Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.
The appearance of a pattern in one time frame does not foreshadow the appearance of the same on a larger time frame.
One of the most popular myths of 2013 was the flight of capital from Asia and the emerging markets but the facts tell a different story.
Boosted by Abenomics, the Nikkei has risen over 50 percent year to date, ranking it among the world's best performing indexes in 2013.
Tapering remains a key topic of debate among investors as year-end approaches and Yellen prepares to take over as Federal Reserve chairman.
Chinese stocks stormed higher in recent months, but charts indicate they may face a period of consolidation.
Gold fell on concerns that a strong dollar and improving economy could damp demand, and silver charts suggest that bullion may not regain upward momentum soon.
Charts suggest that the downtrend in the euro/dollar is firm ahead of the European Central Bank's (ECB) policy meeting on Thursday.
The Dow Jones Industrial Average posted its largest annual gain last year and while momentum has slowed, investors are questioning whether the rise has run its course.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.