Charts Series #2

By Paul on August 14th, 2009

The recent market rally seems to be pausing after a huge run up. Even Hang Seng has breached 20,000. Fundsupermart has an article on this level. It seems that valuation has been reached for the moment. Long term investors can still hold. Minor corrections seems to be underway while uptrend is still intact.

HSI is very dependent on US side as well as the China front. The former seems to be running up, lagging behind the asian markets while China seems to be running out of steam, correcting more and correcting to larger extent.

Have u seen SSE correcting nearly 5% at 2 points. It gives me a cause of concern. I’m watching the levels it might breach. S&P seems to be flirting with its resistance too.

I have trimmed my China Funds by half to wait at the sidelines.

BTW, have you seen this Henderson Horizon China Fund?

It is quite OMG. Might park some of my $$ in there to take advantage of the short/long play.