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Tuesday, August 10, 2010

Hang Seng index ( HSI ) [Updated]

HSI hits the thick blue downtrend line and retreated by 328 points or 1.5% today. It is looking set to head toward lower boundary of the downtrend channel. First support 21,000, second support 20,600, critical major support at 19,350.

Apart from the Dow Jones Industrial Average ( DJIA ), The Hang Seng Index ( HSI ) is the next most influential index to STI.

[update] Just read the blog of Colin Twiggs ( HERE )... It is interesting to note that we both share the same view on 2,920 being an important level to watch for STI.


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