The next support would be at around 17671. Further stumble might follow. Given such similar condition, shorting HSI would be a great choice.
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Sunday, June 6, 2010
Similarity? (2010-06-06 HSI analysis)
Bearish view continued. The 250 Simple Moving average has crossed the 50 SMA from underneath. As we can see, when they crossed like this last time, HSI dropped from 20545 to 11050. I would not predict such a great plunge this time as there is no any "crisis" which is as serious as the financial tsunami.
The next support would be at around 17671. Further stumble might follow. Given such similar condition, shorting HSI would be a great choice.
The next support would be at around 17671. Further stumble might follow. Given such similar condition, shorting HSI would be a great choice.
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