6) This morning shoot up to its max limit of 28710-28720, may be a warning sign the next 5 days they dont want to see the HSIF CRASHING DOWN 1000 points lower,... So we have rest of the day to gamble and ,and close our position either ways by 4pm 29/06/2018 11:08 ..............................................................................
I am basing this on related studies especially SSEC, it cut below the important bearish levels, and further weakened until this morning, and after 13.00 hrs. To me this represent some powerful intervention forces...or market rescue teams propping up a failed technical equities situation. Complicated situations as RMB/USD looks continue to weaken for some Official purposes, while equities moves/prop in OPPOSITE direction....I shall forward u some references later...
What we were hoping for MAY HAVE BEEN DASHED by these powerful market forces (China National Teams eg PBOC...?) against the western bankers shorts teams/hedge funds, now looks like fighting a loosing battle over the next 5 days. We are now on the 1st day, and maybe too early to tell.
HSI should follow (like SSEC) and be rescued/propped together Now we should find opposite hedging position, buy some longs/calls to minimize the losses.
From now, SSEC & HSI should be propped up next 5 days higher each day , until it hit resistance next Friday.. Hope this explain.
No have target already...cause cbbc also cheat us...only think we can pray is from god...let god help us ba...god bless us ...hope shoot down 560 or 480
He may order a final negotiation, then market sees hope. On Friday ( Eastern time) he suddenly announces the extra tariff.
He may ask for more for last time and declare He win it later.
He may use the FOXCONN new factory in Milwaukee, to show he is generating works.
After all he is a rabble-rouser. No 1 can guess what the fatty thinking and going to do. If you put shit into his mouth, he also can "goreng" and say is the most delicious Fusion Food he ever had.
my humble opinion, Trump will continue to have war with china. he is winning the popularity due to this movement. he wants that. also, china import from US is far lesser than US do. thus, US will hurt china more than china could hurt US. US will win the battle but the world will lose the war.
The MM have change the game plan today. Prices after building up a solid base, breaks out in the morning and prices are now in bullish mode https://invst.ly/7vnbj....
Update till 06July2016 (my chart coincide with Trump 1st tariff enforcement dateline) :=
1. To DIFFERENTIATE whether this is the usual IB's settlement-day or MM month-end window-dressing manipultions:
The usual window-dressing would be dropping like ton-of bricks ( back to square one pric eg 28400-28300) after the dateline...
BUT what we should find is our HSIF this time should have less pullback, only normal bullish retracement, to 20580, and holding on too the MA20 (30mins ) by 22.00 till close at NY hrs Friday nite.
5. "We failed to clean up the leveraged funds after the 2015 market rout; they have staged a comeback in a new guise," NIFD said.
The think tank said China's State Council should be ready to implement any market support measures in coordination with the central bank and other regulators, key government ministries, and the police.
Jun, I think what Hanwen said on Friday still hold. Please refer to: From now, SSEC & HSI should be propped up next 5 days higher each day , until it hit resistance next Friday.. Hope this explain. 29/06/2018 15:46
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 9419 views | 7 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pretty_life
4,810 posts
Posted by pretty_life > 2018-06-29 14:31 | Report Abuse
I already cut..no choice wanna protect capital...I believe this bullish will come till 6/7/2018