Legend For Phase Chart:
1: Recovery-1: Warning
2: Accumulation-2: Distribution
3: Bullish-3: Bearish

Tuesday, November 18, 2008

Hong Kong Market




The Bear trend continues for the Hong Kong market. The Hang Seng Index is currently below its 50 day and 200 day moving average.

There is no end in sight for the world stock market. The number of countries slipping into recession is slowly increasing with Japan being the latest victim.

The Hang Seng Index slipped into Bear trend since 26 May 08. We are 120 trading days into the current down turn.

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