The market has came down after 25 basis pts rate cut in US. The fact is "sell on news is always right" regardless the outcome of the FOMC meeting.Market will consolidate for another 2 weeks with high posibilities of HSI re-test the previous low of 25861 level.
Bottom fish when the HSI below 26500. Watch out for China Railway(0390.HK) below8.20 , Sinopec(0386.HK) at about 10.30, and CNOOC(0883.HK) at about 12.20.
Patient and holding power are the key factors to survive in this type of market. Don't forget to do your own study!
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