| Mark's Column Professor Kai Keung Mark | ||||
First Bull call (Sept 15, 2009) The forecast is correct (July 8,2009) Confirmation of the bear rebound forecast (Apr 19,2009) Another Rebound Is Coming (Dec 4, 2008) A review of my Own forecasts (Nov 6, 2008) HSI Rebound is coming (Apr 5, 2008) Bear and Bull - China market (Mar 30, 2008) International bear moves (Jan 31, 2008) Bear finally reached Hong Kong (Jan 9, 2008) International Bear Signal Strong and Clear (Nov 14, 2007) International Bear Signal (Sep 9, 2007) Magic of Fanlines (Sep 2, 2007) Market rebound is coming (Aug 14, 2007) Market top warning (July 27, 2007) The HSI's future direction (Mar 13, 2007) Forecast Confirmed (Mar 11, 2007) Chinese Stock Market Bubble (Jan 4, 2007) The bear is coming (Aug 1, 2006) Gold bubble to burst in 2006 (Dec 18, 2005) Speculation of coming peak (Sep 6, 2005) Bull after a Long Wait (Jul 22, 2005) A Review of World Market (Feb 8, 2005) Dow Returns to Bull (June 24, 2004) Dow corrects not because of rising interest rate outlook (May 15, 2004) HSI will challenge 15,000 (April 1, 2004) Correction is likely for HSI (Mar 3, 2004) The Bull Trend Will Continue (Dec 29, 2003) Another buy opportunity coming (October 1, 2003) Bull Sign for HK stock Market (June 13, 2003) US Bull Market Confirmed (May 28, 2003) Speculation on the US Stocket Market (April 22, 2003) Hints from HSBC take over of HII (Nov 20, 2002) DJIA should lead the world in a steady recovery (Aug 9, 2002) Hong Kong market was saved from avalanche (July 31, 2002) Bull returns to Chinese Market (July 9, 2002) HSI to break through 12,000 soon(Mar 13, 2002) HSI to reach 14,000 in mid year(Jan 9, 2002) Significant Rebound of China Market(11/19/2001) HSI to hit 20,000 points in 2003 (11/2/2001) Bad signs from DJIA (9/1/2001) History is a mirror - China market (8/14/2001) Chinese stock market topping further confirmed (7/5/2001) The red chip bubble will burst (6/14/2001) Bull Signs from DJIA (5/22/2001) China Stock Market Topping Out?(4/28/2001) Hong Kong, Victim Under Cross-Fire(4/15/2001) The bear attacks HK suddenly (3/22/2001) Bull prefers Hong Kong than US (12/23/2000) Hong Kong stocks near bottom (11/27/2001) Where is the Bottom?(10/19/2000) Conflicting signals from fundamental and technical (9/30/2000) Hong Kong Stock Market Rosier (9/1/2000) Downward Slide and Bull Ahead(6/13/2000)
HKHSI and NASDAQ Downturn
(5/5/2000) Major Correction in the Horizon (4/15/2000)
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Chinese Stock Market Topping Out The Chinese stock markets are now in a bull run. Both Shanghai A index and Shenzhen A index have three up waves since 1997 (See weekly chart 1 and 2). I believe that one bull run usually consist of three major up waves as outlined in my previous articles (May 5, 2000; March 22, 2001) and counting major up waves also allow me to pin point the HIS peak of March, 2000 (Feb 20, 2000 Financial trend). A closer examination on the third peak of the two Chinese stock markets shows technical final peak features. The Shanghai A index produce a triple-top with neck line (NL) around 2,000 points while the Shenzhen A index produce a head and shoulder formation with Neckline (NL) around 600 points. The move in both markets has turn around breaking the up channel, meaning the height of the third peaks is confirmed. The current Chinese stock markets outlook is quite similar to that in Hong Kong around March 2000 and I expect a big correction or even the end of a bull run is likely. If US impose some kind of trade sanctions such as evoking MFN (April 15, 2001) , it will push Chinese stock markets further towards this direction. The information above is supplied by the author specially for InTechTra's Hong Kong Stocks Report. The opinions in this special column is solely that of the author and may or may not represent the views of Hong Kong Stocks Report. InTechTra is indemnified for any damage or loss that might be associated with the use of the information. Copyright © 2002-2009 InTechTra, Inc. All rights reserved.
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