HSI triggered a BUY 14500 in Apr09. I use Weekly 10ema(21701) > 20ema(21192) as an entry and exit indicator. HSI triggered a SELL 27000 in Jan08. MACD is rolling over indicating a turn in the market. A bounce at the Stoc(50) level should see the Hang Seng extend its rally into mid Jan 2010. Daily Buy trigger is possible within the next few days (see below). Failure and a Weekly close below 21000 will be the trigger to Short China with a target 19000.
90 Day Cycles
Mar 09 - July 09 12000-18000
July 09 - Nov 09 18000-23000
Daily chart is indicating a BUY trigger in the next few days. With the Market closed at 21872, I will look to go Long when the 10ema(21551) > 20ema(21657). Looking for 24500 by March
90 Day Cycles
13 July 17500 - 24Aug 20500 (30) - 2Sep 19500 (37) - 2Oct 20500 (60) - 18 Nov 23000 (90)
18 Nov 23000 -31Dec 21872 (30) - 12Jan 20800 (37) - 12Feb 22000 (60) - 26Mar 24500 (90)
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