HSI is getting lower and lower and i have been looking forward to this for a long time. Again it shows the true power of candle and technical analysis. The candle shape in the early Sep always showed the year high of HSI this year. Now what I need to do is not to be afraid of buying stocks. It is the great moment to put all your money into the market.
Refer to 從以往歷史估計目前恆指情況's analysis. The bottom of the HSI should be around 20000.
At that time, I am sure the market will be in panic selling. Just need to be patient and wait for this coming.
Technical Analysis
HSI: 21574
HSI RSI: 28.6
Dow's 19933
Cow:Bear 53:47
Stock:Cash: 30:70
2016年12月18日 星期日
18 Dec 2016 Feel the great fall is coming
When we should buy or sell?
After reviewing the historical index trend, it is easy to find that "Double Bottom" pattern appear most of the time and it is a very important signal to determine buy-order timing. On the contrary, if this pattern fail and the stock market ,which is already at the second bottom, keep falling, it will cause another huge fall and people will be frightened of it.
At this moment, given that RSI of HSI is near 30 and Dow' index almost hit 20000, HSI is at the position of the second bottom. Normally, it means it is a good time to buy stock and i should try to buy more and more. However, I feel frightened whole day as I think it is highly possible that the second bottom is not a strong supporting position and so the market will fall easily with the aid of Dow's failure to hit 20000.
So, I decide to sell more stock to have a felling that i am at a safe position. At this moment, my stock-cash ratio is 30:70. I am going to increase the cash ratio to around 75-80% and hopefully this fall will not bring me to lose more than 10 thousands. After selling, what I am looking for is, of course, another second bottom pattern.
Technical analysis
HSI RSI: 34.3
C:B ratio: 60:40
Dow's index: 19843
After reviewing the historical index trend, it is easy to find that "Double Bottom" pattern appear most of the time and it is a very important signal to determine buy-order timing. On the contrary, if this pattern fail and the stock market ,which is already at the second bottom, keep falling, it will cause another huge fall and people will be frightened of it.
At this moment, given that RSI of HSI is near 30 and Dow' index almost hit 20000, HSI is at the position of the second bottom. Normally, it means it is a good time to buy stock and i should try to buy more and more. However, I feel frightened whole day as I think it is highly possible that the second bottom is not a strong supporting position and so the market will fall easily with the aid of Dow's failure to hit 20000.
So, I decide to sell more stock to have a felling that i am at a safe position. At this moment, my stock-cash ratio is 30:70. I am going to increase the cash ratio to around 75-80% and hopefully this fall will not bring me to lose more than 10 thousands. After selling, what I am looking for is, of course, another second bottom pattern.
Technical analysis
HSI RSI: 34.3
C:B ratio: 60:40
Dow's index: 19843
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