Holy Hang Seng, Batman (part duex)

[Ivanovich]

HSI opens down....1200 points? Is that right? That's what my Thompson feed just said. Says opens at 28500 and closed last night at 29708.

 

[MrDODGE]

IDK, I will let you know in 20 minutes

 

[Trendytrader]

Not sure have a look here it shows it down 985

http://www.hsi.com.hk/

 

[stonedinvestor]

Nikkei closed -2.0%; Hang Seng closed -3.2%; Shanghai Composite closed -4.9%.

About on par with our carnage all things considered.
~SI

 

[pumpanddumper]

So will the Shanghai finally REALLY cave in like the NAZ a few years ago? Continuous 3-5% sell offs in the index is not out of the question...

 

[blackchip]

The Shanghai has been Shanghai'd.



Has it broken the long term trend line yet?

Getting close.

Any experts have an e-wave count? Looks sort of like wave 4 here.

 

[frank grimes]

are resident guru, stocktrad3r got long the FXI @ 205ish???? he says no worries....I say homeless

 

[JSSPMK]

I've posted last week a chart of Hang Seng, there is a massive divergence on daily chart, huge reatracement range possible.

We also have bearish divergences on weekly S&P, DOW30.

Bearish divergence on monthly DAX. All triple ones.

It will take a miracle, considering factors which are evident even to an amateur investor/trader, to hold world indices from performing a huge correction.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1688343>

 

[frank grimes]

wow, I knew it was up, but that is parabolic....I guess thats why the turd3r is long....I stil believe he has nothing at risk......because he has NOTHING to risk

 

[et123]

from 20k-32k now back to 26k..that's a 50% retracement...should have a bounce coming.