RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Hang Seng, Hong Kong exchange
Given the recent crash in China I thought it might be interesting to post a breadth chart for Hong Kong. In short, the index was definitely in Stage 4 before the crash last week, 1. New Highs minus New Lows had been negative for about 9 months, 3. Weinstein Momentum 5, 1% A/D 6, and Gold Cross Indicies, 15 had been declining for some while. However, in the shorter term there had been a higher low and almost a higher high, 1. It was like it was going into Stage , but then crashed back into Stage 4.
I could try doing the Shanghi or Shenzen exchanges if anyone is interested, but I'd have to download the data sets and leave it calculating for a while.