Hang Seng Index : Critical Supporting Point at (23150)Monthly...

Hang Seng Index : Critical Supporting Point at (23150)


Monthly Cycle Pivot Center : 23420 - 24614 - 25331
 Normal Lower Limits : 20362 - 21162 - 22067
Normal Upper Limits : 26479 - 28066 - 28594

Weekly Cycle Pivot Centers : (24717) - (25489) - (26255)
Normal Lower Limits : 21584 - 22745 - 23345
Normal Upper Limits : 27850 - 28233 - 29165



Directional Indicator : 22824* - [23372] - 23420 - 23611* - 24456* - 24614 -  (24717) - 25331 - [25426] - (25489) -  (26255) - [26379] -

Significant Supporting Levels are 22824* - [23372] - 23420.


Remarks : As shown in the monthly cycle charts the market current expected trading range is 22910 - 23930. In the morning session the market is testing the significant supporting points at [23372] - 23420. Speculative selling pressure will increase when the market is trading below the weekly cycle mid-point reference at (23150). The weekly cycle normal lower limits at 21584 - 22745 - 23345 will serve as short term supporting levels.

Mid-Point References : [20151] - 20420* - 20515* - 21891 - [22405] - 22630* - 22888 - (23150) - 23699 - [24117] -(24117) - (24800)

(The positions between the limits and the pivot centers are defined as mid-point references)



HSI : Monthly Cycle Charts
http://www.qindex.com/hsi.html
Albert Cheung (Ph.D.)