The whole period started from 18-2-03 when the first news of Sars victim was announced to the launching of government rescue package on 25-4-03 lasted 57 trading days with a drop of 15.78% to 8332. Before that the market had been dropping 161 weeks from 18396 recorded on 26-3-2000 to 8332 for 55%.
Interested to note:-
1/- from 28-10-07 31958 to now is only 79 weeks as compared to 161 weeks.
2/- from 31958 to 10676 dropped 67%
3/- Sars happened at the latter stage of correction and after that a big rally brought hsi to 14000 record high.
Outbreak of Swine Flu outcasts any optimistic outlook and we expect for a deeper correction to come.
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