Sunday, November 04, 2007

Shanghai & Hong Kong

SSE Composite Index Daily Chart

Uptrendline broken. Trouble ahead. I don't think it will go up much. The question is how deep will be the correction.

Hang Seng Index Daily Chart

Bearish divergence detected. Uptrendline still holding. Reward is not worth the risk.

Hang Seng China Enterprises Index Daily Chart

Uptrendline broken. Bearish divergence detected. I guess it is also correction time. How deep?

Conclusion: No buying for HK CWs until a clearer picture emerge.

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