Hang Seng - Runaway Gap ?

Hang Seng put up a significant show today, a gain of 448 points (2.17%) may appeared normal in term of magnitude, but the gain is significant because :

(1) It has left behind a gap, if this gap can be confirmed to be a runaway gap, it signals the completion of the major wave (IV) as shown below.

(2) It brought the index above the neckline

(3) It completed a small inverted head and shoulders.

Is Hang Seng taking over the lead from Dow at this moment? Wait and see.

Political Headlines

Headline No. 1 - Former Penang Dep CM Fairus quits PKR joins UMNO.
Headline No. 2 - Penang MACC probe on Fairus completed.

Separate issues or interdependent ?????? Very good move.