Hang Seng index down 25% in 1 month, New 52 week lows!! Dow to follow and break 2020 lows!!!

S

S2007S

Hang Seng index just keeps falling and falling...Anyone following that index??? It's in a total bear market now!! Down another gigantic 6% tonight under 18500!!!! (18237) Fresh new 52 week lows!!!
I have to say the US markets especially the dow have been holding up quite well considering other outside world factors. I will say though, I give our markets a solid 90% chance of falling back to 2020 covid lows, so yes dow 20k or lower is in the cards for 2022!!
 
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There are many happy day traders (incl me) trading HS Index futures.

Those who day trade
HS Tech Index futures should be happy too.
I am sure the investors are happy too.
HS Tech stock investors should be happy after they cut their long position when
HS index futures broke the 22500 support line.

:D:sneaky::):D:sneaky::):D:sneaky::):D:sneaky::)

see? many happy faces.

But your write-up sounds very sad / doom / gloom / discouraging.

don't bother whether it is bull or bear or whale or shark market.
almost every day is a good trading day.
 
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S2007S said:
Hang Seng index just keeps falling and falling...Anyone following that index??? It's in a total bear market now!! Down another gigantic 6% tonight under 18500!!!! (18237) Fresh new 52 week lows!!!
I have to say the US markets especially the dow have been holding up quite well considering other outside world factors. I will say though, I give our markets a solid 90% chance of falling back to 2020 covid lows, so yes dow 20k or lower is in the cards for 2022!!
More...
%%
Good points:caution::caution:
But the DOW/DIA[+ SPY ] are going down for 3 months in a row+ below 200dma= bear move also.
It may or may not put in a MAR bottom??
DOW=UP a bit on weekly charts , but its done those up ticks past 3 down month also.
2022/\you know what to do..............................................................
 
maxinger said:
yesterday it went down massively by ~6%.
Today it went up massively by ~6%.

It is great for the day traders.
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up > 11%

Hangseng up force momentum is very strong.
Who knows, it might continue to go up during the coming US session.
 
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S2007S said:
Hang Seng index just keeps falling and falling...Anyone following that index??? It's in a total bear market now!! Down another gigantic 6% tonight under 18500!!!! (18237) Fresh new 52 week lows!!!
I have to say the US markets especially the dow have been holding up quite well considering other outside world factors. I will say though, I give our markets a solid 90% chance of falling back to 2020 covid lows, so yes dow 20k or lower is in the cards for 2022!!
More...

This post won't age well. Please confirm you went to 100% cash in your retirement fund when you posted this. Because if you believe in that 90% probability you'd be a fool to have any equity exposure.
 
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