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techcharter

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techcharter

Re: None

Thursday, 03/19/2015 10:49:39 PM

Thursday, March 19, 2015 10:49:39 PM

Post# of 51788
Heads Up on Hang-Seng


The Hong Kong Hang-Seng market is about to make a major top.

The rally from the October 2008 has been a corrective WAVE B zigzag.
Wave A from 10676 October 2008 to 24988 November 2010 was motive.
Wave B from 24988 November 2010 to 16170 October 2011 was a corrective zigzag.
Wave C 16170 October 2011 is an ending diagonal in wave 5a.

I have a target of around 25500 by late June 2015.

Once the top is in, the Hang-Seng (WAVE C zigzag) should crash at least 60%, which is the low of corrective WAVE A

http://finance.yahoo.com/echarts?s=%5EHSI+Interactive#%7B%22range%22%3A%22max%22%2C%22lineType%22%3A%22candlestick%22%2C%22scale%22%3A%22linear%22%7D

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