Feb

21

Inspired by Vic and Laurel's observation that Eastern markets lead the Western markets, I have been observant of the global equity indices relative moves. At the interday level, data observation of 10-15 days windows, it seems most Western markets are fiddling with deciding to break out or not to break out of the 20 day highs. Similar situation is visible on the very Eastern markets of Nikkei and Hang Seng. The market in between, India, which has had no holidays in the recent few weeks has run ahead on the form of the movements. It broke out of the 20 day high range to deceive and then slid. Last five days are witnessing a rally from this slide.


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