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S&P 500
6,009.84
(
0.24%
)
US TECH 100
20,539.60
(
-0.13%
)
Dow Jones
44,346.87
(
0.81%
)
Brent Oil
71.69
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-2.74%
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Bitcoin
84,280.56
(
4.72%
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techcharter

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techcharter

Re: None

Monday, 09/10/2007 9:24:38 PM

Monday, September 10, 2007 9:24:38 PM

Post# of 51872
Hang Seng Massive Ending Diagonal

Check out the massive ending diagonal that formed out of the Aug '07 lows. wave 5 started last night and looks 1/2 complete. A little more rally tonight and then the index crashes 20% within 2 weeks. The MACD and Stochastics are in overbought territory and rounding over as momentum wanes.

Long term support is 10K, where several degrees of wave 4 terminated. It's also close to a fibonacci 60% of 24K.

http://stockcharts.com/h-sc/ui?s=$HSI&p=D&yr=0&mn=6&dy=0&id=p35513556486

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