[sgbuffett]

Peak formed ...Big Boys show hand and did so befoer 20K critical level that I have identified.

Not a good sign ...don't expect quick recovery. China stimulus now assessed to be insufficient not enough for econkmy to recover.

Above js the posting I made 6 weeks ago on 21 May 2024 identify the peak of HSI. From that point I start shorting....there were a few fake rallies but we are now hear exactly at 18K level....a 50% retracement of the rally that's started from Feb.

I did a further analysis yesterday.
1. State own firms banks and some high dividend stocks held up well.

2. Tech stocks esp more popular names like Alibaba, HD and Baidu sold off alot....20%.

3. Yuan weakened considerably during the seldown.

4. As of last week buyers step in to bargain hunt tech stocks so the HSI fall stopped.

Pro traders will be looking at confirmation of reversal and startbof new rally at this point marked by a strong UP day of 3-4%