Melbourne Qindex 00:28 GMT March 9, 2011
Hang Seng Index : Critical Point 23974: Reply
Hang Seng Index : Critical Point 23974
As shown in the monthly cycle charts the market is positive when it is trading above 23574. The monthly cycle directional indicator suggests that 23774 is a critical point. Speculative selling pressure will increase when the market is able to trade above the weekly cycle pivot center at 24217.
Monthly Cycle Directional Indicator : 19320 - 22667 - 23032 - [23138] - 23246 - 23543 - [23718] - 23779 - 23974 - 24217 - 24273 - [25895]
HSI : Monthly Cycle Charts
http://www.qindex.com/hsi.html