Incredible Blowoff Charts of ASEAN's Incredible Equity Twins: Indonesia's JKSE and Philippines PSEi

1. Indonesia's JKSE

JKSE just off 1.7% from the May 2015 record of 5,514.79

2. Philippine PSEi

Phisix just 1.9% away from April 2015 milestone zenith of 8,127.48

 

Similar patterns, momentum and price actions.

ASEAN Equities: Present Chart Formation Parallels Pre-Asian Crisis

I may be accused of applying clustering illusion—searching for patterns, nonetheless here are interesting price charts of ASEAN major bellwethers. Present patterns, by the way, reveal of eerie parallelism with its pre-Asian crisis dynamics

Korea's Kospi

Malaysia's KLSE

Indonesia's JKSE (updated to add: my apologies here. the JKSE pattern has not accurately been about 1997 but 2007, so this should be excluded)

Thailand's SET

(all charts from Charts R US)

Have these signified as only my mirages? Or have these been signaling something else? Or differently put, could these be mounting pressures that has been simmering underneath and looking for an outlet valve?