Monday, February 1, 2010

HSI Long?

Potential rebound this week if breakout 20300.

Obviously there is short setup however there is increasing chance of false breakdown after a big down move without meaningful bounce.


Updated 2nd Feb:
HSI did a false breakdown on monday and proceed to breakout. Strange, breakout should be bullish bias but broad market red.

Filled buy order on retracement.



Updated 15th Feb:
Did not hit 21000 tp. What weak market, sellers leading all way.

Filled half at first major resistance. Filled half at entry price.