Monday, February 18, 2008

Asian indices sightings.

Tracking the Shanghai Stock Exchange Composite Index of CHINA
The Beijing's 2008 Olympic Sports are just in the horizon of August 8th.
China's stock market is beginning to bounce as it has touched the Main Pivot.The olympic theme play euphoria might help to sustain its level but there's one major obstacle---China needs further rate hikes.
Inside China:
Tsinghua Science Park , known as "China's Silicon Valley",lies in the core of Beijing's Zhongguancun area.(Sillicon Valley - ZhongGuanCun - Tsinghua Science Park)
Tsinghua University lies in the north, Peking University in the west, and the northwest section of the 4th Ring Road in the south. It is also close to The Summer Palace, and overlooks the distant Yuquan Hill.
Tracking Hang Seng Index of Hong Kong.
The mjor indices are hoovering between the main pivot and bear pivot zone.
The bullish harami seen should be able to lift it towards the Main Pivot shortly in line with the Dow jones index chart.They are following their American peers.It has comfortably found its bottom and consolidating.
http://www.hkex.com.hk/


Tracking Nikkei 225 of Japan.
Japan's Bubble Economy has gone beyond the Main Bear Pivot and has bottomed out.The bullish reversal harami at this consolidation phase has set the platform for a rebound.Seems that they are at the tail end of a recession.
Former Fed of US ,Allan Greenspan also mentioned that the US is at the "EDGE"of a recession.So the hints is recesssion has and due for completion.