Jim:
I'm no technician , nor do I claim to understand TA that well. I
can tell you the HK daily service I subscribe to has indicated that
technically it was necessary for the HK market to dip back under
10,000. It did so last night, closing in the 9,7xx area. They indicate first support is 9450.
From a fundamental point, they mention the lackluster Japanese market,
the continued unrest in indonesia, the violation of nuclear testing by
india, and some problems with the Phillipines general election.
IMO, the entire region is lumped together by many investors. Just
as "technology stocks" are lumped together by many with no differential between chip makers, PC sellers, or software suppliers.
To throw away the rose because a thorn stuck you is an opportunity
for someone to get a free rose. <g>
Personally, I try to follow the words of John Templeton and Peter Lynch.....if you buy good stocks, eventually you will be rewarded
with good stock prices.
I continue to closely follow the news of the individual securities I own. Through all of these gyrations, I have not seen any of the
investment criteria *I* used to pick them change. Thus, I do not sell,
I wait.
That is just my personal opinion & method. It may not work for anyone else, nor do I claim it is any good. You asked for my thoughts and
I gave them as honestly as I could.
Best Regards,
Doug |
