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CASE STUDY - HANG SENG - PLOTTING THE COURSE OF AN ECPANDING FLAT PATTERNThe first half of the year has seen some volatile price-swings for the Hang Seng and until recently, most of this taking place within a sideways trading range between 22123.26 and the year’s high of 24468.64. We open this track-record in early January ‘11 with two competing wave counts with an outlook of 12 months forward. Count #1 illustrated a bearish outlook with an expanding flat correction in progress that began from the Nov.’09 high of 23099.57 with ultimate downside targets to 18110.22. Count #2 proposed a more bullish outlook that prolonged the May ’10 advance unfolding as a five wave impulse pattern into the May-June ’11 cycle high targeting 27316.16. Read the full article on Track Record - Hang Seng 2011 END | FIN | ENDE |
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