2 replies to this topic

[gannman]

just looking at charts here off of the june 27 low i think hsbc has done 3 waves up and is in a wave iv correction. what i 

 

want to see is what i would say is the wave v in hsbc and how it acts after that. hsbc is basically a proxy for the bank index

 

we will see just something to watch fwiw

 

if we top the bks we top the market imo 

[dasein]

cs is right at upper residtance

[gannman]

yup its right there if the bank index starts to go the market has put in a significant top imho