Below are the Speed Resistance Lines for the Hang Seng Index.
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Below are the Speed Resistance Lines for the Hang Seng Index.
On July 29, 2023, we said the following:
Some are calling Stephen Roach’s article dated February 11, 2024 in the Financial Times the bottom in the decline for the Hang Seng Index.
Dow Theory is very clear on this claim.
It appears that we’re seeing a double bottom in the Hang Seng Index. If the Index can remain above the October 23, 2022 low then we can feel confident about the possibility for a reversal. However, a decline below the 2022 level will mean more declines should not surprise anyone.
Posted in Hang Seng Index, Hong Kong, Stephen Roach
On March 12, 2022, we said the following of the Hang Seng Index:
Below is a chart of the Hang Seng Index from 1988-2022, reflecting Price Momentum data.
Review:
On October 5, 2019, we said the following of the Hang Seng Index:
“By all accounts, the failure of the Hang Seng Index to meaningfully exceed the 23,264.43 level indicates that the range of 24,585.53 to 21,616.14 is a lock.”
Below, we assess the prospects of where the index might be headed. Continue reading
On October 5, 2019, we said the following of the Hang Seng Index:
“By all accounts, the failure of the Hang Seng Index to meaningfully exceed the 23,264.43 level indicates that the range of 24,585.53 to 21,616.14 is a lock.”
As seen in the chart below, the Hang Seng Index achieved a low of 21,696.13 on March 23, 2020.
There is more room for downside risk, as plainly seen in the Dow Theory target of 19,967.86. Hand over fist buying should be considered at levels below the ascending 19,967.86 trend line.
see also:
Posted in Dow Theory, Hang Seng Index, HSI, Target Achieved
In our early October 2019 posting, we outlined the parameters for what we expected for the Hang Seng index. In spite of the recent increases, everything is lining up, so far. Continue reading
Below are the remaining downside targets for the Hang Seng Index when applying Dow Theory: Continue reading
Posted in Dow Theory, downside, Hang Seng Index, HSI
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. Continue reading
Posted in Cyclical Trends, Hang Seng Index, HSI