World Weekly Summary

S&P 500 Weekly Chart

S&P 500: Looks like it is going to challenge the downtrend line again. At Friday's (6 Nov 2009) closing, I don't see the possibility of a successful break yet. The index should built a base a current level so that the challenge can be successful.

SSECI Weekly Chart

SSECI: Gave a buy signal on Monday (2 Nov 2009). Looks like it will challenge 3480 resistance.

For the rest of the world, the signal is mixed. Each market is at different phase of correction. I believe that this is good. What I fear most is a strongly correlated up and down market. The former indicates euphoria, while the later indicates panic.

World	Monthly	Weekly	Daily	Note
S&P500	Up	Up	Neutral	R=1.12k, S=1.01k
DJI	Up	Up	Up (+)	R=10.1k.
NasdaqComp	Up	Up	Neutral	R=2.18k
Nikkei 225	Up	Neutral	Down	Next R=11k
Kospi	Up	Neutral	Down	R=1.9k.
SSECI	Up	Up	Up (+)	R=3.5k. S=2.6k. Finding base.
HSI	Up	Up	Up (+)	R=23.5k, S=20k.
TWII	Up	Up	Neutral	R=7.9k. S=7k
STI	Up	Up	Neutral	R=2.7k. S-2.52k
JKSE	Up	Neutral	Neutral	R=2.5k. S=2.3k
SENSEX	Up	Neutral	Down (-)	R=17.6k
AORD	Up	Neutral (-)	Down (-)	R=4.9k
NZX50	Up	Up	Neutral (-)	R=3.2k
FTSE	Up	Up	Neutral	R=5.4k
DAX	Up	Neutral	Down (-)	R=6.15k
RTSI	Up	Up	Neutral	R=1.5k
Bovespa	Up	Up	Up (+)	R=66k