Monday, February 28, 2011

The Role of China

China PMI:

Euro Stoxx 50 (weekly chart):

Oil (weekly chart):


Interesting correlations! Judging by the way the markets moved from last November, the West has become less dependent on growth from China.

2 comments:

Anonymous said...

Adi, what do you think about the market? I think this IT bull will be extended. It will surprise everybody and create explosive short covering.

Tony

Adrn said...

Tony,

The market looks strong but I do not think it will extend above the recent highs. However, I expect it to reach them.