Hang Seng

Hang Seng Index -12

A mixed day ending in the middle of the range at 27017. Short term bearish view currently holding in a console range. Mid term, a support region at 25800 - 27000, will this support hold and a double bottom form?

*Point to note is that HSI, Nikkei and STI are all in their mid term support level. A point where if holds, a double bottom will form followed by a nice rally. This is also the buy region until support turns resistence where appropriate cut loss levels have to be in place.

DJ fut +22
FTSE fut +12.5

Will this year end, 2007, bring a rally in the markets or will it bring a bust? Sitting at the support, a decision have to be made soon. In US tonight, GDP and jobless claims will be reported.

The Feng Shui Master spoke a few words for this year end. And it says "The last week of 2007 will be the key turn around for financial markets." The question is, turn up or down. Since the short term view is bearish, turnaround could be up. Whatever the conclusion, always be prepared for the unexpected and protect your capital.

And remember, let the wind into the house so that your water can flow. And please feed your fish!!!