"If you’re rich you get a bailout. If you’re poor you get a handout. And if you’re middle class you get left out."

ASX200 Daily Close @ 08/28/2012

The looming battle of the 2 technical signals; either the 'inevitable' positive crossing 50/200day SMAs will attempt another 'buy signal' (the last one was a 'heroic' failure), or the MACD's 'Sell' cross is @ the very least foretelling a test of the 50/200 circa 4200/10 before the true intent of the nascent rally is fully known.

COPPER's turn to 'hesitate'?

COPPER Daily Chart Close @ 08/23/12

Copper now scores an 'indecisive' daily chart pattern; right where it is supposed to.
Following on from the NDX100; is time now 'out' for the pre- QEIII rally?
Super September looms large as the FED, Jackson Hole & the ECB are ALL supposed to 'ride to the rescue' and pull some more rabbits out the proverbial 'monetary' hat.
Where's Rocky & Bullwinkle when we need them?

Singapore's STI 'the canary' as well?

Straits Times Index (STI)  Daily Close @ 08/23/212

Always a good 'signal' for where potentially Asian stocks are headed over the medium term, the $STI appears to be on the cusp of succumbing to the Negative Divergences in place since mid- July.
Let's see.............

NDX100 'marks' the High (end of rally)?.......

NDX100 Daily Close @ 08/23/2102

If we are to use the NDX100 as THE 'Risk- On' measure (& who doesn't?);
then the Outside Down Day registered Tuesday does give us the 1st Tactical Sign that this rally is probably 'done'.
If so then the simple 38% retrace, coincident with 2x's previous highs circa 2665 shall be our first 'port of call' on any retrace.
"Engine room............"

Interesting point for the BOVESPA.

BOVESPA Weekly Close @ 08/17/2012

The 'dotted blue line' remains valid (just) until we witness a series of Daily Closes above it or a Weekly Close above.
The Large Range Indecisive Weekly Candle from last week suggests a 'pause' @ the very least, the China $SSEC Index's anemic performance weighing on the Emerging Markets & Commodity types.
Iron- Ore & Coal Prices are the $'s to watch as they could 'pull the rug' from under the whole 'downstream' economic 'miners'.