HSI inverse-capitulation at 2012/02/08 2.11pm ?
by ckchoy
A shooting star was noticed at 2.11pm today at about HSI 21000. This may mean the continued uptrend started from Jan till now might have finally reached a short term peak.
A shooting star was noticed at 2.11pm today at about HSI 21000. This may mean the continued uptrend started from Jan till now might have finally reached a short term peak.
Also noticed penny counters suddenly jumped up fast and furious. This may be a good chance for those big players who have been accumulated low to take profit now. If so market may head for a correction.
Suggest to take profit now especially penny counters that have run up too fast.
But if HSI breach up 21000 again, the uptrend will continue.
Mid term market still in uptrend, can consider keep buying on dips on asset related counters like properties and commodities.
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