Like I was observing a few days ago in my last post on Asia (Another Look at a Few Asian Markets), there have been a lot of "un-bullish" developments on the charts.
I was observing that the Hong Kong Hang Seng (HSI) was in an ending diagonal. Well the last 2 days proved very un-bullish indeed. HSI is a mixture of Asia and Financials, and both are getting hit pretty hard in the crotch recently.
Looks like a diagonal breakdown to me.
Keep buying those dips!