June 21, 2014
Moses Stock Corner – Thought and Notes of Trading
Hang Seng Index, ^HSI
A well know trading saying that remind investors and traders to take profit in May to avoid possible cyclical decline, Sell in May and go away. However, if you study the daily chart, see the red box, May 2014 for Hang Seng Index the traders and investors are busy building up stock, rally. Why? Because this is Asia, Asia market, the saying is only applying to the west. Will see.
The market start to ranging in June. Why? Because the traders and investors are busy watching World Cup. True? Will See.
Hang Seng Daily Chart
Hong Kong Stock Benchmark, Hang Seng Index, ^HSI Daily Chart – June 18, 2014
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Thanks for visiting the site, AmiBrokerAcademy.com.
Moses
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