Friday, February 26, 2010

Shanghai and Hong Kong Bourses

Roses are beautiful but the flower can last at most 3 to 4 days.

Shanghai SSE Composite Index is at its last journey of its major wave (II). SSEC will finish its sub-wave iv and v of wave C next month. Will SSEC start its major up-trend wave (III) before end of March ? Just watch out.

Hang Seng has been doing its balancing act between SSEC and Dow as both the markets have their respective influence on Hang Seng. But judging from the wave count, Dow appears to have a greater influence on Hang Seng.


Hang Seng appears to be at its last journey of its major wave (IV). I suspect Hang Seng wave (V) will run at the same time as Shanghai SSEC provided Dow does not deviate from its current appeared to be wave (I)-(II)-(III)-(IV)-(V) pattern.


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