Yes Plunger - I look at it the same way. Reading the charts of the Dow and S&P it's like we're just about to have a significant leg down to about 6000 and 600. I'm not saying it's gonna happen, but it sure looks like it's about to happen.
True, I don't know if it's going to happen either - nobody does, but i'm just getting that gut feeling. That V bottom (or W) in 2002 for the dow doesn't give me much confidence for support. I have a short target of 6K handle too. I still think we get a couple of days up before we head lower - but todays asia behavior is a bit sketch.
I wish I had some access to long term monthly charts for the Hang Seng. Have you found any? Or do you pay for them?
It takes money, not balls But anyway, here is your chart: http://bigcharts.marketwatch.com/qu...&sid=1003754&o_symb=XX:1676121&freq=2&time=13 You can hit the "advanced" button, and then switch to monthly bars by using the control panel that pops up on the left.
Funny you should say that. I was writing about it a while back: http://elitetrader.com/vb/showthread.php?s=&threadid=110811