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Thursday, July 29, 2010

Hong Kong Stock Market (Hang Send Index) is overbought!


The chart dated 29/07/2010 above shows that Hong Kong stock market is going to fall soon.  The MACD is bearish, fast stochastic has crossed over to the negative side, slow stochastic has also crossed over to show mid-term bearishness.  The asia market is overbought!

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