HANG SENG
The above is a 3 month chart indicating a classic head and shoulders with neckline at 14000 finally being broken and heading towards 16700.
AUD CAD
The earlier forecasts did not materialize as the necklines stated had not been broken. Also both currencies got support when Fed chairman said shortly after my forecast Fed will buy long bonds to maintain even long yields at low levels to support refinancing of mortgages which means effective money printing - Treasury issue bonds to public to finance govt operations, TARP, TALF etc but Fed will buy such bonds in open market to lower their yields effectively printing money for all these operations.
Recent AUD CAD charts indicate bottom formations that if necklines of 0.72 and 1.22 are broken will head towards 0.84 and 1.13.
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