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Since my comment that HSI doesn't look good, it has hit a low at 17710 today, but managed to rebound to close at 18058. This down wave can be a Wave 4 or Wave A. My purchase plan will not be aggressive because there is a risk of it being a Wave A.

Scenario 1 - HSI test 17685 and rebound.
Purchase (10% of available fund).
May have already happen today, and will follow up tomorrow.

Scenario 2 - HSI pullback to Fibonacci Retracement at 50% (16712).
Purchase (10% of available fund).

Based on technical analysis, the following shares look good after the recent dip:
Cosco
KepLand
Midas
WingTai

1 comments

Alvis said... @ June 10, 2009 at 2:36 PM

Scenario 1 was hitted yesterday, invested 10% today.

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