Asian market positive technical regional theme remains in force, with the Shanghai Composite index the stand out : it generated an initial buy signal at 2105...

Asian market positive technical regional theme remains in force, with the Shanghai Composite index the stand out : it generated an initial buy signal at 2105 on 24/7/14, and a secondary buy signal at 2288 on 3/9/14. Upside potential remains. During June/July the 3 key Asian indices - Nikkei, Hang Seng, Shanghai Composite - all generated technical buy signals in rapid succession, which given this occurred in a cluster, flagged the Asian region as having the potential to stage a further rally. The Nikkei has recently reached it's nominated upside technical target@16,300, and the Hang Seng reached it's upside technical target @ 24,100. There are currently no signs of a technical top formation emerging on either index, despite the pullback from the recent peak.