Saturday, January 19, 2008
Here, they are, the very easily excited bunch will a lot of $$.
From their performance, they can easily up and down 500 - 1000 points in a day. Just take last Friday for example, before lunch, down 900 closing, green. Crap. Perhaps it's because they are about 30,000 points but, imagine DJ up and down by 250-500 points the same way. Ha!
Notice in my chart, 26,000 was like a nice support to hold.
1. It was the support for the last 2 corrections.
2. It's the resistance-turned-support since 2006.
But, the important thing is that it broke. Gone! Now we're in the region of no where for HSI. Making efforts to create another support price, perhaps?
So stop hoping for a rebound and accept the fact that we are going down, maybe you'll feel better. Start saving up for the bigger picture!
1 comments:
Waht a run the hong kong stock market had interesting.
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