(Click on the chart to enlarge)
Until the November 2010 high, Hang Seng has indeed completed 5 waves as pointed by Anonymous
With this revised wave count, there are 2 likely options for Hang Seng at this moment. A very bullish wave count as shown below, a wave (3) of major wave (III) on the run. This run-up is usually very dynamic with very high volume.
OR Hang Seng has yet to complete its major wave B. there will be a short-term run up to complete the wave (3) as shown below before the starting of major wave C.
To enable Hang Seng to have a strong run-up, Dow is likely to extend its current run-up from 5 waves to 9 waves. Hang Seng won't be able to run if Dow started to move lower rapidly.
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