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Is HSI still in Wave 3 (up)? Or the beginning of Wave 4 (down)?
Er.. not sure. But I believe that there are lots of $ at the sideline waiting to get into the market. Any pullback will be supported by $ rushing in due to the fear of missing out.

So, this is my purchase plan for Wave 5:

Scenario 1 - HSI pullback to Fibonacci Retracement at 38.2% (16452)
Purchase (10% of available fund).

Scenario 2 - HSI pullback to Fibonacci Retracement at 50% (16071)
Purchase (10%).

Scenario 3 - HSI pullback to test 15781
Purchase (30%).

3 comments

Alvis said... @ May 15, 2009 at 1:01 PM

Yesterday, HSI hit scenario 1, but no purchase done due to share price didn't hit my target price.

Alvis said... @ May 15, 2009 at 9:40 PM

Invested 10%!

Alvis said... @ May 18, 2009 at 10:02 PM

Some changes to plan.. HSI hit scenario 1 again, and rebound strongly. Invested another 5%.

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