primary support at 380 would confirm, signaling a decline to the 2011 low of 350.

Dow Jones South Korea Index

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

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

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

April 16, 2012

Japan & South Korea: strong buying pressure

Japan’s Nikkei 225 Index reflects strong buying support, with a long tail on last week’s candle. Recovery above 10000 would signal an advance to 11000*, the gap between the low (9400) and medium-term support at 9000 indicating strong buying pressure. 63-Day Twiggs Momentum confirms a strong primary up-trend.

Nikkei 225 Index

* Target calculation: 10 + ( 10 – 9 ) = 11

Dow Jones South Korea Index is holding above medium-term support at 425. Follow-through above 445 would confirm the advance to 480*. 13-Week Twiggs Money Flow respecting zero (from above) indicates a strong primary up-trend.

Dow Jones South Korea Index

* Target calculation: 420 + ( 420 – 360 ) = 480

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

November 21, 2011

Japan & South Korea

DJ South Korea Index is testing medium-term support at 390 Monday. Failure would signal a test of the primary level at 350. 63-Day Twiggs Momentum holding below zero suggests continuation of the primary down-trend.

Dow Jones South Korea Index

* Target calculation: 350 – ( 420 − 350 ) = 280

The weekly chart of Japan’s Nikkei 225 shows respect of resistance at 9000. Failure of primary support at 8400 would offer a target of 7800*. 13-Week Twiggs Money Flow below zero warns of rising selling pressure.

Nikkei 225 Index

* Target calculation: 8400 – ( 9000 − 8400 ) = 7800

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