Hangseng Leadership...

20152.00 broken, leaves room for 19862.00 - maybe or maybe not...So many chances and opportunities in Hangseng, don't know on which one to capitalize first...
 
How many are surprised by tonight's drop in the Asian markets, it was going to happen, a quick 10-20% drop in these markets is possible, everyone for the last 6 months has been hyping up emerging markets as the best place to park money, of course these markets are extremely volatile and can drop 10% in a week.
 
China has been a "leading indicator" for the rest of the world stock markets for 2+ years. If Shanghai did indeed top out for the time being I would assume we won't see the 1000 again in the SP500 for a while.
 
Quote from makloda:

China has been a "leading indicator" for the rest of the world stock markets for 2+ years. If Shanghai did indeed top out for the time being I would assume we won't see the 1000 again in the SP500 for a while.
More...

I would say at least 20-25% of the rally in our markets was due to the economic forecasts for china moving forward. Without the emerging markets or BRIC countries you can forget about any growth for our economy. This is a global market place.
 
Quote from ASusilovic:

20152.00 broken, leaves room for 19862.00 - maybe or maybe not...So many chances and opportunities in Hangseng, don't know on which one to capitalize first...
More...


19862.00 reached. Expect some upward retracement.
 
This thread should be renamed 'Shanghai Leadership.' So foreigners cannot trade Shanghai, but it has still be leading, by a long Chinese mile.
 
Hangseng down 1.5 %, Shanghai up + 1,5 %...hum...divergence ? :)

Hnagseng 18940 - 19000 should be some good support ( 10 % ) correction from the highs !
 
You must log in or register to reply here.
Back
Top