The Long Investor

HSI

Added 2024-11-12 11:54:36 +0000 UTC

This is very close now

HSI managed to finish the day on the 0.5 Fib exactly

The 50 Day MA is just slightly above the red line now which would be the invalidation point for this Wave 4, as Wave 4 can not infringe upon Wave 1

Going below the red line does not mean that the HSI is not in an impulse count, it means that it can not be in Wave 4 and I will reassess.

I am holding $BABA, $BIDU and $NIO and have no intention to sell.

$BABA earnings this week need to deliver

My chinese positions are also a hedge against the US market, they are not considered Safe Havens in a traditional sense but the two markets have been moving in opposite cycles over the last 2-3 years.....with the entire market now in China undervalued and the US market now being overvalued

As long as $BABA and $BIDU remain undervalued, I will hold.