23 July 2013

HSI new trend


click for better picture

if the fallout from the rising trend can recover and zoom above 23500 for about three weeks, then buy on every index set back of 1% or more.

this weekly chart indicates a strong market ahead if the above conditions are fulfilled. or those who have the stomach to cut losses can jump in now.

should you be good at picking stocks [try pick index stocks that already outperformed the index, hsbc is one of them] then you wont need to buy into an index stock like 823.

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