Read latest news here Property investment is a capital intensive game and the waiting time is much longer compared to equities. Those who bought into HK properties 2-3 years ago and if they are selling now are likely to incur heavy losses. But they have no choice especially if they are speculators , hoping to flip the properties for a quick gain.........
Yesterday I cut half of my open positions. Namely the digestion I was looking to get, in the obvious line of resistance (200DMA) is not acting as per model. Historical Precedent What is different is the way that the market digested the correction. I was expecting much more the a tight sideways digestion on low volume (green) but the action is not tight...
Guys, it's hard not to notice how similar the 2007 AMEX:SPY chart is to our current 2022. Honestly, I wouldn't go so far as to say - "THE NEXT CANDLE/BAR WILL BE THE SAME!" But just to take note, I think it's probably worth it, because if you look closely, we're actually doing the same thing in the big picture. Conclusion: - Will I trade SPY trying to...
Last week we discussed the scenario of Hong Kong/China equity rebound due to the political environment change in China. HSI did end up close above the May open, creating a hammer candle in the monthly chart, and stood atop the 50 days moving average. Both showed strong bullishness from the chart perspective (Last week note here: ) As a continuation of the rebound...
MONTHLY SUPPLY OF HOUSES IN THE UNITED STATES Recently viewing for the 10th time (at least) MONTHLY SUPPLY OF HOUSES IN THE UNITED STATES Chart I hope it will help you. Sincerely, L.E.D. In Spain on 01/20/2022
Look this isn't a prediction.. just a comparison. Next week is going to one of the most interesting. We wish everyone luck and hope you can a profitable 2016!
As pointed out in a separate comment, the current price/indicator setup increasingly resembles that of 2000 and 2007, immediately before indices' pronounced price declines. A look at the Dow Jones Industrial Average and the Dow Jones Transportation Average confirms that pessimistic view. Beginning in mid-2007, the DJTA started to trend downwards, while the...
As pointed out in a separate comment, the current price/indicator setup increasingly resembles that of 2000 and 2007, immediately before indices' pronounced price declines. See the following chart for the parallels between 2000, 2007 and now, as previously posted: A look at the Dow Jones Industrial Average and the Dow Jones Transportation Average confirms...
Applied 2007 chart pattern to today's market, and it fits pretty well. Of course the market does whatever it likes and does not necessarily follow any pattern. That being said, major support and resistance lines for 2002-2007 and 2009-2014 are similar. Maybe people behave the same psychologically, maybe people and machines have studied past patterns and have been...