2009年5月8日星期五

END OF WAVE 1



HSIF made a new high since last October to 17155 together with huge vol. of 100B contributed by late comers and massive crowd. As the mass is always wrong, so its a good time to apply the contrary theory.
In term of wave counts, today's top
might be the end of a 5 waves up (5830 pts) expecting a correction to
14,000 is possible.
For alternative wave count, a 335 regular flat is finished and just up to the area of minor wave 4 of 3. The wave 5 of C will bring market to new low.
Personally, I strongly believe that 10565 was a low to this bear market. I would like to buy again at 14000+.
Good Luck

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