hsi 20170220

in end December 2016, I expected for a rebound to 22500 level. (http://koei1024.blogspot.hk/2016/12/hsi-hr-20161229.html). But it was far too early for a top to appear, it evolved into a consolidation around that level (mid Jan., 23000-22600).

As a trader, I admit I can make mistake. Never fatal since my entry is relatively small. Most importantly, in order to survive in the market, we need to stay sharp with changes that are against our expectation and shall cut loss fast.

For the moment, there is no obvious signal showing any weakness in market. One should note the decreasing volume since Feb. 15th would indicate a top is forming or not.