| 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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Time to Buy (July 26, 2000) The July 10 (mark 5) article predicted that there should be a correction after the long upward rise. Now this prediction have materialized. This is the opportunity to buy which was already stated in the last (mark 5) article. The key point to be discussed here is the extent of the correction. In normal bull market correction, the correction is about 1/3 to 1/2 of the rise. Now the rise start from 13,700 and reach 18,100 (HSI) so the extent of rise is 4,400 points. One third of it will be 1467 point implying a correction reaching 16,633. Because many people did not get back into the market due to the sharp rise, they are counting on this correction to buy. Therefore this correction would not be very extensive. It is time to start buying after HSI breaks below 17,000.Looking back, HSI produce perfect and meaningful chart formation in this cycle. One see the wedge, the three fan rule (with fan no. revised), and the rise with consolidation at half mask. (See chart attached)
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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