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Wednesday, November 10, 2010

Stock Markets Top

Copper market trend consolidating. Higher high and higher low.
> 400  (1st Top 400 - Done in early November 2010! Next Top could be higher than 450 due to semi-conductor conversion from gold to copper, QE2, etc.)

STI near 3500 (blue chips stock) stock market TOP but mid cap stocks, and penny stocks may continue rotational rally.

SSE near 3800 Top (stock market top may roll over to early 2011).

HSI near 29000/33000 Top (stock market top may roll over to early 2011)

SPX - if USD continues flowing out till Q1 2011 to Asia, likely a near 2Qs consolidation till end Q1 2011. Stock market index upside will be limited with top at 1300. Let's monitor... VIX likely cap at 15 to 20 range.

Gold - will continue to trend higher high regardless of positive or negative economic news.

No major market reversal at Asia especially from China, India, US... above stock market TOPs are within reach this year (expect the unexpected - UPs and Down)

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