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Scenario
If HSI form a lower high (below 19161), and start a down wave. I will be looking at the following levels to purchase:

a. Fibonacci Retracement at 38.2% (17350)
Purchase (10% of available fund).

b. Fibonacci Retracement at 50% (16800)
Purchase (20% of available fund).

c. Fibonacci Retracement at 61.8% (16243)
Purchase (30% of available fund).

Note: The Golden Cross, when the 50-day moving average for a security crosses above the 200-day moving average, occurred to the S&P 500 on 23 Jun 2009.

1 comments

Alvis said... @ July 9, 2009 at 9:31 AM

HSI hit a low at 17493 yesterday, and I have entered market with 10% of available fund.

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