I didn't miss much (2010-09-12 HSI analysis)

Well, it seems like I didn't miss too much. The index is still moving within the triangle on daily and weekly chart, but 60-min chart shows two bearish rejection candles. This might not look good as people propably are taking profits.

60min HSI:

There were two bearish rejections at 61.8% fibs level. 20SMA crossed 10SMA from above and MACD and EMA are just moving together. Does it mean that people are taking profits, leading to possible drop afterwards?

Daily HSI:

Daily chart tells different story. The last candle is a bullish rejection after touching the uptrend line, it shows that there is a strong force preventing the index from breaking downwards. MACD is turning upwards after touching EMA. HSI is going to surge and test the resistance next week.

Weekly HSI:

The candle this week didn't not break the triangle. Boring time is coming to the end and large break would follow. Around 1-2 candles to go!

JPHK Update (2010-09-11)

I am back at Hong Kong, unpacking my stuff. I would spend some time catching up with the markets today and tomorrow.

JPHK Update (2010-09-10)

I could not access to the internet until now so I could not update. Anyway, really having a good time in Taiwan.

JPHK Update (2010-09-07)

Finally I see a green light there. But 1228.HK really pissed me off. It's really hard to understand what the tapes suggest and why the corporate investors are doing so.

Anyway, I will be going on a trip to Taiwan for 4 days. I would keep updating my portfolio every night but I could hardly do analysis. I will catch up with the market on Saturaday night.

Bearish Trend (2010-09-07 EUR analysis)

These days FX seems to move faster and faster and is quite difficult to catch. We would have to look at the whole trend on longer time frames even when we are trading 5-min chart.

4H Chart for Euro:

EUR clearly has a reversed trend after the short-term trend of going upwards. 23.6%-fibs level would be the first little support, which is at around 1.2762, but I would expect it to fall back to the red line. MACD further reinforces the bear. At this stage, we could take little risk to short little Euro becasue it is still hanging in the middle. And if it plunges through 23.6% then we can rasie the bet.

JPHK Update (2010-09-06)

GOGOGO

Levels for HSI (2010-09-06 HSI analysis)

HSI opened higher this morning, reaching 21155 and is currently testing 21200.

Daily Chart:

Cleary the index breaks the red resistance, and the next resistance would be at the blue down-trend line plus the fibs level, which is at around 21,500. The bullish cross at MACD further enhances this test.

Weekly Chart:

The index surged back into the triangle on Thursday last week. It is still moving inside the triangle. The top is at around 21,500, aligning with what the daily chart suggests. HSI is slowing moving to the vertex, and a big breakout/breakdown is inevitable. There is still around 2-3 candlesticks to go, but I expect we could see a large volatility within 2 weeks.