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Saturday, November 8, 2014

Black Swan Formation HongKong 40 Index Part 2

Wow!  Did you see the Black Swan DIVE yesterday?  It dived and sliced through the 20MA then 200MA below!  Then in the afternoon when China announced pumping of money, it rallied hard just to give up all the gains later with a second DIVE!

See the Chart below if you missed the action!  Oops, I forgot to add the moving averages.

Will it continue to DIVE next week?

Should it continue to drop and break the previous low, then it could be WAVE 3 or WAVE C down in action!

Stay tuned!


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Wednesday, November 5, 2014

Black Swan Formation HK 40 Index

I'm trading (shorting) Hong Kong 40 CFD.  Just noticed a possible Black Swan Formation in the index.

Wow!  Looks like the Black Swan Head is forming, if complete and if I'm am right, the next move is

DIVE!

Black Swan DIVE!

Waiting for it to break 200MA and 20MA  (now crossed and below the index) which is about 300 plus points below.  That should confirm the DIVE is coming!

Now it is supported and sitting on 50MA/100MA, oops, it is going to break!

Will it DIVE?

Stay tuned!

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