Until now, there is still no strong evidence to show whether the market is going up or down. I believe it is better for us to lock the previous profits and keep waiting for a while.
Free technical analysis on Hong Kong stock market, world stock markets, foreign exchange market, commodities market, as well as some important notes for being a successful trader.
Monday, October 12, 2009
Let's Get Started
Let's start the first post in this blog. I have briefly done some analysis regarding the Hang Seng Index (HSI). The previous high is at 21,929,79. This is a large barrier for HSI. By the technical analysis, HSI should be fluctuating in the rising triangle. Once it breaks through it, it will be rising straightly upwards. However, what we have to be concerned of is the gap of 248.46 on 6/10/2009. It would lead to a significant drop if the gap is to be re-filled.
Until now, there is still no strong evidence to show whether the market is going up or down. I believe it is better for us to lock the previous profits and keep waiting for a while.
Until now, there is still no strong evidence to show whether the market is going up or down. I believe it is better for us to lock the previous profits and keep waiting for a while.
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