If I didn't know it was the Chinese market, I'd call the dailies a blow off top. but since this is the Chinese market, it's been more exception to the rule than the other way around.
Compare today with how it was a month or two back though. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1627893">
I started trading the HSI a little over a month ago but decided to quit trading it as my heart can't take the excitement. I'm glad to say I made pretty good money during that month I was trading it but days like today, I'm glad I made my decision. I probably would have given it all back and then some.
Slippage is huge these days. I experience 20 points slippage on a daily basis Ticks jump all over the place
I haven't watched the HSI fts in a couple yrs. Its just MADNESS lol. A tick is like 40 pts! and what is up with diff between the index and fts? index - 72 now and fts - 13?? no wonder I quite watchin the HSI. wild p.s. the fts moved like 150 pts as I wrote this post lol
HSI is the best trading instrument there is. If you made a wrong entry, just wait and the market will come back to you.