01 August 2013

DOW and recent HSI performance


click for a better view


dow's weekly chart shows a declining RSI amid new highs achieved, this kind of inconsistency will not last very long.

HSI recently reached short term highs on a three leg hikes from 19400 [read earlier updates for chart].  usually this also will not last, since four leg hikes are rare, without first seeing a correction.

given both seems to be topping out soon, long positions should be taken with caution or at least not with serious money.

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