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+--- Thread: HSI now in consolidation awaiting new stimulus... (/Thread-HSI-now-in-consolidation-awaiting-new-stimulus)
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RE: HSI faces selling pressure as it closes in on 20K level - pinkpanther - 12-03-2024
(12-03-2024, 01:47 PM)sgbuffett Wrote: 17K is a strong resistances.
Also over bought so will turn down soon.
Those who buy today are the mass amateur traders who will get burnt once the US CPI comes out tonight and expected to be bad.
Temporary rallies = Temporary excitement ...these people will cry later when as usual the China market sinks fast downhill.
Those who are buying today are asking for trouble as they are buying at the exact resistance that the market will peak off and come down fast.
This is the best time to SHORT not to buy.
Using technical analysis which is very reliable we find today is the turning point for HSI and HS Tech.
Smartvprofessional traders are SHORTING.
![[Image: 0btL0Do.png]](https://i.imgur.com/0btL0Do.png)
Mass amateur traders push the indices up by 400+ points only to be slaughtered tomorrow?? They are pushing up anticipating of some other news....the news that dow will lau sai tonight is considered old news and factored in.....the market is always ahead..
RE: HSI faces selling pressure as it closes in on 20K level - sgbuffett - 12-03-2024
Remember the last burst of fire from a market is most deceptive.
China economy is weak and problems are deepening. Foreign investments keeps declining as supply chain moves out of China. ...and China faces the very serious 3D problems debt deflation and demographics. These are not simple problems to solve.
All rallies.since 2021 of HSI and HS Tech has failed
...because economic fundamentals are just not there. Compare thisto where economy remains strong like US and India ..markets are at new highs. HsI is at 20 decades low region.
Experts have concluded that China will be in economicc trouble for coming years like Japan lost decade and US Great depression.
Do not be a fool to ignore warnings signs and end up losing.
https://www.cnn.com/2023/12/27/economy/china-economy-challenges-2024-intl-hnk/index.html
RE: HSI faces selling pressure as it closes in on 20K level - sgbuffett - 12-03-2024
(12-03-2024, 01:56 PM)pinkpanther Wrote: Mass amateur traders push the indices up by 400+ points only to be slaughtered tomorrow?? They are pushing up anticipating of some other news....the news that dow will lau sai tonight is considered old news and factored in.....the market is always ahead..
Stupid traders are chasers ...they like to chase and don't know how to look ahead at the risk that's why they always get killed...and lose big.
Risk is looming they will ignore and chase momentum.
So smart traders will use the weakness of bad traders to short and make money...
RE: HSI faces selling pressure as it closes in on 20K level - pinkpanther - 12-03-2024
![[Image: 42363d02868d50b15e581e64e67f6e2bb93f7e8b-n.jpg]](https://i.ibb.co/Twj1VBJ/42363d02868d50b15e581e64e67f6e2bb93f7e8b-n.jpg)
![[Image: eb3995a96234d416c4b6a5a8a1b960865c175600-b.jpg]](https://i.ibb.co/Jym6VDN/eb3995a96234d416c4b6a5a8a1b960865c175600-b.jpg)
![[Image: images-1.jpg]](https://i.ibb.co/FqVhxyN/images-1.jpg)
RE: HSI faces selling pressure as it closes in on 20K level - sgbuffett - 12-03-2024
Fake rallies are a common occurance...this is like the 8th time since this thread started ...each time many get excited ..KPKB ....then the market sells down....all lose their pants.
Today HSI touch the key 17K resistance and immediately turn down proving once again that traders are not committed to long-term rally.
Important thing is don't get sucked in ....but unfortunately some people will never learn.
![[Image: saEBr2q.png]](https://i.imgur.com/saEBr2q.png)
RE: HSI faces selling pressure as it closes in on 20K level - Zannn - 12-03-2024
(12-03-2024, 01:12 PM)Zannn Wrote: Sgbuffett, Hsi cheong 17k coming!
RIP sgbuffett
RE: HSI faces selling pressure as it closes in on 20K level - WhatDoYouThink! - 12-03-2024
Confirmed xjp has done something right today
RE: HSI faces selling pressure as it closes in on 20K level - Zannn - 12-03-2024
(12-03-2024, 02:24 PM)sgbuffett Wrote: Fake rallies are a common occurance...this is like the 8th time since this thread started ...each time many get excited ..KPKB ....then the market sells down....all lose their pants.
Today HSI touch the key 17K resistance and immediately turn down proving once again that traders are not committed to long-term rally.
Important thing is don't get sucked in ....but unfortunately some people will never learn.
How is 17k now? U shift goal post from 15, 16, now 17k. Very worried for yr shorts
RE: HSI faces selling pressure as it closes in on 20K level - pinkpanther - 12-03-2024
Cleared 17k comfortably....the chart today is just beautiful. Any negativity will not affect it...those fools who shorted lose their pants!
RE: HSI faces selling pressure as it closes in on 20K level - pinkpanther - 12-03-2024
Up 500 points also considered fake rally.....I think you are deluded..
RE: HSI faces selling pressure as it closes in on 20K level - Zannn - 12-03-2024
(12-03-2024, 02:55 PM)Zannn Wrote: How is 17k now? U shift goal post from 15, 16, now 17k. Very worried for yr shorts
Min 17150 will be hit le. Sgbuffett How do u deal with yr shorts? Add more pls?
RE: HSI faces selling pressure as it closes in on 20K level - WhatDoYouThink! - 12-03-2024
(12-03-2024, 01:47 PM)sgbuffett Wrote: 17K is a strong resistances.
Also over bought so will turn down soon.
Those who buy today are the mass amateur traders who will get burnt once the US CPI comes out tonight and expected to be bad.
Temporary rallies = Temporary excitement ...these people will cry later when as usual the China market sinks fast downhill.
Those who are buying today are asking for trouble as they are buying at the exact resistance that the market will peak off and come down fast.
This is the best time to SHORT not to buy.
Using technical analysis which is very reliable we find today is the turning point for HSI and HS Tech.
Smartvprofessional traders are SHORTING.
Looks like yr TA cmi. Learned from youtube? Or adam kool?
RE: HSI faces selling pressure as it closes in on 20K level - pinkpanther - 12-03-2024
If you have shorted from 20k..better to lock in profits and take position later...this upturn will eat up your profits!
RE: HSI faces selling pressure as it closes in on 20K level - pinkpanther - 12-03-2024
(12-03-2024, 02:11 PM)pinkpanther Wrote:
RE: HSI faces selling pressure as it closes in on 20K level - Zannn - 12-03-2024
(12-03-2024, 03:08 PM)Zannn Wrote: Min 17150 will be hit le. Sgbuffett How do u deal with yr shorts? Add more pls?
17150 nicely hit
RE: HSI faces selling pressure as it closes in on 20K level - Zannn - 12-03-2024
(12-03-2024, 03:14 PM)pinkpanther Wrote: If you have shorted from 20k..better to lock in profits and take position later...this upturn will eat up your profits!
Bro u read back, sgbuffett have long sold his shorts at 20k. If not wrong his shorts now are 15-16k range.
RE: HSI faces selling pressure as it closes in on 20K level - pinkpanther - 12-03-2024
(12-03-2024, 03:30 PM)Zannn Wrote: Bro u read back, sgbuffett have long sold his shorts at 20k. If not wrong his shorts now are 15-16k range.
![[Image: images-2.jpg]](https://i.ibb.co/PtBvKFX/images-2.jpg)
upload
RE: HSI faces selling pressure as it closes in on 20K level - sgbuffett - 12-03-2024
(12-03-2024, 03:30 PM)SZannn Wrote: Bro u read back, sgbuffett have long sold his shorts at 20k. If not wrong his shorts now are 15-16k range.
I started shorting at 20K ...HSI now 17+K ...overall still profitable....even though i took some.profits here and there.
At most I cover all at 18K and preserve some.profits but given how weak China economy is won't reach such a high level..
I am not concerned about such "one day wonder" moves. They are mostly temporary.
RE: HSI faces selling pressure as it closes in on 20K level - forum456 - 12-03-2024
(28-01-2024, 06:52 PM)forum456 Wrote: Do not fight the FED and China govt in stock markets.
Once they start to intervene, the stock market can only go up eventually.
17000 going to 18000
RE: HSI faces selling pressure as it closes in on 20K level - pinkpanther - 12-03-2024
This up swing trend v fast...if tomorrow can still maintain at 17k...18k coming soon
RE: HSI faces selling pressure as it closes in on 20K level - teaserteam - 12-03-2024
It is a dead cat bounce if cannot clear 17,400.
RE: HSI faces selling pressure as it closes in on 20K level - WhatDoYouThink! - 12-03-2024
(12-03-2024, 02:11 PM)pinkpanther Wrote:
Ding hai reappeared liao
RE: HSI faces selling pressure as it closes in on 20K level - pinkpanther - 12-03-2024
https://www.scmp.com/business/china-business/article/3255020/hong-kong-stocks-rise-their-highest-year-buy-back-propels-market-higher
Look at these 2 beautiful bulls....Don you feel like caressing them ah butt
RE: HSI faces selling pressure as it closes in on 20K level - sgbuffett - 12-03-2024
Futures sinking fast
China ADR losing gains from this afternoon
Likely to lose gains from HK trading session.
![[Image: S5YJfsh.jpeg]](https://i.imgur.com/S5YJfsh.jpeg)
RE: HSI faces selling pressure as it closes in on 20K level - Zannn - 12-03-2024
(12-03-2024, 09:48 PM)sgbuffett Wrote: Futures sinking fast
China ADR losing gains from this afternoon
Likely to lose gains from HK trading session.
Tomorrow wake up and see how much it “drop”
. Alerted u so many times to cut don’t listen
RE: HSI faces selling pressure as it closes in on 20K level - Zannn - 13-03-2024
(12-03-2024, 10:01 PM)Zannn Wrote: Tomorrow wake up and see how much it “drop”
Sgbuffett where is the lost all gains?
RE: HSI faces selling pressure as it closes in on 20K level - sgbuffett - 13-03-2024
HSU Sinking back below 17,000. Don't expect it to sustain any of the gains ..most of it artificial propping by Chuna govt funds ..totally unsustainable. China economy remains weak .
![[Image: 1av0vj6.jpeg]](https://i.imgur.com/1av0vj6.jpeg)
RE: HSI faces selling pressure as it closes in on 20K level - WhatDoYouThink! - 13-03-2024
Never heard of profit taking?
Read somewhere you claimed to be investing for long term, not bothered by daily fluctuations? Now do day trading?
RE: HSI faces selling pressure as it closes in on 20K level - pinkpanther - 13-03-2024
(13-03-2024, 09:12 AM)sgbuffett Wrote: HSU Sinking back below 17,000. Don't expect it to sustain any of the gains ..most of it artificial propping by Chuna govt funds ..totally unsustainable. China economy remains weak .
It will fall temporary, it has proven on numerous occasions.
RE: HSI faces selling pressure as it closes in on 20K level - Zannn - 13-03-2024
(13-03-2024, 09:12 AM)sgbuffett Wrote: HSU Sinking back below 17,000. Don't expect it to sustain any of the gains ..most of it artificial propping by Chuna govt funds ..totally unsustainable. China economy remains weak .
If u have heed advice cut and buy after CNY, u will have cut loss 20% or make 20%, what more if u leverage. Trade one way just short, stick to reading fundamentals like u do, might as well buy one etf and hold forever better returns.