The next index HAS a pulse. Note the very obvious pulse in the Japanese Index, the Nikkei.
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We follow this picture with a picture of an index that very definitely has had a very small pulse for some time: HUI, Gold Stock Index. The HUI has had no pulse (or, at best, a tiny pulse) all through this massive decline in Gold Stocks. This shows how this Pulse Indicator can presage a major decline.
We expect Gold Stocks to begin to bottom. Note the uptick in our long-term T11 Sunmarry indicator in Pane Four. This suggests the real beginnings of a bottoming process; but we are not buying gold stocks yet.
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Japan’s indexes are soaring. But China’s are not. The Shanghai Index (SSEC) has shown an utter lack of a pulse for the last six weeks; and its CGTS (black line, central pane) is heading lower.
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Japan has been up, China down; and South Korean stocks have also been suffering from a diminished pulse. And continue to do so.
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