Wrong, Japan jumped on news of CISCO's stock buyback, that is NOT a technical bounce, it is a reaction to a fundamental event.
Two: the Eastern markets normally take their cue from the US markets, not the other way around. So what happens when New York reopens will determine the direction of the markets.
Greenjeans will do a mofo pump job, the Treasury will assist, there will be more corporate stock buybacks, and the only guys who will go short will be the anti-Christ apocalypse now disciples like Yoda.
Sorry, I'm too tired to explain the correlation between the nasdaq and the Taiwan exchange to you tonight. Catch me another time or read up on it yourself.
It's much more complicated than merely looking at a chart of the two.
Best of luck to you.