We are hearing a lot about November 14th G20 meeting in Washington. Many are saying that it'll be Bretton Woods II. You can check out interesting article on it on Bloomberg. Main focus of this meeting will be stimulating World Financial System & some talk on shifting of power .

Since short term focus is about stimulating the world financial system, I am expecting short term bull on global equity market. Longer term of global stock market will be decided by steps taken in meeting for more regulations.

These are USDJPY & S&P500 comparative charts.S&P 500 daily channel pattern is very simmilar to current USDJPY daily channel pattern.

Therefore, if the pattern is right on bear side than will see USDJPY near 85 and S&P500 in lower 800's.

But if, USDJPY goes back to correction bull side on upper channel line in it's 105 level, then will surely see S&P 500 to 1100 level.

Many Wall Streeters have predicted that we have hit the bottom on S&P500 & many are saying that worst is yet to come, but I am still expecting more strenghning of JPY over the long run, because demand of Japanese Exports has slowed down tremendously .

Now, let's look @ short term charts of these two pairs.Short Term charts are clearly showing bullish chart patterns. And we also know that expansion of credits will rally the market for shorter term. Recently China pumped money into system; interest rates are being lowered in G20 nations rapidly; World Bank is also pumping money. The key thing will be to know what decisions are being taken ub November 14th meeting other than pumping money into system.