Pls allow me to sidetrack a little bit.We came to know about CLSA feng shui index chart since many years ago.My accessment of it's accuracy ,I would say it's pretty good.It's use by many institution funds for reference.They are professionals who manage many millions of dollars yet still use as a reference.There must be reasons they still use as reference as they are not stupid rightly speaking should not be superstitious.As I was used to expose myself to metaphysic since young,I have reasons to believe there are abstracts we don't know or can't see but using metaphysic can predict the future rather accurately hence I have tendency to use it as a reference to trade.I use chart to gauge the possibility and manage my risk.However there is still possibility that they could calculate wrongly and err in their prediction hence one needs to manage risk and not follow blindly.I don't want to create negative karma for myself nor others.
for those Call holders waiting for my action plan.
Today I will set two resistances at 28444 and 28580. Once hit I will sell some and let profit run. When market go opposite me once break 28160-support I will take profit from all my HSI-C3O.
This morning other than USD-Renmimbi I will also monitor:
1) US S&P (green is good) 2) Japan Nikkei (red is good) 3) US S&P VIX (red is good) 4) China Shanghai index (Green is good)
bye all. Hope I am not too late to give share my action plan.
Some technical calculation incorporated with market reaction analysis to decide my entry point. Nobody can tell efficient or not only history in bank account will tell.
Kite..... Renmimbi is partial of market excuse now.
In corporate world when we see strong trend of any instrument such as currency and commodity price we will activate our hedging activity. Hence, in this case option and hedging too will fetch us to safe sailing be it up or down......
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Posted by Annetan > 2018-07-22 10:19 | Report Abuse
clsa is for hong kong market.Pls don't follow blindly.Use the chart to gauge the possibility and manage your risk.