Melbourne Qindex 01:46 GMT April 16, 2005 Hang Seng Index (Weekly Cycle) : The market is going to trade lower and move away from the "Super Magnet" at 13621. The odds are good that Hang Seng Index will tackle the lower trading range at 13258 - 13349. If the market momenntum is strong enough to penetrate through 13258, the next two targeting points are 12895 and 13077.
Melbourne Qindex 01:36 GMT April 16, 2005 Hang Seng Index (Weekly Cycle)
Projected Support 12895 & 13258
The key quantized levels of my weekly cycle are located at 12895 - 13258 - 13621 - 13984 - 14347. The mid-point reference of the series is defined as the "Super Magnet" in my system. The market has a strong momentum if it can move away from the "Super Magnet".
