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Strategies & Market Trends : The Stock Market Bubble

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To: Moominoid who wrote (954)8/4/1998 5:27:00 AM
From: bobby beara  Read Replies (1) of 3339
 
David, The Hang Seng breaking 7000 is another. The Hong Kong Real Estate Bubble is considered by some analysts 10x the Japanese real estate bubble of 89.

The rally has faded in Hong Kong and the underlying strength (a/d line) was very poor. It was also a countertrend A-B-C rally - not good. I think we will see Hong Kong break support before the N225.

I think the street is starting to wake up to this fact and thats why the rallies have been so wimpy since the peak.

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