Monday, June 18, 2012

HSI & STI Weekly Chart

I'm monitoring HSI because when the bear market comes, you can protect yourself (i.e. make money) by buying HSI put warrants. There are a lot of put warrants, so it is good to pay attention to this area.

HSI Weekly Chart

Very apparent pattern show by HSI Weekly chart: Rising wedge pattern broken to the downside. A big bear indicator. Expecting this to rebound towards 20,000. Based on the chart, I intepret that HSI is already in a bear market.

STI Weekly Chart
No chart patterns in STI weekly chart. However, the EMA is pointing downwards. Expecting a rebound towards 2900. Looking at the monthly chart (not shown), I intepret that STI is also in a bear market.

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