Market : HKSE

Does it look familiar to you? the upside and the retrace follow exactly DJI(see my previous post) in the month of Oct09. So far  in just 3 wks HKSE had rally up from 20429 point to peak at 22589 points an increase of 2160 point an increase of 9.562%.

Wow!!

So as long as anything happen in USA market , HKSE will react as it is.

look at the 1 mth chart compare to the 1 year chart, You will also find that the HKSE rally in a 45 degree uptrend.

           Oct2009 month

1 year chart

What will be your strategy to deal with this?

Buy a put??