Dedicated to those who truly believe in Global Local, seeking investment opportunities abroad especially mainland China, Hong Kong, Taiwan and Singapore.
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Thursday, January 24, 2008
HK Great Wall at 20800 and 18600...
HEar no Evil, See no Evil and Wait no Evil! Dare your heart and buy when HSI drops to 20800, if this level broken, wait until below 19000, strong support at 18600! Opinion is the cheapest commodity in the world, hear no evil!
1 comment:
Anonymous
said...
Buffet: afraid when everybody is greedy while greedy when everybody is afraid.
like what the moderator said holding power is the most important assets of investing shares.
hsi is not likely to fall below the 22529 level as its the level that the 'direct train' bull run is started. whenever the 'direct train' deal is not cancelled, hk people and china people will not let the key index down.
even if the key index below 22529 level, how low can it go???
18662 where subprime issue spurred on 18/07/07.
3000 point in hsi is nothing(can reach within 1 day as intraday high of hsi history is 2332)
plus, the fed is so eager to save the economy as they willing to lost all the portfolio investment in bond and money market by lowering the key rate like there's no tomorrow.
the presidential election on end on august add more 'salt' to the story.
also, china influential over hk is undeniable. everybody is talking about olympics, infrastructural project and shanghai composite to reach 8000 point by the end of the year.
subprime and credit crunch!!! the only reason that resist hsi from shooting up.
however, subprime has cost hsi to drop 10000 point from the peak of 31952.
we dun know if that the end but here is my prediction:
in the shortest term, hsi will rally to 25000/26000 and stay there for some time. after that hsi will rise to 28500-30000 level at year end.
next year: the miserable year for the economy and all markets(stock, bond, money)except for commodities.
HEar no Evil, See no Evil and Wait no Evil! Dare your heart and buy when HSI drops to 20800, if this level broken, wait until below 19000, strong support at 18600!
1 comment:
Buffet: afraid when everybody is greedy while greedy when everybody is afraid.
like what the moderator said holding power is the most important assets of investing shares.
hsi is not likely to fall below the 22529 level as its the level that the 'direct train' bull run is started. whenever the 'direct train' deal is not cancelled, hk people and china people will not let the key index down.
even if the key index below 22529 level, how low can it go???
18662 where subprime issue spurred on 18/07/07.
3000 point in hsi is nothing(can reach within 1 day as intraday high of hsi history is 2332)
plus, the fed is so eager to save the economy as they willing to lost all the portfolio investment in bond and money market by lowering the key rate like there's no tomorrow.
the presidential election on end on august add more 'salt' to the story.
also, china influential over hk is undeniable. everybody is talking about olympics, infrastructural project and shanghai composite to reach 8000 point by the end of the year.
subprime and credit crunch!!! the only reason that resist hsi from shooting up.
however, subprime has cost hsi to drop 10000 point from the peak of 31952.
we dun know if that the end but here is my prediction:
in the shortest term, hsi will rally to 25000/26000 and stay there for some time. after that hsi will rise to 28500-30000 level at year end.
next year: the miserable year for the economy and all markets(stock, bond, money)except for commodities.
housing slump + credit card slump + inflationary problem + banking sector declining + technology stock tumble + us currencies weakening.....
the dark day of economy start 1/1/2009
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