by ckchoy
Afternoon HSI reopen gapped down slightly but later the downtrend accerelated fast and hit 18630 (-400). About 300 pts above 18320. 18320 is a magic number where it is -25% from this year high of 24419, which it may represent HSI entering into bear market.
While trading on the index, I was sensing market's panic was peaked. Although volume not that high, it could be a small capitulation may have happen. HSI made a U-turn from here, market may have hit at least a short term bottom. Can buy.
Cut loss if HSI hit below 18320.
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