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(20-05-2024, 11:38 AM)pinkpanther Wrote: The earliest from your previous month posts were all anti China sentiments!
Yes things have changed. I have to adapt.
I may have to adapt again based on facts and data ...and truth.
I am not a fan or hater of china.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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The HSI is getting close to 20K level and we start to see some hesitancy and profit taking.
I still believe th HSI will get to 20K in the coming days. Once reach i will be very careful as it will sink fast if there is no follow through positive economic news just like last year.
Such a massive rally un a short time from 16K level would have attracted short term traders and hedge funds that are trigger happy to take profits..
Not so easy going ahead. if economic news is good and US set to cut rates this year. .HSI 24K is achievable.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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The big boys were tricking many to think the latest round of policy announcements would revive the falling property. The property index in Shanghai actually dropped yesterday.
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HSI plunge as China property measures destined to fail due to insufficiency
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 21-05-2024, 01:11 PM by
sgbuffett.)
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(20-05-2024, 06:17 PM)sgbuffett Wrote: The HSI is getting close to 20K level and we start to see some hesitancy and profit taking.
I still believe th HSI will get to 20K in the coming days. Once reach i will be very careful as it will sink fast if there is no follow through positive economic news just like last year.
Such a massive rally un a short time from 16K level would have attracted short term traders and hedge funds that are trigger happy to take profits..
Not so easy going ahead. if economic news is good and US set to cut rates this year. .HSI 24K is achievable.
20k in coming days. Sgbuffett say hang on
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