Hang Seng hung out to dry
Lost yesterday's support, looks to be headed for a double bottom, then probably a bounce. There could even be another leg down....
Overlay is just a possible scenario, sometimes it works, most times it's not perfect.
Overlay is just a possible scenario, sometimes it works, most times it's not perfect.
Komentarz:
Honk Kong now leading the charge down... 1.5% though you figure it needs a bounce right around there...
Komentarz:
Oh look, it's testing the support like I predicted.
Didn't short any Chinese ADRs though because I wasn;t sure if it'd recover before US open or not.
Didn't short any Chinese ADRs though because I wasn;t sure if it'd recover before US open or not.