Sunday, October 11, 2009

HongKong HSI Index

Clear five waves impulsive down from 2009 October to 2009 March on weekly chart, and negative divergences on RSI, Stochastic and MACD .

On daily chart, you can spot three corrective waves (W)-(X)-(Y) up from March low. Wave (Y) is an ending diagonal and we already finished subwave a, b, c, and d. Subwave e may or may not have a new high, sometime wave e in an ending diagonal could be truncated. But once subwave e is done, the whole structure will be completed.

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