hsi wk 20150705

http://koei1024.blogspot.hk/2015/05/my-way-to-look-at-this-need-to-re.html

Bullish view:

a1- a "healthy" correction as most people 'hope'.
'Rationally', 249 or 239 should mark the end of this down swing comparing the green & red lines & fibo. retracement. More importantly, thicker blue trend line holds

a2- if I were bullish, I would expect a target near circle 7, utmost circle 5, before another "bullish" major trend would have come ...

'less' bullish or bearish view:
"break & re-test of trend line" scenario:

b1- after 239 level has broken and thus the thicker blue trend line, a stronger support should be between 223-229, and would follow with a strong sharp reversal to 248-255 level. finally, it would end the correction near 223-229 level for double bottom pattern or a lower leg for C wave of ABC zigzag correction

b2- (with ref. to cruel oil from Jun. 2014 to Jan. 2015) retest of trend-line as in b1) would lead to a drastic meltdown to level near 161 but the end would be yet to come ...

(this post is not meant for any trading advice...)