Hang Seng - Still in major wave C ?

Colmar Germany

Hang Seng Index gained 746 points (4.14%) today to close at 18,771. This is a big gain and it gave me an uneasy feeling. Am I too bearish? Can the worst be over? It prompted me to recount the waves for Hang Seng.



The run up from March 2009's low has only 3 waves, it has to be the major wave B. The down trend since the 8th November 2010's high of 24,964 has to be the major wave C. Everything looked OK, Hang Seng remains in its major wave C formation. the current rebound is the wave 4 of C. This wave 4 rebound can even go to as high as 22,000 before the starting of wave 5 that can have a 10,000 points drop to 12,000.

Amazing Grace by II Divo

II Divo ("divine male performer" in Italian) is a multinational operatic pop vocal group created by Simon Cowell (one of the judges for American Idol)

Con te Partiro (Time to Say Goodbye) by Andrea Bocelli

With Sarah Brightman

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