HSI new trend explained

many readers did a cursory reading of the earlier update by picking the 23500 as a target to be reached in three weeks.

that is a misreading.

the chart has a w formation if broken out has the potential for a 2-3 year uptrend since the formation is over 5 years.

but the right V rising trend has been broken [fallen off to 19400] and now recovered, whether this recovery is certain is still unknown. the condition for this w formation breakout is that HSI reached 23500 [about where the neckline is] and stays above it for three weeks. a breakout is usually 3% above neckline and more than a week, closing wise. most readers picked it as a target to be reached soon not a breakout point yet to be reached and sustained.

if you do not read carefully into an article or a blog and just pick any numbers that suit your wish, that is a dangerous feat which could lead to investment losses. you sure do not want to squander your hard earned money by following on tips only when there are conditions [that you choose to ignore or missed] to the tips.

i strongly suggest readers to acquire some basic charting techniques [patterns like head and shoulders top, double bottom formation, island tops/bottoms, rising/falling wedges etc] that could lead you to reading this blog with better insight and fun.