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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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