17-09-2024, 05:04 PM
(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