1. : unless and until it quickly do a higher high (than 25950) within next 2 days--the technicals can hook down pretty quickly, and thus bearish divergence)
2 : if HSIF still fail to clear 25950 CONVINCINGLY - i see it as a bear trap for traders...at least for 6-10days. 09/06/2017 17:41
3: So i expect 6-10 market days of investors/market reaction uncertainty....IF AT FIRST THIS INSTABILITY PERCEPTION DOES-NOT SINK IN on this FRIDAY/weekend, it will be worst next week... 09/06/2017 13:03
===================================== Re: above
1. Technicals : bearish divergence, OBVIOUS now after this morning in MACD turn down (if not Stot & RSI) and IF NOT LAST WEEK/FRIDAY!
2. Bear-trap : Last Friday/week I was VERY MINDFUL of the possible erratic directional price movement intra-interdays, but IF my(and sifu TM.s) general trend is right, it is worthwhile and be patient to wait it out...
3. Except in forex markets(sterlings) last friday's UK election outcome DID NOT get the RIGHT market reaction that it deserved then. ("......IF AT FIRST THIS INSTABILITY PERCEPTION DOES-NOT SINK IN on this FRIDAY/weekend...") . So this week , I GUESS, we should expect the political nuances & UK government woes & its far-reaching implications-- start acting up and then sinking in...many many things still not in May's hand yet.....
Also think of unintended casualties like faraway's HK's SUPERMAN Lee K S (from HSI)....
I suspect the "Grand Panic Machine" (that we feared last friday) has been turned ON -- I guess very soon we shall witness the breakdown of the critical level of 25538 (Daily chart MA20), when this happen I guess the next destination is 25200.
Even if in the early session there is a push of 180 to 25760, I shall not be tempted... it is risk-on from now onward.
25760 touched pulling down towards 25650, next few hrs tonite to "tight-range around/on the MA20 +50-70 from 25650=25710....... this behaviour will drag until tomorrow morning 9-10am...... until then ,IF THERE IS NO BAD NEWS/SELL OFF, there may another attempt to do a short term rebound......i see a HARAMI forming in the daily chart....
Still to be watchful of that all important MidBB/MA20) cut loss point 25640 (today/daily chart)...overseas trend still very dicey...that shud explain why today's behaviour is so lifeless.
I suspect the Chief cook eagert to jump up and fill the gap 25800-25900...
(there is this "hope" /"dream"/wish of MSCI's inclusion around 21062017....)
if it goes back to 555, i may still have 200 points to earn. if it goes up and stay at 800, i still have 200 pts to earn too. so..just wait for signal may?
talking about bullish harami.it wud be more reliable if there is a shadow below and juz a body pattern developed in the mid way of previous red candle...that looks more like a pregnant woman..lol
560 also mau break soon ? luckily just paper trade
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Posted by trustme932 > 2017-06-12 11:59 | Report Abuse
Great Han!! Mkt opened gap down this morning after a doji.We will see more interesting downswing after next high.