HSI went ballastic yesterday and traders went wild !
Updated
So, HSI rallied more than 600 points yesterday ! Wow, it went to a high of 18103 , exceeding the 18,000 price level that I said must sustain above for the rally to continue.
We are currently 186 point down, having recovered much better than this morning with 300 points negative.
The meeting with President Biden and Xi was a good stimulus to the overall market. (read here )
Property market remain in the doldrum todate (read here) though there are measures being introduced but much to the disappointment of many who feels it is inadequate.
Consumer confidence remains low and we are not seeing huge spending even on Singles Day.
I am patiently awaiting ......
We are currently 186 point down, having recovered much better than this morning with 300 points negative.
The meeting with President Biden and Xi was a good stimulus to the overall market. (read here )
Property market remain in the doldrum todate (read here) though there are measures being introduced but much to the disappointment of many who feels it is inadequate.
Consumer confidence remains low and we are not seeing huge spending even on Singles Day.
I am patiently awaiting ......
Note
bingo , gap closed.....Note
18000 resistance level remains an obstacle .....
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