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Both Dow and HSI rebound from support trendline - good sign for more upside.

Dow surged above 14dMA on 5 Nov, and HSI surged above 14dMA on 9 Nov. High chance for they to test their recent highs - 10119 for Dow and 22620 for HSI. Currently, Dow is at 10023 and HSI is at 22207.

My strategies:

  • Reduce buying.
  • If they fail to surge above recent highs, take some profit.
  • If they surge above recent highs, continue to ride on this up wave (chances for them to test upper trendline).

5 comments

Alvis said... @ November 10, 2009 at 7:16 AM

Haa.. Dow surges above recent high, and closed at 10226. Now, let's see how HSI response today. :)

Alvis said... @ November 10, 2009 at 7:17 AM

Ops, forget to mention.. currently Dow is testing the upper trendline.. so fast!?

Alvis said... @ November 11, 2009 at 8:49 PM

HSI closed at 22627 (recent high is at 22620).. if hold above.. will continue to ride this up wave.

Alvis said... @ November 16, 2009 at 5:16 PM

HSI closed at 22943 (above recent high at 22620).. ride this up wave.

rahul said... @ December 15, 2009 at 7:33 PM

Thanks for gr8 info.

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