Wednesday, August 03, 2005

20050802 The bull continues unabated, helped by the previous day's good results of HSBC. Looking at the 1 August candlestick, it was a big white candle, opening at the low and closing at the high. Normally after such a pattern, the next day indicates folow through or at least close off any lows. Objectively, HSI looks overbought, maybe longs should look to lock in some profits. Posted by Picasa

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