Last chance to sell (2010-08-24 HSI analysis)

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HSI charts do not look good at all. Let's see the below timeframes.

Daily:

There should be a short support these few days. A bigger triangle is under construction which may lead to large volatility. The upper bound this time should be at around 21,670.

Will it last for long? Clues are given in weekly chart.

We can see that the index is actually moving to the vertex of the triangle. MACD and EMA have a dead cross here, though we have to wait till completion of the lastest candlestick for confirmation.

Nevertheless, it will be too risky to hold for long while a large breakdown is possible. We should sell at least half of our stocks when HSI is back to around 21,670 to lock profits.