HSI Markets were the cheapest among all important Equity Indices around the world, with only 8x P/E Ratio, the drop to 16000 is a BUY BUY BUY!! Expect to rally at 19000-19500 the least, and 21000 the maximum.
London, the remaining ones who give hope to Europe nation, is for a possible enourmouse 15% rally from the lows, BUT, BUT a possible super huge head and shoulder pattern forming. Be wary, as this could be the another forecast to be seen happening in the near future. The rally to 5750 is an opportunity to get out, and maybe the right shoulder being formed.
Germany, the counterpart of London, is also bracing for a possible head and shoulder pattern, forming into the base, and same with London FTSE, a double dip target is attainable once HnS pattern is confirmed.
Australia Index, this market slows down due to heavy floods in Q1 and Q2, now in Q3, it returns back to GDP gains, expect AU trend to be under the large Black range, trade the range, and expect to rally around 4500-4650 before any downtrend occurs.
KOSPI, the K-Pop country, has made a positive divergence last week, coincidentally happened with the 10700 lows. This market gave a good signal for me to get into asian markets, and its very successful giving a good positive divergence for MACD and RSI.
Expect KOSPI to rally until 1900-2000.
All markets are in a corrective actions from the 20% losses globally for the past 4-5months, may these become so strong or weak, take it as a chance to lighten down, as ECB and Greece has no "good" and "recovery" plans yet, just last week, bad news grips Greece, with a bloating debts, and expanding loans.
Be safe and make sure to cash out profits.
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