Reminiscences Of A Trader

Sunday, December 03, 2006

Hang Seng Index

Currently, the HSI is undergoing a short term correction. If the recent low at 18618.66 is taken out, the index may test its short term uptrend and also the 50-day moving averages (refer to the daily chart). If this critical levels are breached, the index may plunge to 17800 and 17304, which is the 61.8% and 50% fibo retracements of the uptrend since early June 2006.


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