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(16-09-2024, 10:56 AM)sgbuffett Wrote: Watch 17K level.
Despite weekend release of lousy China econkmic data showing slowdown across the board, market is muted today
Although i am LONG HSI I have not added to my original positions and I am not optimistic of anything improving in China economy.
The main factor is US rate cuts. and strengthening of Yuan. These 2 factors will counter the weak china economy which is a well known thing and discounted by the market already.
HSI has rebounded to 17700 from 17000.
Like last time it nears 18K I expect it be unstable and experience profit taking.
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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(17-09-2024, 01:56 PM)sgbuffett Wrote: HSI has rebounded to 17700 from 17000.
Like last time it nears 18K I expect it be unstable and experience profit taking.
Did u expect it to be unstable during last 18k? U confidentially said below 18k at most last a day. Grab the opportunity for max upswing le
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(02-09-2024, 09:52 AM)sgbuffett Wrote: Expected there is some volatility and HSI is sold down from above 18K to 17750.
While tiis look like another failure to stay above 18k and traders gave shorted ...I believe the HSI will recover quickly to above 18K.
The reason is all the blue chip earnings already out and shows a stabilisation. With US interest rate cuts coming and Chjna/HK markets being the highest yielding markets ....these markets can sustain an uptrend unlike previous selloffs.
Any selldown below 8K is a small window of time to buy. Take advantage as these may last only 1 day or half a day.
Market will reverse from intraday selldown and move up at 1030am when automatic buy programmes are turned on.
Pro traders will buy at 1030am to get the best upswings.
This long thesis explained clearly that u expected market to rally from the last 18k? Pardon my lousy english
(This post was last modified: 17-09-2024, 05:46 PM by
Zannn.)
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HSI ti retest 18K level soon on the back of FED rate cuts
Property related sticks are main drivers as they benefit most from rate cuts.
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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(09-09-2024, 10:12 AM)Zannn Wrote: U r right on broad terms but wrong in most trade timings so will still lose $$
Sgbuffett, told u fierce selling u say rebalance. Told u can buy at 17100 u don’t dare. But we all learn together
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HSI just a hairline from critical 18K level..
As per before, we shall see how HSI perform and whether it can stay above 18K...once it is crossed.
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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3rd try to stay above 18K.
Lots of wind blowing behind its back as Fed rate cut has more positive effects in Asian markets that US market which is overvalued.
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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