Below is a chart of the Hang Seng Index (HSI) from 1986 to 2018.
In the charts that follow, we break down the percentage change in each cyclical rise and decline of the HSI.
1989 to 1995
1995 to 1998
1998 to 2003
2003 to 2008
2008 to 2011
2011 to 2016
2016 to 2018
Observations
The average increase has been +193.65% while the average decrease has been –45.20%. When we exclude the period of decline from January 2018 to October 2018, the average decrease is –48.77%.
Based on the work of Edson Gould, the following are the remaining Speed Resistance Line targets for the Hang Seng Index:
-
20,898.54
-
15,974.95
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