HSI

I usually do not like and advocate relying solely on technical indicators to spot profitable patterns as i believe such indicators are overused and unlike in the olden days, one would most likely have little edge in using them. However, one indicator that i have been tracking for a long time works very well with the HSI in spotting intermediate/short term bottoms. I know the above statement i have made is contradiction in terms, but making money is the name of the game. This indicator has proven itself for the past 1-2 years and coupled with my sentimental and fundamental analysis, i think we have a good buy signal.

I think HSI should hit 21800 by end of the month.