jangseohee
Short

Party was over even before the seat warmed up

INDEX:HSI   Hang Seng Index
16 0 0
Just very recently, about a month ago, when Hong Kong Hang Seng Index             broken its major resistance (traced back to Nov 2010 of 24874.96. There was a big huhhah because it "means" more upside for the fool according to Alexander Elder.
Two weeks later, it couldn't maintain the momentum and worst another big marubozu green ( bearish in disguise) attempted with "convincing" break out into 25300 "assuring" the fool that the uptrend is intact oblivious to the fact that a big bear flag is waiting at the top.

But using a lagging indicator such as RSI with double divergence would be suffice to bet big in short position rather than long.
Cheers, shorties!!! :-)
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