good evening,
the rebound did came as expected, but will this continue or is this the end? y did the indexes made a turn during lunch? the answer lies in the charts. u will realise that hsi hit temp R juz @ lunch time n nikkei hit during lunch, nikkei made a turn confirming R was valid and the rest will likely follow suit, which gave u much time to prepare for profit taking.
base on momento, we have to assume the rebound is still in play until this bounce support is negated or a bearish form borned, whichever faster. Remember, this is a rebound in a ST bearish mode, so manage ur risk.
send me a comment/mail if u have any questions. feel free to state ur comments/opinions.
enjoy... Heiwa
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