Friday, September 12, 2008

HANG SENG (HSI) BREAKDOWN INSTEAD OF BREAKUP !

Our post on Sep 2 showed that Hang Seng (HSI) was ready to rebound strongly. The instability of Dow Jones (DJI) over LEHMAN issue resulted DJI broken down its resilient rebound support. HSI and the rest of other Asean countires started to fall.

HSI has broken down its support line at 20,870. The downside target is as low as 15,540 in immediate term.

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