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Big City Perspective: Hong Kong Stocks Rose 4 Mid Autumn Festival &Nbsp; Beware Of Anti Climax Market

2010/9/23 16:57:00 36

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September 22nd.

Hong Kong stocks

Before the Mid Autumn Festival holiday, the market continues to rush, but in the high place, the resistance occurs, and there is an estimated return action.

At present, the US Federal Reserve has not launched the two degree quantitative easing monetary policy in real time after the conference on interest rates.

In fact, the global hot money has stolen into the Asian market in the past three weeks. The SENSEX index of India, which we mentioned earlier, has finally reached the 20000 point integer. However, the short-term overbought situation has been extremely serious. It has a shaky feeling. In the short term operation, it is suggested that we should pay special attention to the short-term volatility risk of the stock price.

Hang Seng Index on Wednesday after the trend of high back pressure, in the market once challenged the recent high of 22229 points, but in the afternoon, heavyweight Feng Feng (0005) took the lead in the fall, so that the market's daily gains narrowed.

Hang Seng Index

Closing at 22047 points, an increase of 45 points, the motherboard turnover of more than 69 billion yuan.

At present, the Hang Seng Index has gone out of a four consecutive rise, the 9 day RSI index further pulled to 78, the short-term overbought condition still needs to be improved.

In fact, although Hang Seng index can be held for two consecutive days at 22000 points above the closing, but the two day is a high return to the pressure of the trip, the market pressure on the adjustment has increased, while the 21800 point is still the current good and weak watershed.

On the other hand, that is, the month will be settled next Wednesday, and the swap will bring about short-term market conditions.

Technical

We should pay more attention to the factors of fluctuation.

Hongkong real estate stocks retain high risk

On the disk, Hongkong real estate stocks continue to be the main force of the market, and US interest rates will continue to be low. Next Wednesday, the Hongkong SAR government sells land, which is a good news factor.

Hongkong's real estate stocks have been on the high side, with an average daily gain of 1.5% to 2.6%.

However, the heavy Hongkong real estate stocks include Chang Shi (0001), Henderson real estate (0012) and Sun Hung Kai properties (0016) and so on. The share price has all entered a serious overbought level, and we should pay attention to the risk of overtaking.

On the other hand, the atmosphere of the market has reached a climax. The proportion of call rounds to put rounds has increased to 90:10, and the number of stocks up to 10% or above has increased to 26.