I think 20000 points is more reasonable, being support level

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Originally posted by peninsula at 2007-8-1 17:44

19,000 is @15% from current level. 20,000 is @10% which may be more likely.

If no further really really bad news from global market, I don't think it is that easy drop to 19000 level.  There are more capital from QDII later this month or in Sept.  

10% correction is more reasonable under the circumstance at this moment unless global market got crashed badly on some unpredictable news later.

Right, it is no way to draw back to 16000 pts, not even to 18000.

I think the lowest point of HS index, can be at around 21000, there should be a good support.  Otherwise, 20000 the lowest I can see.  From 23500 dropped 3500 to 20000, that is a lot 15%

引用:

Originally posted by peninsula at 2007-8-2 13:27

I see support at 19,000 and definite chance to move to 20,000 soon.

Will see

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Originally posted by peninsula at 2007-8-5 22:21

I can bet BIG it won't reach 16,000 in 2007 (not even close)!

This correction in Aug, I expect the good support at 20000, maybe only down to 21000 and then rebound from that pt.

I think it is good if we can expect the closing pts at the end of 2007.

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Originally posted by cherryjasonchan at 2007-8-5 23:48
The first support point for tomorrow would be near the 50-day average line (currently at 21908) or near the 10-week avearage line (currently at 21993).

I think everyone here will still remember  ...

Thanks for your information, I agree market will touch the supportive line at 22000 tomorrow.

Market is testing 50 day line today, it should be okay for today.

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Originally posted by peninsula at 2007-8-6 13:04

Don't worry. It will get back to below $9 soon.

Yes, chance is always there, save your capital for lower price level

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Originally posted by edison1610 at 2007-8-6 15:20
日本都係跌少少... 所以都係入貨為妙

Not much power for rebound today, it may down further tomorrow

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Originally posted by leoxi at 2007-8-6 22:40


Not a good sign at all...

Yes, and Dow is pretty fluctuated tonight; maybe another rough day in HK market tomorrow

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Originally posted by jimmy1001 at 2007-8-7 22:08
Europe is quite OK today, but US is down now.
Tomorrow may be a longest day

We should well understand already. HK market would moderate up and down if US up.
And going down much much faster if US down.  It is always the trend during correction.

So, doen't really matter how US and Europe market are doing tonight.  Same thing tomorrow.
Think about HK market during these 10 days.  The power to rebound is getting weaker and weaker, buying power is lesser and lesser.

Wait for further drop, don't know how low it will go, but don't expect too much the market can up in this week.