It's official: Asian-Pacific stocks just had their worst quarter since 2008. Yet some markets' woes are even more staggering: like Hong Kong's Hang Seng Index, which sealed its worst quarter in a decade.
It's been difficult for traders to navigate these stormy seas of market volatility. That's why you should have a co-pilot on board -- preferably one with experience, armed with an array of helpful tools to help you find your way.
That's where EWI global analyst Chris Carolan comes in. Carolan is a 30-year market veteran who uses the Wave Principle and supporting indicators to identify actionable near-term opportunities -- and keep his Asian-Pacific Short Term Update readers one step ahead of the trend.
Take the Hang Seng, for example. The index made a low below 17,000 on Monday, Sept. 26, then spent the next few days recouping some of its losses.
In the Sept. 29 Asian-Pacific Short Term Update -- as prices hovered just above 18,000 -- Carolan's Elliott wave analysis and Relative Strength Index indicator prompted him to publish this chart and say:
"An RSI divergence … suggests the next small move is down."
Over the next 2 trading sessions, the index fell 6.5% to 16,838 -- just as Carolan's analysis predicted.
Of course, the Wave Principle and technical indicators are about probabilities, not certainties. And they're not crystal balls. But you can see how useful they can be to help you identify and act on fast-moving opportunities.
What's next for Hong Kong and Asian-Pacific markets? Stay ahead of the trend -- and put a Charles H. Dow Award winning analyst to work as your co-pilot -- with The Asian-Pacific Short Term Update.
The Asian-Pacific Short Term Update puts your finger on the pulse of Asian-Pacific markets with near-term, chart-filled analysis of the Hang Seng, Shanghai Composite, Nikkei, ASX, S&P Nifty, MSCI Singapore, MSCI Taiwan, Kospi and more every Sunday, Tuesday and Thursday.
Get it -- along with the monthly Asian-Pacific Financial Forecast and Prechter's Theorist -- via your risk-free subscription to the Asian-Pacific Financial Forecast Service.
PLUS, you'll get FREE access to Carolan's 42-minute video trading course, "3 Technical Indicators to Help You Ride the Elliott Wave Trend" ($49 value). Carolan walks you through his favorite technical indicators -- including the Relative Strength Index -- and teaches you how to apply them in your trading.
Get The Asian-Pacific Financial Forecast Service on your screen in minutes, risk-free>>