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Wednesday 6 November 2013

Hang Seng Index: 6 November 2013, Wednesday, 8.59am Singapore Time

Hang Seng Index: 6 November 2013, Wednesday, 8.59am Singapore Time

Attached is the Daily Chart of Hong Kong Hang Seng Index.

Hang Seng Index has met with a power triple resistance to trigger the short term sell-down:

1. PINK MID-LONG TERM RESISTANCE AT 23200-23500 POINTS REGION.
2. CLASSICAL RESISTANCE AT 23511.5 POINTS.
3. UP-CHANNEL SUPPORT-TURNED-RESISTANCE AT 23100 POINTS AREA.
4. DNA FUNDS FLOW ANALYSIS DAILY CALCULATIONS AND CARDS-COUNTING OF BIG HANDS MOVEMENT INDICATE THAT IN THE WORLDWIDE FINANCIAL MARKETS, BIG HANDS SWITCHED TO SOME SHORTS AND POSSESS BLOATED AMOUNTS OF PUTS.

Asia is expected to lead the stock markets sell-down during this short term correction which I had warned in advance last week. Worldwide short-term corrections of International Financial Markets are awaiting for full execution.

Short-term:
Bearish Biased Sell-Down



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