Wednesday, November 30, 2005

20051129 As expected HSI sells off following Wall St down. Watching the mov avg for possible scalp long levels. Posted by Picasa

Tuesday, November 29, 2005

20051128 Continuing on the blistering pace upwards. However, should follow Wall St retrace downwards back t the 9 ema. Posted by Picasa

Saturday, November 26, 2005

20051125 Consolidating after the breakout move, waiting for next pattern. Posted by Picasa

Thursday, November 24, 2005

20051123 HSI continues upwards, reaching target 15050-100 from the breakout of the large consolidation range. Posted by Picasa

Wednesday, November 23, 2005

20051122 May be consolidating in bull flag for next leg up. Posted by Picasa

Tuesday, November 22, 2005

2005121 With strong close on Wall St again on 21 Nov, the target 14510 on the breakout from consolidation last week might be reached today. Moving averages below provide support. Posted by Picasa

Sunday, November 20, 2005

20051118 Tested and closes above key 50 ema. A possible trade idea would be to buy pullback to the 9 ema for the long. Posted by Picasa

Friday, November 18, 2005

20051117 After the breakout of the big consolidation range, pulled back and now on the way up again, targeting the upside gap on the daily chart. Posted by Picasa

Wednesday, November 16, 2005

20051115 A pullback after the breakout of the large trading range. If can get through 14580 and hold above, then may get a continuation of the upside move. Posted by Picasa

Tuesday, November 15, 2005

2005114 Moving average level today proved to be good shrting level, providing some resistance for the HSI break lower. Posted by Picasa

Saturday, November 12, 2005

20051111 Breaks out of the big consolidatin range, targets 300 pts from the top of the range. Would look to add or establish position on pullbacks. Posted by Picasa

Thursday, November 10, 2005

20051110 A small rangebound day today. The consolidation could lead to the breakout either side, so buying the upside high of today's bar can lead to potentially 300 pt move, or shorting the downside at 14200. However, CCI points up, biasing the trade to the upside. Posted by Picasa

20051110 An interesting consolidtion pattern forming, which could see a big breakout move on the break of the high or lows. Posted by Picasa

Wednesday, November 09, 2005

20051108 Posted by Picasa

Tuesday, November 08, 2005

20051107 Moving avg provide good levels of resistance to short against, supported by down momentum CCI. Posted by Picasa

Saturday, November 05, 2005

20051104 Profit taking takes HSI down testing moving average support of 14444. If this level cannot hold, will confirm the bear flag formation breakdown with test of the lows. Posted by Picasa

Friday, November 04, 2005

20051103 Moving averages bove the market provide good resistance to short against for scalps. Posted by Picasa

Thursday, November 03, 2005

20051102 Rebound gathers steam rom the deeply oversold conditions. Posted by Picasa

Wednesday, November 02, 2005

20051101 Posted by Picasa

Tuesday, November 01, 2005

20051031 Daily chart with the candlestick today showing buying interest. Posted by Picasa