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Funbet

HS at 19,000 is still on the cards.

The pattern is there but time seems to be running out.

As I said today, HK seems to have broken down from a 4th wave triangle of wave C and just rallied back to the break down.

HK and China markets are less than inspiring so whether they can happen alone or are part of a global down move I am unsure.

The HK move could happen by March 23 but a severe China decline seems to fit an October time frame.

I am undecided about this global market.

If it is a normal correction then it should be over this month.

If more severe then more likely a bounce shortly which may be several months and then an Octoberish low.

Others say more severe and may be correct.

I feel I need to treat this market as "normal" until otherwise proven different.

My approach will be to take any low this month as "it" but use moving averages as confirmation.

I still do not quite have the weekly and monthly momentum indicators exactly where I want them, but they are getting there.