Monday, March 12, 2012

HSI target

In a long term bullish trend, a correction 1/3 of the rally is not uncommon.  By simple arithmetic, the correction of 16139-21764 trend could reach 19889.  It also roughly match the current a-b-c correction pattern started from Feb 20, which projects a low of 19839.  Should consider going long around 19900 in 2-3 weeks.  Let's see.

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