World Bourses

When Dow is indecisive, majority of the world bourses remain listless. However, some variation in form is noticeable. Dow still able to hover around its 2009's peak. FTSE stays closely behind Dow at the top. It is highly possible that their respective major wave (III) have been completed.

Dow has given up 100 points (1%) after 1 hour of trading, is this a clearer sign for major wave (IV) ?
German Dax has a weaker run-up and was unable to break its October peak. Major wave (IV) is being formed.


French CAC is more or less same as Dax, unable to break its October height.


Australia All Ordinaries is very much the same as CAC and DAX, it is forming its major wave (IV) at the moment.
Seoul Composite is more bearish, it has formed a very distinct 5 waves down trend channel.

Japan Nikkei is equally bearish. Is Nikkei heading for the big C formation?



Hang Seng's chart form remains closer to Dow and FTSE than its asian neighbour of Japan and Korea

Singapore STI has a slightly difference form as shown below. It appears that it is forming a diagonal wave 5.

FBMKLCI may hover around its 2009's peak but since the middle of October, divergence between the index and OBV started to develop indicating strong distribution of stocks.
There is also divergence between KLCI and cumulative advance/decline, this is a bearish sign.

Back to Green Packet Bhd, today it formed a 'spinning top' candlestick, which can be a reversal candlestick, it is possible that it has completed its sub-wave ii. However, if it continues to move downwards despite of the 'spinning top', then I can be totally wrong in my wave count.