22 July 2022

Your Guess of future direction


Check out the above charts.

One is NVR, a US stock, back in 2008.
Another is HSI, HK stock index, from 2008 till present.

Both charts show you an uptrend being broken and fell off sharply.

NVR experiences indicate falling off a rising trend will bring price back down to the start of the trend, in fact, such behavior repeated itself in a very short while.

HSI haven't traced such behavior because the rising trend is formed over almost 13 years, falling off the trend will probably take quite a long while to get it to the starting point, if it ever will.

Any readers who can throw some light on HSI future behavior, please comment below.

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