Chartists In Beauty Contest

I am taking the Japanese candlestick masters from Nomura, that have published report in English today, but compiled on 14th February. So, this is not very fair, but Japanese masters have been forecasting a correction for months now.

Click on chart to enlarge, courtesy of Nomura.

However, we have got a bullish confirmation signal according to Dow Theory yesterday.

Click on chart to enlarge, courtesy of Barclays Capital.

Be careful!