12 Jan HSI – Can stay above 20,000?

US market managed to close slightly higher, +53 pts (0.32%). Japan market dropped, but China and Hong Kong seemed to slow down and trying to maintain. However, it seems to me that there is still a higher possibility of downtrend continuation.. seeing from the market movement this period.

HSI breached the 20,000 mark yesterday. A strong close above 20,000 mark would be favourable for a possible trend reversal.

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