The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Your blog is very interesting.Thank you....my blog: forex chart analysis and a cat
A seller--even though I think the markets world wide still want to go higher!?I like the trade for all the reasons you state in addition it comes with a clearly defined risk, a stop over the old highs. Just as importantly the US markets are very close to printing .618 retracements across the board. Generally speaking a consolidation should take place around this level further allowing Hong Kong to work to the downside. This is also taking place within the confines of a possible massive top forming since last July. However massive tops that fail are simply consolidations for major moves to the upside. Either way I think the risk reward is certainly worth the trade.
Post a Comment