Monday, 1 February 2016

Hang Seng completing huge bullish running flat?

Is the Hang Seng completing a huge bullish running flat? Sorry no time to slap EW labels on the chart. In my weekend post I made the case that the S&P 500, Nikkei, Nifty, EURO STOXX and ASX 200 had all bottomed, but wasn't as sure about the Hang Seng. This chart and the EW running flat boosts the bullish case for the Hang Seng. Just needed to zoom out, is all. Thanks to Nulla Trader for helping me see it.

I recommend reading Five Minute Investing by Braden Glett, just in case stocks are entering another Bull phase

Five Minute Investing written by Braden Glett was one of my trading bibles during the ASX 200 bull market years prior to late 2007.

It describes a logical, rational, and simple way of building and managing a portfolio of growth stocks. Written in 1995, with definite echoes of Nicolas Darvas' 1960 classic How I Made 2,000,000 In The Stock Market.

It is a perfect fit for my bull market trading psychology. Have a read and see if it fits you too. Maybe it will, maybe it won't.

Here's a link to Five Minute investing in pdf format. Free and 68 pages long.