World Market Summary

We have some strong rebound last week. I don't think it can hold. Someone is supporting the S&P500 so that it is above 1050. Maybe S&P500 will form the right shoulder of a H&S formation. This may take 2-3 weeks.

World	Monthly	Weekly	Daily
S&P500	Up	Down (-)	Down
DJI	Up	Down (-)	Down
NasdaqComp	Up	Neutral	Down
Nikkei 225	Neutral	Down	Down
Kospi	Up	Down (-)	Down
SSECI	Down	Down	Neutral (+)
HSI	Neutral	Down	Down
TWII	Up	Down	Down
STI	Up	Down (-)	Down
JKSE	Up	Neutral	Down
SENSEX	Up	Down (-)	Neutral (+)
AORD	Neutral	Down	Neutral (+)
NZX50	Neutral	Down	Down
FTSE	Up	Down	Neutral (+)
DAX	Up	Neutral	Neutral (+)
RTSI	Up	Down	Down
Bovespa	Up (+)	Down	Neutral (+)