drop more than i expected too..becareful with 26800 la, may u-turn. tata.
Posted by hanwen > Oct 2, 2018 05:01 PM | Report Abuse
@ Mr_Chartist
The truth is : Actual HSIF is plunging worse than my estimations (underestimation) The dead cat bounce was only 27113 (vs my 27160 --refer earlier post).. I must speak the truth ---as far as i know, basic principle i held on to.... When i make mistake(s) , i will make admissions, so that it will not harm ppl who HAPPEN to follow.... Soli for speaking the truth (as far as research capability allowed....) Soli again if the truth hurts....
=============================
Hanwen
Dont scare our dragon ..he already very sad..:(
Posted by hanwen > Oct 2, 2018 04:29 PM | Report Abuse
if continue to dive need to come up to breath ma.. but alternate scenario is, what if this is just the correction from 26000ish to 28000ish? it may u-turn sharp from there..
careful die de 10 thousand year boat (direct translation for chinese idiom)
Posted by Mr_Chartist > Oct 2, 2018 05:28 PM | Report Abuse
Dear Bon,
Today falling almost 900points just a beginning of a new chapter.
I am still confused with the MM(anipulator) 's logic & rationales for today's -700pts plunge :
1. Dow was UP overnight 26658, no plunge 2. SSEC no trading today,but last closed at peak 2821. 3. USD/CNY 68689 , No trading today???
B4 the HSI & HSIF & FTSEChina50 opened,starting 8.00-9.00, USD/HKD was shot down 7.8274 then 7.8336 (from 7.8275), then each of these indices plunge -300 in the 1st hours.
Was this an AMBUSH on HK & HKD when China kis having long OFF days celebrating 10-1st?
Hanwen, Trump is very strict on China. See Trump would rather to give Canada + Mexico a trade deal, but not China. Why ?
US mid term election is coming, the report card for Trump would be the economy. So he will do anything to makes USA looks good until November. And of course China is the victim right now.
Tencent having so much issue, plus tech stocks isn’t performing right in the USA. Any recovery of the share price looks temporary for now. Plus weightage on HSI is heavy for 700..
Am looking some recovery for HSI, 27,250 level is broken.
Now can only rely price action around this price to decide direction at the moment. Index could do some recovery and continue to fall for rest of the week.
This is a concerted Western Bankers Hedge Funds Attacks on HK ,critical timing, , as b4, started with USD/HKD before HSI & HSIF open...... my bearish view remains!!!
after a good holiday - this is what we're come back to. expect to see some slight rebound - collected some CW this morning. let's see where this brings us.
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Posted by Mr_Chartist > 2018-10-02 17:05 | Report Abuse
I also expecting will rebound from 27000 unfortunetely selling force too strong.....
More downside we can see these few days.
Dont worry Dragon very strong .. he will.be ok..
Somemore paper trade no issue ...hopefully paper trade...