Hang Seng Index

HenryTo · Posted: Tue Oct 02, 2007 11:27 pm Post subject: Hang Seng Index

Hong Kong just keeps on rising - now more than 40% above its August lows:

http://finance.yahoo.com/q/bc?s=%5EHSI

rffrydr · Posted: Fri Oct 05, 2007 8:42 pm Post subject:

Record ride:

http://bespokeinvest.typepad.com/bespoke/2007/10/hong-kong-far-f.html
_________________
Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Thu Oct 04, 2007 8:05 am Post subject:

The government always said these listing would "contain" their market. That there should be such a rally in the face of this is something only a bubble can do--or revolution.

http://www.marketwatch.com/news/story/beijing-set-ban-simultaneous-listings/story.aspx?guid=%7B78ADC070%2D01EC%2D4E2A%2D8E39%2D514B16AF38AD%7D
_________________
Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Wed Oct 03, 2007 9:21 pm Post subject:

The bull (mega) backdrop:

http://www.tradingmarkets.com/.site/news/Stock%20News/665127/

But by letting China out, they've already let us in. --Maybe not our money; but how long before "earnings yield" makes its way through translation? Idea

_________________
Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Wed Oct 03, 2007 3:26 pm Post subject:

550 on Shanghai; 28000 on Hang Seng. --A chinese perfect 10.

[edit] FXI 190 another 10

http://stockcharts.com/h-sc/ui?s=FXI&p=D&b=5&g=0&id=p29586254122

Nothing is perfect.
_________________
Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Wed Oct 03, 2007 3:21 pm Post subject:

And the foreigner was the sucker: yesterday's ft ran a chart superimposing HS against QQQQ '98...two more years of rally to go Idea

The story behind the peak of the peak:

http://www.forbes.com/2007/10/03/wynn-sands-casinos-markets-equity-cx_er_1003markets14.html?partner=yahootix

THIS was the key event of the week.
_________________
Today is the Tomorrow you worried about Yesterday!

HenryTo · Posted: Wed Oct 03, 2007 8:07 am Post subject:

Yes, huge one-day reversal in the Hang Seng last night - one of the biggest I've seen in a major index. For those who bothered to read Edwards & Magee, this can be a very powerful reversal signal, given the right circumstances. Consider this:

1) At the peak yesterday morning, the Hang Seng had risen >40% from its trough in mid August - signaling a huge overbought condition

2) Global divergences abound - as most U.S. indices and nearly all European indices had not made all-time highs since mid July

3) A significant chunk of the money were flowing in from China - and the People's Bank of China is continuing to tighten. At the same time, there are still no signs of more capital controls being lifted.

4) The one-day reversal signal is at its most effective when it is accompanied with huge volume, and yesterday definitely qualified.

rffrydr · Posted: Wed Oct 03, 2007 8:01 am Post subject:

Until today: several ADRs off big--including foremost chinese equity of equities WYNN--in face of upgrade:

http://finance.google.com/finance?q=NASDAQ%3AWYNN
_________________
Today is the Tomorrow you worried about Yesterday!