[sgbuffett]

Last week spike has been one of the largest in past few years.
The anticipated fall back below 17K did not happen.
As i have accumulated short positions since the HSI broke down from 20K level and went on a down trend .....all along my strategy was to ride the trend down as China econkmh weakens...when the trend ends I will get out to preserve my profits.

Given US weak GDP numbers and higher than expected inflation, investors will start reconsidering the US market which is very expensive.

Looking at the HSI chart objectively the trend has reverse for teh first time since this thread started.

 
Things have changed so I will respond accordingly.

Some people will KPKB I flip prata but fact is my strategy has never changed I follow the market and fundamental trends...when trends  change I will also change.accordingly.

With the downtrend line broken....it is time to close shorts and go long.

So smart Alec will come out to claim they kenw all along HK market hoing up...fact is they argue it was going all the way from 20K down to current levels ...hey have been going against trend ans only last Friday trend is confirmed changed. That is wrong strategy to anticipate rather than wait for actual reversal.