![\"Sensex\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-19-bse.png?resize=525%2C355&ssl=1\" "\\"Sensex\\"")
<\/p>\nIndia’s Sensex found support at 20200 before rallying to test resistance at 21200. Breakout above its 2007 and 2010 highs at 21000 would confirm the primary advance, offering a target of 24000*. Rising 13-week Twiggs Money Flow suggests medium-term buying pressure. Reversal below 20200 is unlikely, but would warn of a correction to primary support at 18000.<\/p>\n
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* Target calculation: 21000 + ( 21000 – 18000 ) = 24000<\/p>\n
Japan’s Nikkei 225 broke through resistance at 15000, but bearish divergence on 13-week Twiggs Money Flow warns of selling pressure. Expect retracement to test the new support level. Respect of 15000 is unlikely, but would confirm the primary up-trend, with a long-term target of 17500*. Reversal below the rising trendline would test primary support at 13200, warning of trend weakness.<\/p>\n
![\"Nikkei](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-19-n225.png?resize=525%2C355&ssl=1\" "\\"Nikkei")
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* Target calculation: 15000 + ( 15000 – 12500 ) = 17500<\/p>\n
Singapore’s Straits Times Index respected support at 3000 on the monthly chart, but is struggling to make an impression on long-term resistance at 3300. 13-Week Twiggs Momentum below zero continues to warn of a primary down-trend. Breakout above 3300 is unlikely at present, but would signal a primary advance to 3600*.<\/p>\n
![\"Straits](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-19-sti.png?resize=525%2C355&ssl=1\" "\\"Straits")
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* Target calculation: 3300 + ( 3300 – 3000 ) = 3600<\/p>\n
China’s Shanghai Composite is testing resistance at its upper trend channel. Follow-through above 2200 would indicate the correction is over and a test of 2270 is likely. A down-swing to test the lower channel is just as likely, however, and would indicate continuation of the correction. Completion of a 21-day Twiggs Money Flow trough above zero (say > 15%) would signal medium-term buying pressure. Breakout above 2270 may be some way off but would signal a primary up-trend.<\/p>\n
![\"Shanghai](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-19-ssec.png?resize=525%2C355&ssl=1\" "\\"Shanghai")
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Hong Kong’s Hang Seng broke resistance at 23500, signaling a primary up-trend. Follow-through above 24000 would confirm, offering a medium-term target of 24500 and a long-term target of 28000*. Rising 13-week Twiggs Money Flow indicates medium-term buying pressure. Reversal below 23500 is unlikely, but would warn of another test of 22500 or the primary trendline.<\/p>\n
![\"Hang](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-19-hsi.png?resize=525%2C355&ssl=1\" "\\"Hang")
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* Target calculation: 24000 + ( 24000 – 20000 ) = 28000<\/p>\n
The ASX 200 is testing medium-term support at 5300. Penetration of the rising trendline, would warn of a correction. Bearish divergence on 21-day Twiggs Money Flow suggests selling pressure.<\/p>\n
![\"ASX](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-19-asx.png?resize=525%2C355&ssl=1\" "\\"ASX")
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The monthly chart shows a correction would be likely to test the secondary rising trendline around 5000. Recovery above 5400 is unlikely at present, but would signal an advance to 5600*.<\/p>\n
![\"ASX](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-19-asx-m.png?resize=525%2C355&ssl=1\" "\\"ASX")
<\/p>\n
* Target calculation: 5450 + ( 5450 – 5300 ) = 5600<\/p>\n","protected":false},"excerpt":{"rendered":"
India’s Sensex found support at 20200 before rallying to test resistance at 21200. Breakout above its 2007 and 2010 highs at 21000 would confirm the primary advance, offering a target of 24000*. Rising 13-week Twiggs Money Flow suggests medium-term buying pressure. Reversal below 20200 is unlikely, but would warn of a correction to primary support … <\/p>\n