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Hong Kong: Hang Seng Index

Started by setravis, May 19, 2009, 09:29:33 PM

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setravis

Hong Kong: Hang Seng Index...
The Hang Seng Index penetrated its declining trendline, suggesting another test of 23500. Rising Twiggs Money Flow (13-week) indicates buying pressure. Breakout above 23500 would signal a rally to the earlier high at 24500.

* Target calculation: 22500 - ( 24500 - 22500 ) = 20500

"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Hong Kong: Hang Seng Index...
After a false break below 22500, the Hang Seng Index is rallying to test resistance at 24000. Bullish divergence on 21-day Twiggs Money Flow indicates buying pressure. Reversal below 22500 is unlikely, but would signal a primary down-trend.

* Target calculation: 22500 - ( 24500 - 22500 ) = 20500

"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis