Hsi very weak today. TS any view?
I spent the morning buying 2nd liner stocks that have been sold off.
Now I'm interested in the HSI which fell -188pts (now 22935pts).
WHY? Are we not all suppose to PANIC?
Isn't the market having a LONG WAY MORE TO FALL?
The answer is NO. The market is very close to bouncing up although where I called the bottom for HSI, more than a week ago proved to be holding up as the HSI remain above that level despite general weakness.
BUT THE MARKET WILL SOON REBOUND. WHY?
Check this market :
www.tase.co.il
This is the Israeli stock market and it rose 1.4% yesterday. Why? The Israeli traders already got wind that the US impasse will end soon and sources say the mainstream media is not well informed.
My moves today :
1. Morning - BUY small caps and 2nd liners.
2. Noon - BUY HSI.
Market prove fearful. but I think people are missing OPPORTUNITY....some are even SHORTING the market, but it will prove to be their mistake.