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Thursday, 14 November 2013

Hang Seng Index: 14 November 2013, Thursday, 10.58am Singapore Time

Hang Seng Index: 14 November 2013, Thursday, 10.58am Singapore Time


Attached is the Hang Seng Index Hourly Chart showing what the Hong Kong Market is currently doing.

This is also a prelude of what all other markets are attempting to do too: short term escape wave before a climatic sell-off/climax sell-down.

1. Bearish Rounding Top in Execution

2. Break Down Critical Major Support 22711-22780 points.

3. Break Down Immediate Minor Support at 22635 points.

4. An Attempt to Backtest 22635 points as first confirmation of Minor Resistance

5. An Attempt to Backtest 22711-22780 points as Major Resistance

6. First Target of 22770 points Has Hit Per Previously Warned when Above 23000 points

7. Second Target of 22000 points is still awaiting for Price Satisfaction  Execution of The Entire Price Structure in the Chart Above.

8. Second Target will be Accompanied with a Climax in Sell-down

9. Short on Current Rebounds for Climax In sell-down.

10. More Sell-downs to come despite any current rebound.



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