Thursday, January 22, 2009

Ox Year = Bull Year?? HSI


HSI: The consolidation rally from 10,700pts took HSI to a high of 15,000+pts. However, in a matter of 2 weeks, it gave up 3,000pts and broke down of the consolidation pattern. At the peak of the rally, the HSI did a bearish engulfing pattern followed with a gap down candlestick the next day. If you can recall, think about what happened after I sent email alerts on bearish engulfing patterns on HSI last year. HSI may just head back down towards 10,000+pts again.

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