Hang Seng Index : Critical Support 20734

Posted by Qindex on Sun, 2008-06-22 14:40
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HaHang Seng Index : Critical Support 20734

Normal Lower Limits : 18748* - 20065 - 20347
Lower Mid-Point References : 20144* - 21186 - 21837
Weekly Cycle Pivot Centers : (21539*) - (22306) - (23326)
Upper Mid-Point References : 22934* - 23427 - 24816
Normal Upper Limits : 24330* - 24548 - 26306

Weekly Cycle Congested Area : 16755 - 18350 - 19944 - (21539* - 23134* - 24728*) - 26323

Remarks : The market is stable when it is able to consolidate within the weekly cycle pivot center at (21539*) - (22306) - (23326). Speculative selling pressure will increase when the market is trading below (21539*). The weekly cycle lower mid-point references at 20144* - 21186 - 21837 would serve as short term supporting points. A critical supporting point is located at 20734.

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