Holy Hang Seng, Batman (part duex)

HSI opens down....1200 points? Is that right? That's what my Thompson feed just said. Says opens at 28500 and closed last night at 29708.

 

IDK, I will let you know in 20 minutes

 

Not sure have a look here it shows it down 985

http://www.hsi.com.hk/

 

Nikkei closed -2.0%; Hang Seng closed -3.2%; Shanghai Composite closed -4.9%.

About on par with our carnage all things considered.
~SI

 

So will the Shanghai finally REALLY cave in like the NAZ a few years ago? Continuous 3-5% sell offs in the index is not out of the question...

 

The Shanghai has been Shanghai'd.



Has it broken the long term trend line yet?

Getting close.

Any experts have an e-wave count? Looks sort of like wave 4 here.

 

are resident guru, stocktrad3r got long the FXI @ 205ish???? he says no worries....I say homeless

 

I've posted last week a chart of Hang Seng, there is a massive divergence on daily chart, huge reatracement range possible.

We also have bearish divergences on weekly S&P, DOW30.

Bearish divergence on monthly DAX. All triple ones.

It will take a miracle, considering factors which are evident even to an amateur investor/trader, to hold world indices from performing a huge correction.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1688343>

 

wow, I knew it was up, but that is parabolic....I guess thats why the turd3r is long....I stil believe he has nothing at risk......because he has NOTHING to risk

 

from 20k-32k now back to 26k..that's a 50% retracement...should have a bounce coming.